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) 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.
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