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Coles – 1H21 Earnings

Coles Group is under Algo Engine buy conditions.

Coles delivered 1H21 EBIT growth of 7% or $1bn with a softer outlook and deceleration on the recent growth trends.

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We remain buyers of Coles on share price weakness with support provided by the 3.6% yield.

Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
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