BUZZ-Citi says Australia's Domain to outperform REA in listings, bumps up outlook

Reuters

Nov 05, 2024

** Citi forecasts stronger listings growth in Q1 for property marketplace operator Domain Holdings Australia when compared with larger peer REA Group

** Brokerage sees 8% Y-O-Y growth for DHG in Q1 vs 7% Y-O-Y growth for REA in Q1

** Citi expects controllable yield growth for DHG to be negatively impacted by free listings coming back to the platform

** Maintains "buy" rating and price target of A$3.65 for DHG

** DHG to provide its trading update for first quarter on Nov. 6

** Citi upgrades DHG's listing volume growth assumption by 1% for the fiscal 2025

** DHG down ~12.2% YTD as of last close vs 31.6% rise on the ASX All Technology index

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-11-05 07:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>** Citi forecasts stronger listings growth in Q1 for property marketplace operator Domain Holdings Australia    when compared with larger peer REA Group   </p><p>   ** Brokerage sees 8% Y-O-Y growth for DHG in Q1 vs 7% Y-O-Y growth for REA in Q1 </p><p>   ** Citi expects controllable yield growth for DHG to be negatively impacted by free listings coming back to the platform</p><p>   ** Maintains \"buy\" rating and price target of A$3.65 for DHG</p><p>   ** DHG to provide its trading update for first quarter on Nov. 6</p><p>   ** Citi upgrades DHG's listing volume growth assumption by 1% for the fiscal 2025</p><p>   ** DHG down ~12.2% YTD as of last close vs 31.6% rise on the ASX All Technology index   </p><p> (Reporting by Nikita Maria Jino in Bengaluru)</p><p>((Nikita.Jino@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2481561577","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481561577","pubTimestamp":1730761646,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Citi forecasts stronger listings 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