Rea Group Ltd (ASX:REA) is the owner of Australia’s most popular real estate portal realestate.com.au. It owns other property leading sites such as realcommercial.com.au too. It also has stakes in several other international property sites in the US, South East Asia and India.
This short ASX investing article is my trivial attempt to think about the ASX’s best companies, ranked by ROIC.
The REA Group Limited (ASX:REA) share price is under the spotlight after announcing its FY23 half-year result.
Results are in for the 22 ASX shares we picked for our 2022 watchlist. Get our 2022 ASX shares review.
LIVE ASX reporting season coverage is on The Australian Investors Podcast. Today Owen Rask & Drew Meredith cover Commonwealth Bank of Australia (ASX:CBA), AMP Limited (ASX:AMP), ResMed Inc (ASX:RMD) and more.
The REA Group Limited (ASX:REA) share price has gone up in response to the FY22 report which showed more profit and dividend growth.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday, taking the S&P/ASX200 to a weekly gain of 1.6 per cent. The ASX 200 is expected to open firmly higher Monday morning, according to ASX 200 futures contracts in Sydney.
The Australian share market, otherwise known as S&P/ASX 200 (INDEXASX: XJO) or All Ordinaries (INDEXASX: XAO), continued on a downward trend on Wednesday, to open the month of June by falling 0.8 per cent.
The S&P/ASX 200 (ASX:XJO) experienced its worst session since Russia invaded Ukraine on Friday as Macquarie (ASX:MQG) shares made headlines.
Over the long-term, I think ASX growth shares like REA Group Limited (ASX:REA) can produce the strongest returns thanks to compounding.
