In the ever-evolving landscape of the Australian Securities Exchange (ASX), investors are continually seeking opportunities for potential growth and value. Two notable players catching the attention are The Washington H. Soul Pattinson and Company Ltd (ASX: SOL) and Coles Group Ltd (ASX: COL). This brief article aims to shed light on the recent movements in their share prices and why they might be worthy additions to your ASX stock watchlist.


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Washington H. Soul Pattinson Ltd (ASX: SOL)

Since the commencement of 2024, The Washington H. Soul Pattinson Ltd (SOL) has witnessed an impressive surge, with its share price experiencing a notable 26.6% increase. Established in 1903, SOL is not your typical investment company; it stands as a testament to longevity and resilience in the ever-changing market dynamics. Boasting a diversified portfolio, SOL holds substantial stakes in prominent publicly listed companies such as TPG Telecom (ASX: TPG), New Hope Group (ASX: NHC), and a cross shareholding in Brickworks (ASX: BKW).


At its core, SOL is on a mission to deliver superior returns to its shareholders. Operating as a holding company, it focuses on creating capital growth and steadily increasing dividends. As the second-oldest publicly listed company on the ASX, SOL combines a rich history with a robust track record of capital growth and dividend distribution. Consider SOL not merely as an investment entity but as a family-run LIC, deeply aligned with the interests of its shareholders.

Coles Group Ltd (ASX: COL)

In contrast, Coles Group Ltd (COL) presents a compelling story with its share price currently standing 18% away from its 52-week high. Founded in 1914, Coles is a stalwart in the Australian retail landscape, providing customers with a diverse array of everyday products, including fresh food, groceries, general merchandise, liquor, fuel, and financial services. Originating in Victoria, Coles has maintained its headquarters in the same location since its inception.


Formerly part of the conglomerate Wesfarmers, Coles embarked on its independent journey in 2018, listing as a separate entity on the ASX. Despite facing tough competition, particularly from its larger counterpart Woolworths, Coles holds a significant market share of about 28%. The company's earnings predominantly stem from its supermarkets, but it also boasts ownership or operation of adjacent businesses like flybuys, Liquorland, First Choice, Vintage Cellars, and Coles Express.

Conclusion: Adding Potential to Your Watchlist

As investors navigate the intricacies of the ASX, Washington H. Soul Pattinson Ltd (ASX: SOL) and Coles Group Ltd (ASX: COL) emerge as intriguing candidates for your stock watchlist. SOL's remarkable share price performance and diversified portfolio, coupled with COL's resilience and market presence, make them noteworthy considerations. Stay tuned to potential opportunities unfolding in these dynamic stocks, as they could bring added value to your investment strategy.