Woolworths: Investing in the long term supply chain By Alex Lu 25 June 2020, 7:50 AM WOW has announced plans to develop two automated distribution centres at Moorebank, NSW for an investment of A$700-780m over four years. Read more...
Wesfarmers: Biting the bullet By Alex Lu 25 May 2020, 10:45 AM Minor changes to earnings forecasts Read more...
Reporting Season 2020: Industrials Sector Review By Alex Lu 10 March 2020, 12:00 AM Morgans Research Analyst Alex Lu shares some post reporting season comments on Woolworths Group (ASX:WOW), Coles Group (ASX:COL), Amcor (ASX:AMC) and Invocare (ASX:IVC). Read more...
Woolworths: Sales momentum slows By Alex Lu 27 February 2020, 12:57 PM 1H20 result overall was better than we expected, however, we still maintain our hold rating. Read more...
Wesfarmers: Still some things to work on By Alex Lu 20 February 2020, 5:57 PM Despite a reduction in earnings forecasts, our target price rises due to updates to peer multiples and a roll-forward of our model to FY21 forecasts. Read more...
Coles Group: The devil is in the detail By Alex Lu 07 February 2020, 2:09 PM Coles Group (ASX:COL), 1H20 sales performance was better-than-expected with all divisions delivering solid growth. Read more...
Woolworths: Growth across the board By Alex Lu 31 October 2019, 1:10 PM WOW’s 1Q20 sales result overall was slightly weaker than we expected. Read more...
Coles Group - a lot happening at Coles By Alex Lu 02 August 2019, 5:27 PM Coles Group (ASX:COL) is due to report its FY19 result on 22 August. We maintain our Hold rating. Read more...
Woolworths - Looking to maintain momentum By Alex Lu 02 August 2019, 4:41 PM Woolworths (ASX:WOW) is due to report its FY19 result on 29 August. We maintain our Hold rating Read more...
Woolworths: Moving some pieces around By Alex Lu 04 July 2019, 11:18 AM Woolwoths (WOW) has announced its intention to combine Endeavour Drinks and ALH Group (to be called Endeavour Group) ahead of a possible demerger in CY20. Read more...