Wesfarmers – Earnings
WES:ASX is under Algo Engine buy conditions and is up 22% since being added to our model portfolio in September 2020.
The company has delivered 1H21 NPAT of $1,414 million, +26% YoY. We expect growth to moderate and the valuation is looking stretched, although supported by a 3.2% yield.
Buy WES on the next Algo Engine buy signal.
