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KE Holdings Newsroom
"Big Actions" Nomura: Vanke (02202.HK) restructuring its management is a milestone that may end the three-year liquidity crisis in the Industry.
Nomura released a research report indicating that Vanke (02202.HK) has been viewed by the market as one of the leading enterprises in China's Real Estate Industry. However, during the market downturn, Vanke's mixed ownership structure has led investors to doubt its financial stability. The recent major changes in management and record losses both indicate that the government will take more proactive measures to address Vanke's liquidity issues. Potential measures include disposing of existing Assets and support for Refinancing from State Owned Enterprise Shareholders. If Vanke can gradually restore contract sales growth and improve its Operation with government support in the coming months, Nomura believes that this management change is, in fact,
KE Holdings Inc.'s (NYSE:BEKE) Intrinsic Value Is Potentially 66% Above Its Share Price
Shares of US-listed Chinese Stocks Are Trading Higher Amid AI Competition From China's DeepSeek.
Minsheng Securities: Initiated a "recommendation" rating for KE Holdings-W (02423). The company's basic business is stable and its platform advantages are significant.
The first recommendation for KE Holdings-W (02423) is a "Recommendation" rating, as the company is a leading platform in the domestic real estate brokerage industry, with significant platform advantages.
On January 24, a repurchase collection was made | HSBC Holdings, COSCO Shipping Holdings, and others repurchased shares, among which HSBC Holdings spent 0.18 billion Hong Kong dollars.
According to a document disclosed by HKEX on January 27, both $HSBC Holdings (00005.HK)$ and $COSCO Shipping Holdings (01919.HK)$ repurchased shares. ① On January 23, $HSBC Holdings (00005.HK)$ repurchased 2.28 million ordinary shares at an amount of 0.18 billion Hong Kong dollars, with a repurchase price ranging from 79.2 HKD to 78.35 HKD per share. ② On January 24, $COSCO Shipping Holdings (01919.HK)$ repurchased 10.052 million Listed in Hong Kong shares at an amount of 0.118 billion Hong Kong dollars, with a repurchase price ranging from 11.76 HKD to 11.66 HKD per share.
[Brokerage Focus] Minsheng Securities initially gave KE Holdings (02423) a "Recommended" rating, stating that its fundamental Business is stable and has formed its own platform advantages.
Jinwu Financial News | Minsheng Securities research pointed out that from 2019 to 2023, KE Holdings (02423) revenue increased from 46 billion yuan to 77.8 billion yuan, with a CAGR of about 14%. In Q3 2024, the company's revenue was 62.3 billion yuan, a year-on-year increase of 8.3%. In terms of net income, KE Holdings turned a profit in 2023, achieving a net income of 5.9 billion yuan, with a Non-GAAP net income of 9.8 billion yuan. In Q1-3 of 2024, the company's net income was approximately 3.5 billion yuan, with a Non-GAAP net income of about 5.9 billion yuan. The institution noted that as of Q3 2024, the KE Holdings platform had over 0.048 million stores and brokers.
KE Holdings-W (02423.HK) spent 5 million USD to repurchase 0.881 million shares on January 24.
Gelonghui, January 27th丨KE Holdings-W (02423.HK) announced that on January 24, 2025, it spent 5 million USD to repurchase 0.881 million shares, with the repurchase price per share ranging from 5.63 to 5.74 USD.
KE Holdings-W (2423.HK): The strongest intermediary's breakout and return.
KE Holdings is a leading domestic Real Estate trading and service platform. KE Holdings originated from the Lianjia Real Estate Agency established in 2001, and in 2018, KE Holdings was officially launched, relying on China's largest authentic housing source database.
KE Holdings-W (02423.HK) spent 5 million USD to repurchase 0.91 million shares on January 23.
On January 24, Gelonghui reported that KE Holdings (02423.HK) announced the repurchase of 910,000 shares at a cost of 5 million USD on January 23, 2025, with a repurchase price of 5.43-5.55 USD per share.
Express News | Chinese concept stocks in the night session collectively rose, with Kingsoft Cloud up over 8%.
Buyback collection on January 23 | AIA, HSBC Holdings, and others have conducted buybacks, with AIA spending 0.165 billion HKD.
According to a document disclosed by HKEX on January 24, both $AIA(01299.HK)$ and $HSBC Holdings(00005.HK)$ repurchased shares. ① $AIA(01299.HK)$ repurchased 3.043 million ordinary shares on January 23, involving an amount of 0.165 billion Hong Kong dollars, with a repurchase price ranging from 55.1 Hong Kong dollars to 53.9 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.492 billion shares, accounting for 4.381% of the number of shares issued at the time the ordinary resolution was passed. ② $HSBC Holdings(00005.HK)$ repurchased 1
KE Holdings-W (02423.HK) spent 5 million USD to repurchase 0.883 million shares on January 22.
Gelonghui reported on January 23 that KE Holdings-W (02423.HK) announced the repurchase of 0.883 million shares on January 22, 2025, at a cost of 5 million USD, with a repurchase price ranging from 5.57 to 5.71 USD per share.
UBS Group's investment ratings and Target Price for property and property management stocks (table).
UBS Group published a research report, listing the latest investment ratings and target prices for domestic property management stocks and related service providers as follows: Stock | Investment Rating | Target Price (HKD) CHINA RES LAND (01109.HK) | Buy | 42 HKD -> 37 HKD CHINA OVERSEAS (00688.HK) | Neutral | 12.5 HKD LONGFOR GROUP (00960.HK) | Neutral | 11 HKD -> 10.3 HKD CHINA VANKE (02202.HK) | Sell | 2.6 HKD C&D INTL GROUP (01908.HK) | Neutral |
UBS Group expects that last year's profitability in the domestic real estate and property management sectors still faces pressure, lowering the Target Price for Sunac (01109.HK), Longfor (00960.HK), and KE Holdings (02423.HK).
UBS Group released Research Reports, predicting that in 2024, profits for mainland Real Estate Developers will decline by 27% year-on-year, worsening from a 22% drop projected for the first half of 2024, mainly affected by the decline in mainland housing prices in the third quarter of last year. Specifically, the bank predicts that the smallest profit decline last year will be for CHINA RES LAND (01109.HK), estimated to drop 2% year-on-year, followed by GREENTOWN CHINA (03900.HK), YUEXIU PROPERTY (00123.HK), China Overseas (00688.HK), and Longfor (00960.HK), with profit decline forecasts of 8% and 18% respectively.
January 22 buyback collective | COSCO Shipping Holdings, AIA and others have successively repurchased, among which COSCO Shipping Holdings spent 0.116 billion Hong Kong dollars.
According to the disclosure document from HKEX on January 23, COSCO Shipping Holdings (01919.HK), AIA (01299.HK), and others have repurchased shares. ① COSCO Shipping Holdings (01919.HK) repurchased 10.0785 million H shares on January 22, involving an amount of 0.116 billion HKD, with a repurchase price ranging from 11.56 HKD to 11.4 HKD per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities has been 0.135 billion shares, accounting for 4.225% of the shares issued at the time the ordinary resolution was passed. ② AIA (01299.HK)
KE Holdings-W (02423.HK) spent 5.0035 million USD to repurchase 0.8711 million shares on January 21.
Gelonghui, January 22 - KE Holdings (02423.HK) announced that on January 21, 2025, it spent $5.0035 million to repurchase 0.8711 million shares, with a repurchase price ranging from $5.65 to $5.98 per share.
Nomura on "Da Hang": The profitability of domestic real estate further deteriorated last year, downgrading Longhu (00960.HK) to "Neutral".
Nomura published a research report indicating that the earnings of major domestic property developers are expected to further deteriorate last year. Due to the low profit property projects' income recognition, and developers recording loss provisions on projects due to discounted selling prices, the core profits of domestic properties will decrease significantly year-on-year. The firm expects that CHINA RES LAND (01109.HK) will see its core profit drop by 8% year-on-year, China Overseas (00688.HK) will see a 28% drop in core profit, and Longfor (00960.HK) will drop by 38%. Nomura downgraded Longfor's rating from 'Buy' to 'Neutral,' and lowered the Target Price from 11.8 yuan to 9.8 yuan; it maintains recommendations for CHINA.
Fitch Ratings: The domestic real estate Industry is still plagued by structural stubborn issues, and there is still room for further decline in housing prices.
Fitch Ratings Senior Director and Real Estate Ratings Head in China, Jin Tailun, stated that the agency expects the operating environment for Chinese real estate companies to remain under pressure this year. Fitch predicts that, constrained by a decline in both total transaction area and average selling price (down 10% and 5% respectively), the total sales revenue of China's newly built Commodity Residence market will decrease by 15% by 2025, to about 7.3 trillion yuan. A series of policy measures launched by the government have somewhat boosted market sentiment in the real estate sector recently, but given the high inventory, sluggish employment environment, and relatively low homebuyers' purchasing capacity, there remains significant uncertainty regarding the sector's long-term improvement.
KE Holdings (02423) rose by 5.51% and is expected to enter the market in early March. Institutions anticipate that the Real Estate market will see some recovery after the Spring Festival.
Jinwu Financial News | KE Holdings (02423) is experiencing strong fluctuations, with a 5.51% increase as of the time of writing, trading at HKD 46.9, with a trading volume of HKD 0.128 billion. According to news reports, CICC stated that KE Holdings returned to dual primary listing on the Hong Kong Stock Exchange in mid-2022 and is currently a constituent of the Hang Seng Composite Index large-cap stocks. Due to the nature of Weighted Voting Right Stocks, inclusion in Stock Connect requires additional conditions: 1) Listing for at least 6 months and 20 trading days; 2) Average Market Cap not less than HKD 20 billion and trading volume not less than HKD 6 billion over the 183 days before the assessment date, among other requirements. The bank estimates until December 31, 2024.
Goldman Sachs' latest ratings and Target Prices for Chinese internet stocks (table)
Goldman Sachs released a report, updating the latest ratings and Target Prices for some Chinese internet stocks: Stock │ Investment Rating │ Target Price Alibaba (BABA.US) │ Buy │ $134 -> $117 Alibaba (09988.HK) │ Buy │ HK$131 -> HK$114 ALI HEALTH (00241.HK) │ Neutral │ HK$4 Autohome (ATHM.US) │ Neutral │ $28.3 Baidu (BIDU.US) │ Buy │ $101 Baidu (09888.HK) │ Buy │ HK$99 Bilibili (BILI.US) │ Buy │ $22