3 ASX stocks that have hit 52-week highs

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The S&P/ASX 200 Index closed higher on Monday, up 35.1 points or 0.59 per cent to 6,025.5 points at 1630 AEST.

These 3 ASX shares have all hit 52-week highs this week. 

Jumbo Interactive Ltd (ASX:JIN)

Shares in internet lottery company Jumbo Interactive Ltd finished Monday 24 cents or 5.17 per cent higher at $4.88, after hitting a 52-week high of $4.89 just after lunch time.

Jumbo on Monday released its trading update for FY18, announcing an expected revenue of $39.4 million, an increase of about 22 per cent above the prior corresponding period, and NPAT of of around $11 million, an increase of 45 per cent.

Over the last 12 months, the Jumbo Interactive Ltd share price traded as low as $2.36 and as high as $4.89. Jumbo Interactive Ltd’s share price has risen 84.85 per cent over the period.

CSL Limited (ASX:CSL)

Shares in blood plasma products and influenza vaccination developer, CSL Limited, closed $2.35 or 1.26 per cent higher at $188.56 on Monday, after tipping $189 per share earlier in the day to reach not only a 52-week high, but its highest level since listing.

Last month, CSL announced a revised profit forecast for FY18, its second profit upgrade of the year. The company now expects a net profit after tax for FY18 to be in the range of
approximately $1,680 to $1,710 million USD, compared with its earlier forecast in February of approximately $1,550 to $1,600 million USD.

Paul Perreault, CSL’s Chief Executive Officer and Managing Director, said he was pleased with the profit upgrade and commented that “of particular note has been a positive product and geographic sales mix shift, particularly with better than expected sales of Idelvion®
and Haegarda®. Furthermore, Seqirus is also performing well, following a severe northern hemisphere influenza season”.

Idelvion® is used to control and prevent bleeding episodes in patients with Hemophilia B and Haegarda® is used to prevent attacks of hereditary angioedema.

Over the last 12 months, the CSL Limited share price traded as low as $119.01 and as high as $189. CSL Limited’s share price has risen 42.5 per cent over the period.

Bapcor Ltd (ASX:BAP)

Bapcor Ltd shares closed at a 52-week high of $6.74 on Monday, up 9 cents or 1.35 per cent.

There was no news out of the auto-parts distributor on Monday, however the company did open its first store in Bangkok late last month, with four more stores set to open in Thailand by the end of 2018.

In an article in AFR, Bapcor chief executive Darryl Abotomey said the Thailand store was a mixture of both trade and retail under the same roof, and the parts to be stocked had been carefully chosen to cater for the local market. Depending on the success of the stores in Bangkok, Bapcor will be eyeing off expansion opportunities into neighbouring countries.

Over the last 12 months, the Bapcor Ltd share price traded as low as $4.98 and as high as $6.74. Bapcor Ltd’s share price has risen almost 26 per cent over the period. 

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Contributors to this article may own shares in some of the companies mentioned in this article. The Capital Club has a thorough disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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Lauren Surplice is a keen follower of the stock market, investing in individual companies and funds. She follows the daily stock market news, covering the ASX stocks that are moving the markets. You can contact Lauren at laurens@thecapitalclub.com.au