3 ASX stocks that have hit 52-week highs


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. 

Here’s how you can strike it rich in the share market…

The best way to strike it rich in the share market is to buy shares that are not only cheap, but growing quickly.

Combining countless hours of research with over 30 years of hands-on stock market investing experience, The Capital Club’s founder Bruce Jackson has just published his definitive list of 3 Cheap and Good ASX Stocks for 2018.

Best of all, the report is absolutely free, exclusively for readers of The Capital Club.

In this comprehensive free report, you’ll find the name of one ASX gold stock that’s not only profitable, but trading at less than 4 times forecast profits.

You’ll also discover the name of a company one fund manager has called the cheapest stock in the ASX 100, and you’ll read about the three catalysts that could push the share price higher in the next six months.

Finally, the report names one of the cheapest retailers trading on the ASX, a company that just picked up the assets of a distressed competitor on the cheap, paying just 2 times earnings. No wonder one top fund manager thinks its share price could at least double.

With the share prices of each of these 3 companies having the potential to double or more, you’ll want to act now. Simply click here or the button below, enter your email address, and this free report will be instantly sent to you.

See the 3 stocks

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.
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