Why KE Holdings Stock Popped Today

Like
Comment
Favorite

Why KE Holdings Stock Popped Today

Motley Fool2023-08-31

What happenedShares of KE Holdings (BEKE 9.83%) -- also known as Beike -- closed up around 9.8% on Thursday after the China-based housing transaction and services platform announced strong second-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2364424824?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F746207%2Fstock-chart-arrows-going-up.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2023-08-31 16:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2364424824","market":"us","top_or_hot":-1,"title":"Why KE Holdings Stock Popped Today","media":"Motley Fool","content":"<div>\n<p>What happenedShares of KE Holdings (BEKE 9.83%) -- also known as Beike -- closed up around 9.8% on Thursday after the China-based housing transaction and services platform announced strong second-...</p>\n\n<a href=\"https://www.fool.com/investing/2023/08/31/why-ke-holdings-stock-popped-today/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why KE Holdings Stock Popped Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy KE Holdings Stock Popped Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-31 16:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/08/31/why-ke-holdings-stock-popped-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedShares of KE Holdings (BEKE 9.83%) -- also known as Beike -- closed up around 9.8% on Thursday after the China-based housing transaction and services platform announced strong second-...</p>\n\n<a href=\"https://www.fool.com/investing/2023/08/31/why-ke-holdings-stock-popped-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4145","symbol_name":"电子制造服务","start_time":0,"source_url":"https://www.fool.com/investing/2023/08/31/why-ke-holdings-stock-popped-today/","article_id":"2364424824","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F746207%2Fstock-chart-arrows-going-up.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2364424824","pubTimestamp":1693470960,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"KE Holdings delivered solid second-quarter earnings and bolstered capital-returns initiatives as the Chinese housing market rebounded.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4145":"电子制造服务","KE":"Kimball Electronics, Inc."},"translate_title":"为什么科控股的股票今天会上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KE":1},"content_text":"What happenedShares of KE Holdings (BEKE 9.83%) -- also known as Beike -- closed up around 9.8% on Thursday after the China-based housing transaction and services platform announced strong second-quarter 2023 earnings, doubled its share-repurchase authorization, and announced a special dividend.Quarterly net revenue climbed 41.4% year over year to $2.687 billion. That translated to adjusted (non-GAAP) net income of $326 million, or $0.27 per American depositary share (ADS), swinging from a loss of $0.07 per ADS in the same year-ago period. Analysts, on average, were expecting higher revenue of $2.73 billion but significantly lower adjusted earnings of $0.19 per ADS. So whatDigging deeper into its results, Beike saw a 7.6% increase in its number of active agents to 409,054 and an 11.6% increase in the number of mobile monthly active users to 48 million.Beike Chairman and CEO Stanley Yongdong Peng credited the significant improvement in its financial results to a recovery of China's real estate and residential markets in the first half of the year, as well as cost reductions and the company's focus on retaining service providers during the correction.\"Consumer demand in the residential services sector has largely pivoted from 'home purchase' to 'better living,'\" he added.Now whatLooking to the current third quarter of 2023, Beike expects revenue of between $2.1 billion and $2.2 billion, or a decrease in the range of 9.1% to 11.9% year over year. In this case, most analysts were modeling growth of 3.4%.At the same time, however, the company also doubled the size of its share-repurchase program to $2 billion and extended the authorization to be valid through Aug. 31, 2024. In addition, Beike's Board of Directors approved a modest special cash dividend of $0.171 per ADS, payable to ADS holders of record on or around Oct. 3, 2023.In any case, though Wall Street obviously expected higher revenues both in Q2 and for Q3 guidance, it seems the market is celebrating the continued rebound in the Chinese housing market amid concerns over a broader macroslowdown in the country. Coupled with its boosted capital-returns initiatives, improved efficiency, and the fact shares were down around 10% over the past year leading into this report, it's not terribly surprising to see KE Holdings stock rebounding today.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}