Hello everyone.
Welcome to the Smart Market Insights here on Kalkine TV.
I’m Sage, and today we will be shining some light on How ASX blue chips companies have
fared so far in 2022.
The Australian market has been in a broader uptrend for the last few sessions, taking
cues from global markets as market participants might have fully discounted geopolitical tensions.
The benchmark ASX 200 index had risen by 0.5 percent by the day’s close yesterday.
However, the index is still down 2.79 percent for the year as most of its constituents are
still on a recovery path.
So Let’s now look at some ASX blue-chip companies and see how they have fared this
year so far.
First on the list is ResMed, which is a California-based medical devices company with a market capitalisation
of AU$50.32 billion.
The company has been clocking incrementally higher revenues for the last few financial
years with revenue total of AU$3.2 billion last year.
It is also a regular dividend-paying company and had declared a total dividend of AU$0.151
per share in the last calender.
Coming to the RMD share price, the stock has fallen 7.71 percent this year to the last
closing price of AU$33.39 on 23 March 2022.
However, the stock has gained 5.03 percent over the previous one month.
The current dividend yield of RMD shares is 0.45 percent.
Second on the list is Computershare - a AU$14.36 billion software and services company and
provides several financial services such as mortgage servicing, stakeholders communication.
Last year, the company registered a stagnant revenue at AU$2.28 billion compared to the
2020 financial year.
CPU shares closed at an all-time high of AU$24.08 on Wednesday as the stock rallied for the
second consecutive session.
The stock has significantly outperformed the ASX 200 this year, delivering a decent return
of 18.27 percent as of the last closing.
The current dividend yield of CPU shares stands at 1.97 percent.
Moving on now to ASX blue-chip company – Brambles - a supply chain and logistics company with
a market capitalisation of AU$13.9 billion.
The company is present in over 50 countries and specialises in the pooling of crates,
containers, pallets amongst other carrier-type products.
In the last financial year, the company registered a net profit of AU$0.53 billion over revenue
of AU$5.21 billion.
Bramble’s share price fell 1.24 percent to the last traded price of AU$9.57 on 23
March 2022, aggregating a negative return of 10.98 percent for the year.
The current dividend yield of its share price stands at 3.06 percent.
And the last ASX blue-chip company today is Amcor -a global packaging company with a market
capitalisation of AU$23.08 billion.
The company develops and produces rigid and flexible packaging for products such as various
food, beverage, personal care products and medical devices.
On Wednesday, the Amcor’s share price closed falling 0.91 percent for the day.
The stock has fallen 8.42 percent so far in 2022, while gaining 2.63 percent in the last
year.
The current annual dividend yield of AMC share is a decent 4.16 percent.
Although blue-chip stocks are considered more resilient to a fall in a pessimistic market
environment, they are entirely immune to corrections.
Investors should not fall for this notion of ‘high resilience’ and must do proper
due diligence before investing.
Well, that’s all for now.
We will be back again with the exclusive Smart Market Insights Show.
Till then, keep watching Kalkine TV for the latest market updates and related insights.
I’m Sage, signing off.