All posts by Alex Lu
Analyst
Sectors Covered: Industrials
By Alex Lu
20 August 2020, 8:52 AM
Coles Group's (ASX:COL) FY20 result (pre-AASB16) overall was slightly above our expectations. Supermarkets EBIT rose 11% (+2% vs Morgans), Liquor EBIT was flat (+5% vs Morgans) and Express EBIT fell to -A$16m (Morgans -A$22m).
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By Alex Lu
28 July 2020, 2:45 PM
Analysis on stocks within the Industrials sector ahead of the August 2020 reporting season.
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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.
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By Alex Lu
25 May 2020, 10:45 AM
Minor changes to earnings forecasts
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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).
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By Alex Lu
27 February 2020, 12:57 PM
1H20 result overall was better than we expected, however, we still maintain our hold rating.
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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.
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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.
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By Alex Lu
31 October 2019, 1:10 PM
WOW’s 1Q20 sales result overall was slightly weaker than we expected.
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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.
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