US stocks volatility | Ke Holdings rose nearly 1% before market open as institutions are bullish on its "one body three wings" global strategy.
Gelonghui, December 3 | Ke Holdings (BEKE.US) rose nearly 1% before the market opened, quoted at $19.5. On the news front, First Shanghai released a research report stating it maintains a "buy" rating for Ke Holdings, with a target price of HK$66.9, bullish on the company's robust development in the "integrated" business and the improvement of industry penetration rates, as well as the ability of the "three wings" business to solidify the company's resilience through the after-cycle of the real estate market. Looking ahead to the fourth quarter, benefiting from the recently introduced policies since the end of September regarding adjustments in real estate crediting, trade tax and fee adjustments, and the new round of easing purchase restrictions in first-tier cities, the company's overall trading volume is expected to experience significant growth, consequently boosting the company's "integrated" business.
Ke Holdings-W (02423.HK) spent 4 million USD to repurchase 0.6396 million shares on November 29.
Gelonghui December 2nd | ke holdings (02423.HK) announced that on November 29, 2024, it spent $4 million to repurchase 0.6396 million shares.
Buying second-hand houses can finally be at ease? Ke Holdings unexpectedly announced full coverage in Zhengzhou.
In second-hand housing trade, both buyers and sellers always face a key issue — fund security. For Chinese people, the scale of funds involved in real estate transactions is enormous, which makes every detail of the trading process require great caution. Any risks arising from a lack of transparency in processes, information asymmetry, or misappropriation of funds can lead to significant losses for both parties involved in the trade. Therefore, ensuring the safety of funds is crucial for protecting the interests of both buyers and sellers. Recently, ke holdings (BEKE.US/02423.HK) held a commitment event in Zhengzhou themed "Assured Commitment, New Future in Henan" regarding fund security.
On November 27, ke holdings-W (02423.HK) spent 4 million USD to buy back 0.621 million shares.
Ke Holdings announced on November 28th that on November 27th, it spent $4 million to repurchase 0.621 million shares.
"One Body Three Wings" continues to seek innovation and change, ke holdings' Peng Yongdong: driving the organization to grow upward.
Recently, the three major first-tier cities of Beijing, Shanghai, and Guangzhou simultaneously announced tax reductions and household registration policies, drawing people's attention back to the real estate market. With a series of new real estate policies released in September, including the "four cancels" and "four reductions," the policy dividends continue to stimulate market vitality, and the real estate market has also entered a healthy development track of "stopping the decline and stabilizing." The one-stop new housing service platform ke holdings also recently released its financial performance for the third quarter of 2024. During the reporting period, ke holdings achieved a total transaction value (GTV) of 736.8 billion yuan, a year-on-year increase of 12.5%, with net revenue amounting to RMB.
First Shanghai: Maintains a "buy" rating on KE Holdings (02423) with a target price of 66.9 Hong Kong dollars.
First Shanghai expects ke holdings' adjusted net income for the next three years to be 8 billion, 9.6 billion, and 10.9 billion yuan respectively.