Some more of the best ASX shares are reporting to the market this week. As the busiest week for announcements, be sure to keep up to date with all of your stocks releasing results in week 3 of reporting season.
ASX reporting season is a great time to assess your portfolio and watchlists. You can make sure that the fundamentals of the business and your investment thesis are still going strong.
So, here are 4 ASX shares set to release their results during week 3 of reporting season.
Altium Limited (ASX: ALU) – Monday
Altium is set to release its FY20 half-year results after the market closes on Monday 17th of February. Although Altium shares trade on a rich earnings valuation, the company has been growing those earnings at an impressive rate. As a happy shareholder, I'll be looking for more of the same from one of my favourite stocks.
With most Internet of Things (IoT) devices having a printed circuit board in them, Altium is well placed to benefit from the expectation of global technology spending on IoT growing to US$1.2 trillion by 2022.
BHP Group Ltd (ASX: BHP) – Tuesday
BHP released a quarterly activities report on 21 January and will follow that up with its FY20 half-year results on Tuesday. The quarterly update showed that all production and unit cost guidance remains unchanged for the 2020 financial year, based on the company's foreign currency assumptions.
Webjet Limited (ASX: WEB) – Wednesday
The Webjet share price has had a rough time of late, in part due to the Novel Coronavirus. Despite that, I nominated Webjet as my top stock for February. I see Webjet as a great long-term investment, even if the next few reports are not stellar. There is no doubt investors will be looking to hear from the company regarding any impact of the virus on travel in the short-term.
Sydney Airport Holdings Pty Ltd (ASX: SYD) – Thursday
Sydney Airport is releasing its FY19 full-year results on Thursday, 20 February 2020 before market open. Recently, the company announced its November and December 2019 traffic performance. For the month of November, total passengers were down 0.1% over the prior month of November 2018. For the month of December, total passengers were up 0.6% over the prior month of December 2018.
Like Webjet, Sydney Airport has been affected by the Novel Coronavirus. UBS has estimated that if the coronavirus has the same impact on travel as SARS, Sydney Airport could expect a 5% downgrade in operating cash flow.
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