5 things to watch on the ASX 200 next week

Afterpay Ltd (ASX:APT) and Premier Investments Limited (ASX:PMV) shares will be on watch on the ASX 200 next week…

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Last week the S&P/ASX 200 Index (ASX: XJO) bounced back from a heavy decline a week earlier with the smallest of weekly gains. The benchmark index rose 0.1% over the five days to 5,864.5 points.

Another busy one is expected next week. Here are five things to watch on the ASX 200:

ASX 200 futures pointing lower.

According to the latest SPI futures, the ASX 200 is poised to start the week deep in the red. Current futures contracts are pointing to a 36 point decline at the open on Monday. This follows a disappointing end to the week on Wall Street on Friday. Further weakness in the tech sector led to the Dow Jones falling 0.9%, the S&P 500 dropping 1.1%, and the Nasdaq index tumbling 1.1%. This meant Wall Street recorded its third weekly decline.

Brickworks FY 2020 result.

The Brickworks Limited (ASX: BKW) share price will be one to watch on Thursday when it hands in its full year report card. The building products and property development company wasn’t a particularly positive performer during the first half of FY 2020. It posted a 1% increase in total revenue to $449 million and a 37% decline in underlying net profit after tax to $100 million. However, trading conditions in the United States have improved over the last few months, which could have boosted its second half performance.

Tech shares on watch.

It looks likely to be another volatile week for the Australian tech sector after a disappointing decline on the Nasdaq index on Friday. Investors appear undecided on whether or not the tech rout is finally over. This could mean another five days of ups and downs for the likes of Afterpay Ltd (ASX: APT) and Appen Ltd (ASX: APX).

Premier Investments full year results.

Premier Investments Limited (ASX: PMV) is expected to release its full year results on Friday. According to a note out of Goldman Sachs, its analysts expect the company to report net profit after tax of $152.2 million on a pre-AAB16 basis or $138.8 million adjusted for AASB-16. The latter is up 11.1% year on year. Its analysts are also forecasting a fully franked 20 cents per share final dividend, down from 37 cents per share a year earlier.

Soul Pattinson result.

On Thursday the Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) share price could be on the move when it releases its full year results. The investment house is likely to release a very messy set of results due to the TPG Telecom Ltd (ASX: TPG) merger with Vodafone Australia. The estimated financial impact of derecognising TPG as an associate is expected to be an after-tax profit to the consolidated entity in the range of $1,120 million to $1,170 million for the year ended 31 July 2020. It also received special dividends of $120.9 million from TPG during the merger process.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Brickworks, Premier Investments Limited, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO and Appen Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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