Why Collins Foods, Healius, Imugene, and Link shares are climbing today

These ASX shares are having a stronger day than most on Tuesday.

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The S&P/ASX 200 Index (ASX: XJO) is back on form on Tuesday. In afternoon trade, the benchmark index is up 0.5% to 7,020.1 points.

Four ASX shares that are rising more than most are listed below. Here's why they are climbing:

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price is up over 9% to $11.05. Investors have been buying this KFC restaurant operator following the release of its half-year results. Collins Foods reported a 14.3% increase in revenue from continuing operations to $696.5 million and a 16.7% lift in underlying EBITDA from continuing operations to $109.9 million.

Healius Ltd (ASX: HLS)

The Healius share price is up 6% to $1.41. Investors have been picking up this beaten-down healthcare company's shares following the release of its annual general meeting update. They appear pleased with Healius' corporate reset plans.

Imugene Limited (ASX: IMU)

The Imugene share price is up 10% to 10 cents. This morning, this immuno-oncology company revealed that its MAST (Metastatic Advanced Solid Tumours) clinical program has been granted Fast Track designation from the US Food and Drug Administration (FDA). This program is evaluating the safety and efficacy of novel cancer-killing virus CF33-hNIS (VAXINIA).

Link Administration Holdings Ltd (ASX: LNK)

The Link share price is up 4% to $1.24. This has been driven by the administration services company's annual general meeting update. That update revealed that it expects to deliver operating EBIT growth of 10% in the first half. In light of this strong half, management has upgraded its guidance for the full year. It now expects full-year revenue growth of at least 6.5% and operating EBIT growth of between 7% and 9%.

Motley Fool contributor James Mickleboro has positions in Collins Foods. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Link Administration. The Motley Fool Australia has recommended Collins Foods. 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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