Australia's REA Group's climbs as Morningstar sees resilience against competition
ReutersApr 14, 2025 5:41 AM
Shares of digital advertising co REA Group REA.AX rise 1.5% to A$240.54
Morningstar maintains its fair value estimate at A$126 per share, despite selloff in the sector following CoStar's CSGP.O initial offer for Domain DHG.AX
Expectation high for DHG's acquisition approval, driven by unanimous board decision and major shareholder Nine Entertainment NEC.AX's readiness to sell - Brokerage
Brokerage believes REA would be able to raise prices further without regulatory scrutiny, offsetting intensifying competition from the deal
Stock up 3.1% YTD
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