Major Rating Upgrade | Bank of America: Raises ke holdings Target Price to HK$73, suggesting that risk-reward has become more attractive.
Gelonghui November 1st | Bank of America Securities published a research report pointing out that Ke Holdings is the primary beneficiary of the recent policy shift in China and potential cyclical recovery. The group has a high exposure in high-quality segmented markets, and both first-hand and second-hand market shares are increasing. Therefore, it is expected that in this recovery and in the long term, it will outperform market growth. Bank of America believes that the risk-return profile of Ke Holdings has become more attractive, raising the group's target price from HK$62 to HK$73, upgrading the rating from "Neutral" to "Buy", and expecting dividends to increase.
Dah Sing Bank upgraded KE Holdings (02423.HK) rating to 'buy' with the target price raised to 73 yuan.
Bank of America Securities released a research report stating that Ke Holdings (02423.HK) is the main beneficiary of recent policy changes in china and potential cyclical recovery. The group has a high exposure in high-quality niche markets, with increasing market share in both primary and secondary markets, therefore expected to outperform market growth in this recovery and in the long term. Bank of America Securities pointed out that although there is still uncertainty in the real estate market, and the bank has not raised its forecast for the real estate market, it believes that the risk-return profile of ke holdings has become more attractive. The bank has raised the group's target price from 62 yuan to 73 yuan, upgraded from 'Neutral' to 'Buy', expecting the stock
Hong Kong stocks move differently | Ke Holdings-W(02423) surged more than 5% in early trading, policies frequently issued to restore market sentiment, UBS Group expects the company's third-quarter revenue to increase by 29%.
ke holdings-W (02423) rose more than 5% in early trading. As of the time of publication, it was up 4.12%, trading at 59.4 Hong Kong dollars, with a turnover of 32.1757 million Hong Kong dollars.
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