KE Holdings-W (02423.HK) spent 4 million USD to repurchase 0.631 million shares on December 16.
Gelonghui reported on December 17 that KE Holdings-W (02423.HK) announced a buyback of 0.631 million shares for 4 million USD on December 16, 2024.
[Brokerage Focus] SWHY expects the Real Estate Industry to bottom out and maintains a 'Bullish' rating on Real Estate and property management.
Gold Eagle Financial News | SWHY stated that over the past three years, China's Real Estate sector has undergone deep adjustments, and the effects of relaxed policies during this period have been limited. The bank believes that the core issue lies not in insufficient demand, but in the weakening of residents' balance sheets. The statements in September to 'stop the decline and stabilize' and in December to 'stabilize the Real Estate and stock markets' clarified the policy approach to repairing residents' balance sheets, demonstrating stronger policy effectiveness than before. The policy has entered a more targeted trajectory, and it is expected that more proactive and substantial policies will be introduced subsequently, with the Industry likely to reach a bottom. Considering that mid-term demand has support but short-term supply has constraints, the bank forecasts that the total will still be skewed next year.
Major banks rating丨Citi: The mainland's support policies for the real estate market are developing in the right direction, but it will take time.
On December 16th, Gelonghui reported that Citibank issued a research report indicating that China recently held a central economic work conference. Regarding the real estate market, the central government continues to promote a stabilization and recovery in the domestic housing market; enhance urban renewal efforts; fully release housing and upgrading demand; control land supply, activate existing land or non-residential properties; and establish new development models among other policies. Citibank mentioned that the valuation of the domestic real estate Sector seems to be supported by multiple bullish fundamental factors, believing that the supportive policies for the real estate market in mainland China are developing in the right direction, but it will take time. The industry’s top picks are KE Holdings, CHINA RES LAND, and GREENTOWN CHINA.
Citigroup: The policies supporting the real estate market in mainland China are developing in the right direction, but it will take time.
Citibank published a research report stating that China recently held a Central Economic Work Conference, where the central government continued to promote the stabilization of the domestic housing market; increased efforts in urban renewal; fully released housing/upgrading demand; controlled land supply, revitalized existing land or non-residential properties; established new development models, among other policies. Citibank mentioned that the valuation of the domestic real estate Sector seems to be supported by several fundamental Bullish factors, believing that the mainland's supportive housing policies are developing in the right direction, but time is needed. Industry favorites include KE Holdings (BEKE.US), CHINA RES LAND (01109.HK), and Greentown (03900.HK). Shares |
December 13 repurchase collection | TENCENT, AIA and others have repurchased shares, among which TENCENT spent 0.703 billion Hong Kong dollars.
According to the documents disclosed by the HKEX on December 16, TENCENT (00700.HK), AIA (01299.HK), and others have repurchased shares. ① TENCENT (00700.HK) repurchased 1.71 million ordinary shares on December 13, involving an amount of 0.703 billion HKD, with the repurchase price ranging from 414.6 HKD to 408.6 HKD per share. Since the repurchase authorization resolution, the total number of securities repurchased is 0.214 billion shares, accounting for 2.274% of the number of shares issued at the time the ordinary resolution was passed. ② AIA (01299.HK)
KE Holdings-W (02423.HK) spent 4 million USD to buy back 0.6231 million shares on December 13.
On December 16, Gelonghui reported that KE Holdings-W (02423.HK) announced a buyback of 623,100 shares at a cost of 4 million USD on December 13, 2024, with a buyback price per share ranging from 6.31 to 6.61 USD.
U.S. stocks are fluctuating | The Nasdaq Golden Dragon China Index has fallen over 2%, and Fangdd Network (DUO.US) has fallen over 9%.
On Friday, the Nasdaq Golden Dragon China Index fell over 2%, and the FTSE China 3x Long ETF (YINN.US) dropped over 6%.
KE Holdings-W (02423.HK) spent 4 million USD to repurchase 0.6004 million shares on December 12.
Gelonghui, December 13丨KE Holdings-W (02423.HK) announced that on December 12, it spent 4 million USD to repurchase 0.6004 million shares, with a repurchase price per share ranging from 6.52 to 6.8 USD.
This week's US stock bull stocks | Technology giants hit new highs together! Quantum chips have been launched with great impact, and Google has risen 10% over the week; Tesla has soared more than 72% since election day.
This week, the Dow Jones Industrial Average fell 1.63%, closing at 43,914.12 points; during the same period, the S&P 500 Index fell 0.64%, closing at 6,051.25 points; the Nasdaq Composite Index rose 0.22%, closing at 19,902.84 points.
Hong Kong stocks movement | KE Holdings-W (02423) is currently down over 4%. Last week, the Volume of new home transactions fell by 15% month-on-month, while the Volume of second-hand home transactions remains relatively high.
KE Holdings-W (02423) is currently down over 4%, as of the time of writing, down 4.02%, at HKD 51.35, with a transaction volume of HKD 22.647 million.
On December 12, a share repurchase took place | TENCENT, HSBC Holdings and others have repurchased shares, among which TENCENT spent 0.704 billion HKD.
According to a disclosure by HKEX on December 13, both TENCENT (00700.HK) and HSBC Holdings (00005.HK) repurchased shares. ① TENCENT (00700.HK) repurchased 1.69 million ordinary shares on December 12, involving an amount of 0.704 billion Hong Kong dollars, with the repurchase price ranging from 422.4 Hong Kong dollars to 409.8 Hong Kong dollars per share. Since the share buyback authorization resolution, the cumulative number of repurchased securities amounts to 0.212 billion shares, accounting for 2.256% of the total number of shares issued when the ordinary resolution was passed. ② HSBC Holdings (00005.HK)
The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Express News | The Central Economic Work Conference states that a moderately loose MMF policy should be implemented, with timely reductions in reserve requirements and interest rates, to maintain ample liquidity.
Express News | Central Economic Work Conference: There will be a more proactive fiscal policy, increasing the fiscal deficit ratio.
KE Holdings-W (02423.HK) spent 4 million USD to repurchase 0.588 million shares on December 11.
On December 12, Gelonghui reported that KE Holdings-W (02423.HK) announced it spent 4 million USD to buy back 0.588 million shares on December 11.
Express News | Central Economic Work Conference: Implement a more proactive macro policy, expand domestic demand, promote the integration of technological innovation and industrial innovation development, and stabilize the property and stock markets.
Repurchase Collection on December 11 | Tencent Holdings, AIA, etc. bought back one after another, of which Tencent Holdings spent HK$0.702 billion
According to documents disclosed by the Hong Kong Stock Exchange on December 12, $Tencent Holdings (00700.HK) $ and $AIA (01299.HK) $ repurchased shares. ① $Tencent Holdings (00700.HK) $ repurchased 1.71 million common shares on December 11, involving an amount of HK$0.702 billion. The repurchase price per share ranged from HK$414.8 to HK$407.2. Since the repurchase authorization resolution, the cumulative number of repurchased securities was 0.211 billion shares, accounting for 2.238% of the number of shares issued when the ordinary resolution was passed. ② $AIA (01299.HK) $
KE to Engage Shenzhen Tencent Computer Systems for Cloud, Technical Services
KE Holdings-W (02423.HK) has entered into a Cloud Computing Service and technology service agreement with Tencent Computer.
Gelonghui announced on December 11 that KE Holdings (02423.HK) has signed a Cloud Computing Service and technology service framework agreement with Tencent Computer, which will be effective for three years from January 1, 2025, to December 31, 2027. According to the new Cloud Computing Service and technology service framework agreement, Tencent Computer (for itself and on behalf of the relevant Tencent Group) will provide cloud services and other technical services to the group.
KE Holdings-W (02423.HK) spent 4 million USD to repurchase 0.5845 million shares on December 10.
On December 11, Gelonghui reported that KE Holdings (02423.HK) announced it would spend 4 million USD to buy back 0.5845 million shares on December 10, 2024, with a repurchase price per share ranging from 6.68 to 6.95 USD.