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REA Group: 1H FY22 Earnings

REA Group reported 1H FY22 revenue growth of 25% or $109mn with EBITDA of $84mn. Full-year EPS is forecast to be up 20%+ on the prior year and the stock now trades on a forward yield of 1.2%.

Buying support is likely to rebuild within the $115 to $135 price range.

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