-------------------------------------- 0923 [Dow Jones] Coles Myer (CML.AU) set to fall after 3Q sales up 8.8%, food and liquor up just 3% after 3.8% rise in 1H. CML says reaffirming FY05 profit forecast of A$670 million-A$680 million. Broker says previous forecast was for 18% EPS growth while new target implies range of 16%-18% so "setting themselves up for a slowdown," while comments that 4Q will be highly competitive confirm tough outlook. Broker says "they won't get torched" but expects 1%-2% fall; CML last at A$8.81. (WEL)
CML Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
