REA Group Ltd

REA: XASX (AUS)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
A$199.00WldsnKvvmqvbk

REA Group Remains Overvalued Despite Likely Second-Half Earnings Rebound

As expected, narrow-moat-rated REA Group reported a weak first-half result which was impacted by the Australian real estate market downturn in 2019. However, the real estate market is recovering following three interest rate cuts by the Reserve Bank of Australia in 2019 and we expect the company to return to earnings growth in the second half of fiscal 2020.

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