Ke Holdings-W (02423.HK): New home transactions grew against the trend, continuing high growth in the second curve.
Event: On November 21, 2024, the company announced its third-quarter performance in 2024. Investment highlights Q3 new house GTV bucked the trend with a high year-on-year increase, and the "second curve" continued its growth momentum in 2024 Q1-3 company net.
Hong Kong stocks are volatile | Ke Holdings-W (02423) fell nearly 4%, the proportion of existing home business decreased, dragging down Q3 net profit by over 30% year-on-year.
Ke Holdings-W (02423) fell nearly 4%, as of the time of publication, it fell 3.1%, closing at 48.45 Hong Kong dollars, with a turnover of 11.6081 million Hong Kong dollars.
Repurchase summary on November 27 | tencent, aia and others have repurchased shares, with tencent spending 0.704 billion HKD.
According to the documents disclosed by hkex on November 28, $tencent (00700.HK)$, $aia (01299.HK)$ and others repurchased shares. ① $tencent (00700.HK)$ repurchased 1.77 million ordinary shares on November 27, involving an amount of 0.704 billion Hong Kong dollars, with a repurchase price ranging from 405.8 Hong Kong dollars to 392.2 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities has reached 0.193 billion shares, accounting for 2.054% of the number of shares issued at the time the ordinary resolution was passed. ② $aia (01299.HK)$
U.S. stocks early market | Core PCE has the largest increase since April of this year! Spot gold briefly dropped; quantum computing concept stocks are booming! QUBT and RGTI rose by 10%, and Quantum once triggered a circuit breaker.
The market continues to focus on Trump's tariff policy and cabinet composition. The actual GDP growth rate of the United States in the third quarter slowed down compared to the second quarter.
Ke Holdings-W (02423) spent 4 million US dollars to buy back 0.65 million shares on November 26.
Ke Holdings-W (02423) announced that the company will spend 4 million dollars to conduct a buyback on November 26, 2024...
U.S. stocks are fluctuating | Ke Holdings surged over 2.8% before the market opened, and CICC raised the target price to $25, bullish on the core business continuing to outperform the market.
Gelonghui on November 27th | Ke Holdings (BEKE.US) rose 2.88% in pre-market trading to $19.26. In terms of news, Zhongjin released a report stating that Ke Holdings' third-quarter revenue increased by 26.8% year-on-year to 22.6 billion yuan, with an adjusted net income of 1.78 billion yuan, exceeding market expectations. The firm maintains its "outperform industry" rating for Ke Holdings, considering the positive trend in policies and the restoration of market risk appetite, raising the target price by 25% to $25 and being bullish on the company's core business continuing to outperform the market. (Gelonghui)
Repurchase summary on November 26 | tencent, hsbc holdings and others have repurchased shares, among which tencent spent 0.703 billion HKD.
According to documents disclosed by hkex on November 27, tencent holdings (00700.HK), hsbc holdings (00005.HK), and others repurchased shares. ① Tencent Holdings (00700.HK) repurchased 1.78 million shares of common stock on November 26, involving an amount of 0.703 billion Hong Kong dollars, with a repurchase price per share ranging from 399 Hong Kong dollars to 392.2 Hong Kong dollars. Since the repurchase authorization resolution, the total number of repurchased securities is 0.192 billion shares, accounting for 2.035% of the number of issued shares when the ordinary resolution was passed. ② Hsbc Holdings (00005.HK) on 1
Express News | Galaxy Securities: Top real estate enterprises are demonstrating excellent operational management capabilities and have a capital advantage, with the market share expected to further increase.
US stock market | Tesla's rival approved for a $6.6 billion loan! Rivian soared over 13% overnight; the US real estate and building materials market is hot! Home improvement giant Home Depot partners with luxury home builder Toll Brothers for new highs
Apparel retail demand surges! Discount retail giant tjx companies surged nearly 35% during the year, with stock prices reaching a historic high.
Ke Holdings-W (02423.HK) spent 4 million USD to repurchase 0.644 million shares on November 25.
On November 26, 2023, Gelonghui reported that ke holdings-W (02423.HK) announced it will spend 4 million USD to repurchase 0.644 million shares on November 25, 2024.
Guosen Securities: Maintains ke holdings-W (02423) 'outperform the market' rating, expecting a significant profit rebound in the fourth quarter.
Guosen expects ke holdings to have adjusted net income of 9/9.2 billion yuan for the years 2024-2025.
In the report "Major Institutions," the target price for ke holdings (BEKE.US) has been raised to 25 dollars, and the core business continues to outperform the market.
CICC published a report stating that ke holdings (02423.HK) had a year-on-year revenue growth of 26.8% in the third quarter, reaching 22.6 billion yuan. This is generally in line with market expectations; adjusted net profit is 1.78 billion yuan, exceeding market expectations, primarily due to operational expenses being lower than anticipated. Considering the recent market policies that have boosted trade activity, the revenue forecast for this year has been raised by 4% to 91.3 billion yuan. However, given that the company may increase one-time investments in employee incentives, store subsidies, etc., in the fourth quarter, the adjusted net profit forecast has been lowered by 8% to 8 billion yuan. The forecast for next year's performance is maintained.
ke holdings -W (02423.HK): Q3 revenue and profit fell quarter-on-quarter, new business continues to outperform the market.
In Q3, revenue increased year-on-year but decreased quarter-on-quarter, with profits declining both year-on-year and quarter-on-quarter. On the revenue side, in Q3 2024, the company achieved a GTV trade total of 736.8 billion yuan, a year-on-year increase of 12% and a quarter-on-quarter decrease of 12%; revenue was 22.6 billion yuan, and the same...
US stocks closed: The Dow Jones rose nearly 1% to a new high, while nvidia and Tesla fell sharply against the trend.
① The nasdaq china golden dragon index rose by 0.44%; ② bitcoin fell back, microstrategy dropped more than 4%; ③ international oil prices plummeted, conocophillips fell by 5%; ④ California plans to introduce electric autos purchase subsidies, with Tesla being excluded.
Asian Equities Traded in the US as American Depositary Receipts Edge Higher in Monday Trading
KE Holdings Is Maintained at Overweight by Barclays
KE Holdings Analyst Ratings
Barclays Maintains KE Holdings(BEKE.US) With Buy Rating, Raises Target Price to $33
Express News | Ke Holdings Inc : Barclays Raises Target Price to $33 From $30
KE Holdings | 6-K: Report of foreign private issuer (related to financial reporting)