((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Updates)
November 11 – **REA Group REA.AX, controlled by News Corp
Rupert-Murdoch-owned NWSA.O rises 1.1% to A$236.76
** UBS raises price estimate to A$268 from A$236 and maintains call option
**Australian property listing company’s first quarter results beat market estimates, strong and evidence of good execution
**REA prepares for deep growth for the remainder of FY25
** Upward revision of revenue estimates for FY25-27 by 2% on average
** Brokerage firm Morningstar says REA shares are currently overvalued and the company has had a strong start to the year
**The company says REA outperformed smaller rival Domain Holdings DHG.AX.
** The outperformance is even more pronounced when considering Sydney and Melbourne, which saw stronger listing growth than Australia as a whole, which should have benefited Domain, whose business is more focused on these cities – Morningstar
**DHG shares fell 1.9% to A$2.63
**REA is up 29.3% year-to-date as of last close
Belgium
