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.
HSBC Research: The real estate industry in Hong Kong and Mainland China has shown improvement compared to three months ago, preferring eight stocks.
HSBC Research released a report stating that there has been a fundamental shift in China's policy direction, returning to a focus on promoting economic growth. Compared to July, Shi Yongqing, the founder of Zhongyuan Group, is more optimistic about the trend of residential prices in China, especially in first-tier cities, due to the surge in real estate transaction volume, indicating an initial stabilization in the market. As for Hong Kong, the report mentioned that Shi Yongqing pointed out that the local property market has become more favorable due to the start of the US interest rate cut cycle and the recovery of the mainland real estate market. He also believes that Hong Kong real estate does not have an oversupply issue, and the pressure on property prices is mainly caused by economic headwinds and developers reducing prices.
This Alphabet Analyst Turns Bullish; Here Are Top 5 Downgrades For Wednesday
KE Holdings Price Target Raised to $28.00/Share From $24.00 by B of A Securities
KE Holdings Raised to Buy From Neutral by B of A Securities
KE Holdings Analyst Ratings
BofA Securities Maintains KE Holdings(BEKE.US) With Buy Rating, Maintains Target Price $28
BofA Securities Upgrades KE Holdings(BEKE.US) to Buy Rating, Raises Target Price to $28
Unusual Options Activity: MRK, W and Others Attract Market Bets, MRK V/OI Ratio Reaches 206.5
EST Oct 29th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
US stocks early market | DJT multiple circuit breakers intraday! Trading hot on the donald trump concept; Cryptos concept stocks rallied and then fell back, microstrategy down 0.33%, Coinbase up 0.86%
On the evening of the 29th Beijing time, the U.S. stock market opened with mixed gains and losses. The U.S. Treasury bond yields continued to rise. Investors are preparing for the financial reports of important technology companies such as Alphabet and AMD.
U.S. stock market anomaly | ke holdings pre-market rise more than 2.5%, target price raised to $25 by ubs group and listed as the industry's top pick
Gelonghui October 29th | Ke Holdings (BEKE.US) pre-market trading rose more than 2.5%, reaching $22.64. In terms of news, UBS Group issued a research report stating that it is expected that Ke Holdings' third quarter revenue for the fiscal year 2024 will increase by 29% year-on-year, reaching the upper limit of guidance. Gross Transaction Value (GTV) increased by 15% on a quarterly basis, outperforming the top 100 developers' contract sales performance. Considering the narrowing of losses in house decoration and house rental business, as well as the expected improvement in operating leverage for the fiscal years 2024 to 2026, Ke Holdings' adjusted net income forecast for the fiscal years 2024 to 2026 has been raised by 7% to 13%. In addition, the bank also believes
Ke Holdings (02423) rose 4.08% against the market. Institutions expect it to continue benefiting from bullish policy background and low base effects.
King&Capital News | KE Holdings (02423) rises against the market, as of the time of publication, up 4.08% to HK$57.45, with a turnover of 0.107 billion Hong Kong dollars. On the news front, HSBC Research stated that the sales of new properties in the domestic market have shown lasting resilience, and the sustained momentum is expected to surpass the impact of the May stimulus measures, with the rise in second-hand property transactions and the recovery of the land market serving as positive signals for market confidence improvement. The bank maintains a positive view on fourth-quarter property sales, believing it will continue to benefit from the bullish policy backdrop and the low base effect. UBS Group, on the other hand, expects KE Holdings' third-quarter revenue for the fiscal year 2024 to increase by 29% year-on-year, in line with guidance.
UBS Group raises ke Holdings (BEKE.US) target price to $25, still preferred.
UBS Group released a research report indicating that KE Holdings (BEKE.US) is expected to increase its third quarter revenue by 29% in the 2024 fiscal year, reaching the upper limit of guidance; adjusted net profit is expected to decrease by 9% year-on-year, resulting in a net profit margin of 8.5%; second-tier Gross Transaction Value (GTV) is expected to increase by 10% year-on-year, and decrease by 15% quarterly; first-tier GTV is expected to increase by 15% quarterly, outperforming the top 100 developers in contract sales. In addition, based on the mainland real estate market's recovery in October, KE Holdings is projected to see a 114% year-on-year increase in net profit in the fourth quarter of this year. The bank stated that considering the narrowing losses in house renovation and house rental business, as well as the expected financial performance from 2024 to 2026.
US stocks closed | The three major indices collectively rose, with the China Golden Dragon Index leading the large cap with a rise of over 4%; Bitcoin returned to $0.07 million, and crypto concept stocks strengthened; Donald Trump concept stock DJT surged
Small cap stocks rose 1.7% to lead the way, Nasdaq approaching its all-time high, tesla reversed down by 2.5%, nvidia fell by 1% at one point, nio inc surged over 10%, North American uranium mines and nuclear energy concept stocks rose together, Altman-backed Oklo surged over 28% to a new high.
Shares of US-listed Chinese Stocks Are Trading Higher. The People's Bank of China Announced It Will Use Outright Reverse Repurchase Agreements to Enhance Liquidity Management, Which May Boost Investor Confidence and Boost China's Monetary Policy.
Hong Kong stock concept tracking | Peking, Shenzhen real estate market volume hits new high, real estate sector policy effects may gradually emerge (with concept stocks)
Data from the China Real Estate Research Institute shows that as of the 26th of October, the number of second-hand residential housing transactions in Beijing has reached 12,979 units. It is expected that the total number of transactions in October will exceed 0.016 million units, reaching a new high in 19 months; the actual transaction volume is expected to reach 0.025 million units, the highest in the same period in 8 years.
Hong Kong stocks see a slight decline in the three major stock indices in the afternoon, with the technology index rising more than 1%; photovoltaic and biotechnology stocks leading the gains all day, flat glass soaring more than 23%, wuxi apptec rising m
Network technology stocks rose together, Xiaomi Group-W up 2.77%, Kuaishou-W up 1.44%; Digital health stocks strengthened, Meidibao Kang up 5.41%, jd health up 5.07%; Biotechnology stocks generally rose, Yiming Angke-B up 24.36%, zai lab up 15.02%.
HK stocks are on the move | KE Holdings-W (02423) rose more than 4%. New home and second-hand home sales have significantly rebounded, institutions are bullish on the company's profit potential.
Ke Holdings-W (02423) rose more than 4%, as of the time of publication, it rose by 4.08%, closing at 54.8 Hong Kong dollars, with a turnover of 89.9518 million Hong Kong dollars.