Movement Alert|BEKE-W Rises 3.32% in Regular Trading, Funds Flow Back After Multiple Banks Raise Target Prices

Market Focus08-26 09:35

On August 26, BEKE-W rose 3.32% in regular trading, trading at 47.66 HKD/share, with turnover of approximately 26.62 million HKD. The stock rebounded after falling over 3% in the prior session due to profit-taking following strong earnings.

On the news front, BEKE-W reported Q2 adjusted net profit of 3.185 billion yuan, up 74.9% year-over-year, significantly beating consensus expectations of 43.78% growth. Gross margin rose to 28.6%, a three-year high, while operating margin surged from 3.3% to 9.9%. Multiple major investment banks subsequently raised target prices — Goldman Sachs lifted its target to 63 HKD citing earnings strength across all profitability metrics, while Citi raised its target to 75.4 HKD, reaffirming the stock as a top pick. Additionally, the company repurchased approximately $450 million in shares during H1 and cancelled roughly 26.68 million shares on August 14, signaling management confidence in the company's valuation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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