BUZZ-Goldman Sachs says recent data points towards positive Aussie media market

Reuters10-23

** Analysts at Goldman Sachs see recent data points in the Australian media industry as broadly positive for REA Group

and Seek

** Brokerage flags there has been a strong start to property listings in Australia, helping REA Group, while job advertisements volume in Australia and New Zealand are tracking ahead of Seek's estimates

** Says current balance sheet strength is high, particularly for REA, note historical M&A activity

** REA shares gain 0.6% while SEK shares drop 1%

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment