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.
We remain buyers of Coles on share price weakness with support provided by the 3.6% yield.
Carsales.Com is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. The stock is up 14% since being added in December 2020.
1H21 result with adjusted EBITDA of $125 is up 16% on the same time last year. With the stock trading on 30+PE, the short-term upside is limited.
Forward yield into FY22 now stands at 2.6%, which is supported by 10%+ EPS growth.
Domino’s Pizza Enterprises is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. The stock is up 42% since being added back in November 2020.
Domino’s reported 1H21 sales up 17% and EBIT of $153 million, + 32%. Japan reported sales growth of 36%.
Brambles 1H21 underlying profit was ahead of consensus.
FY21 guidance was upgraded with revenue growth now expected
between 4-6% and underlying profit growth +5 to 7%.
We have BXB on a forward yield of 3.2%
Sonic Healthcare is looking oversold and we believe buying support will build within the $32.50 – $33.50 price range.
Xero is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
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ResMed is under Algo Engine buy conditions and we see buying support building.
NCM is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support developing near the $25 – $26 level.
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
FY20 NPAT was up 12.5% to A$1,060.2mn, and the company is guiding to 9% EPS growth in FY21.
Relative to its A-REIT peers, GMG is trading on an elevated earnings multiple, however, this is not the case when compared to its global peers.
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