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PRE-MARKET AUSTRALIAN STOCKS NEWS: Coles (COL AT) H1 (AUD) net fell 11% Y/Y to 511mln, underlying net rose 13% Y/Y to 676mln, EBIT fell 7.9% Y/Y to 996mln, rev. rose 2.5% Y/Y to 23.69bln

Importance
Level 1

Bubs Australia (BUB AT) – Co. H1 (AUD) net fell 50% Y/Y to 1.8mln, rev. rose 14% Y/Y to 55.5mln, no interim dividend. (Dow Jones Newsplus)

CBA (CBA AT) - Co. probes AUD 1bln in suspected fraudulent home loans and calls in police. (AFR)

Coles (COL AT) – Co. H1 (AUD) net fell 11% Y/Y to 511mln, underlying net rose 13% Y/Y to 676mln, EBIT fell 7.9% Y/Y to 996mln, rev. rose 2.5% Y/Y to 23.69bln, interim dividend 0.41/shr. (Dow Jones Newsplus)

Harvey Norman (HVN AT) – Co. H1 (AUD) net rose 15.2% Y/Y to 321.9mln, rev. rose 6.9% Y/Y to 5.16bln. (Dow Jones Newsplus)

PEXA Group (PXA AT) – Co. H1 (AUD) NPATA rose 33% Y/Y to 40.3mln, EBITDA rose 19% Y/Y to 85.8mln, rev. rose 10% Y/Y to 215.3mln, NPAT from continuing operations swung to 15.4mln (prev. loss 29.5mln Y/Y). (Motley Fool)

TPG Telecom (TPG AT) – Co. FY (AUD) net swung to profit of 461mln (prev. loss 107mln Y/Y), rev. rose 2.8% Y/Y to 5.04bln. (Dow Jones Newsplus)

Virgin Australia (VAH AT) – Co. H1 (AUD) net fell 28% Y/Y to 341.1mln, rev. rose 9.3% Y/Y to 3.32bln, underlying EBIT rose 12% Y/Y to 490.4mln, no interim dividend. (Dow Jones Newsplus)

Property – Treasury examines potential Labor plan to slash negative gearing benefits despite warnings it may reduce rental property availability. (The Australian)

#AUSTRALIA#AUD#ASIA#COMMONWEALTH BANK OF AUSTRALIA#CBA.AT#HARVEY NORMAN HOLDINGS LTD#HVN.AT#VIRGIN AUSTRALIA HOLDINGS LTD#VAH.AT#ASIAN SESSION#HIGHLIGHTED#RESEARCH SHEET#ASIAN EQUITIES
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