Original article by Eli Greenblat, Sarah-Jane Tasker
The Australian – Page: 17 & 20 : 22-Nov-18

Shares in Coles Group closed at $12.75 on 21 November, after the stock listed at $12.49 following its demerger from Wesfarmers. Coles has a market capitalisation of about $16bn, ranking it among Australia’s 20 largest listed companies. Alphinity Investment Management’s Bruce Smith expects some volatility in Coles’ share price in the near-term, as investors decide whether to buy into the stock or sell their holdings. Vertium Asset Management’s Jason Teh adds that Coles has a higher level of higher investment risk than grocery rival Woolworths.

CORPORATES
COLES GROUP LIMITED – ASX COL, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, VERTIUM ASSET MANAGEMENT PTY LTD, WOOLWORTHS GROUP LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, ALDI STORES SUPERMARKETS PTY LTD, COSTCO WHOLESALE AUSTRALIA PTY LTD, AMAZON.COM INCORPORATED, SOUTH32 LIMITED – ASX S32, SUNCORP GROUP LIMITED – ASX SUN, ARISTOCRAT LEISURE LIMITED – ASX ALL