PRE-MARKET AUSTRALIAN STOCKS NEWS: Telstra (TLS AT) unveiled sweeping price increases for its mobile plans for the second time in 10 months
Challenger (CGF AT) - Co. withdrew its bid for Pepper Money (PPM AT) and received regulatory approval for a AUD 150mln share buy-back. (The Motley Fool)
Rio Tinto (RIO AT) - Australian federal and state governments announce AUD 2bln bailout for Rio Tinto's Boyne aluminium smelter. (ABC NEWS)
Telstra (TLS AT) - Co. unveiled sweeping price increases for its mobile plans for the second time in 10 months, pushing costs for some customers up by as much as 17% over the past year. (AFR)
Tuas (TUA AT) - Co. H1 (SGD) net SGD 8.2mln (prev. SGD 3.0mln Y/Y), EBITDA SGD 42.1mln (prev. SGD 33.1mln Y/Y), rev. SGD 91.9mln (prev. SGD 73.2mln Y/Y), dividend none. (Dow Jones Newsplus)
Broker Ratings/Price Target
Telstra (TLS AT) price target raised 1.9% to AUD 5.30/shr by UBS
Other News
Australian superannuation funds see value in equities and credit as oil supply fears linger. (AFR)