Movement Alert｜BEKE-W Rises 3.27% in Regular Trading, CCTV Highlights Sincere Selling Model as Key City Resale Volumes Strengthen

On September 4, BEKE-W rose 3.27% in regular trading, reaching HK$48.18 per share, with turnover of approximately HK$49.73 million.

On the news front, CCTV Finance recently spotlighted BEKE's innovative second-hand housing transaction model known as \"Sincere Selling\" in Beijing and Shanghai. In Beijing, the model has completed over 100 transactions and now covers the entire city, while Shanghai recorded its first deal on the launch day. The model leverages an online bidding mechanism to improve price consensus between buyers and sellers.

Meanwhile, August resale transaction data across Beijing, Shanghai, and Shenzhen showed collective strength. Beijing posted its sixth consecutive month of year-over-year growth, Shanghai hit a five-year high for the same period, and BEKE's partnered stores in Shenzhen recorded a 12% month-over-month increase in signed resale volumes. These data points reinforce the recovery momentum in core-city secondary housing markets.

The company also continues its steady buyback program, repurchasing approximately US$2 million in shares daily on the NYSE, with cumulative repurchases reaching around 30.63 million shares under its current authorization. Multiple brokerages, including Citi and Goldman Sachs, recently raised their target prices following strong Q2 results.

(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.)