Movement Alert|BEKE-W Rises 3.83% in Regular Trading, H1 Net Profit Surges 79.5% YoY Beating Expectations

Market Focus08-24

On August 24, BEKE-W rose 3.83% in regular trading, trading at 46.74 HKD/share, with turnover of approximately 83.8 million HKD.

On the news front, the company disclosed its interim results after market on August 21. H1 net profit reached 3.879 billion yuan, surging 79.5% year-over-year, while Q2 adjusted net profit of 3.185 billion yuan grew 74.9% YoY, significantly exceeding the prior consensus estimate of 43.78% growth. Although H1 total revenue declined 12% to 43.4 billion yuan, profitability improved markedly, with gross margin rising from 21.9% to 28.6% in Q2 and operating margin jumping from 3.3% to 9.9%. The company has been actively repurchasing shares since early August and cancelled approximately 26.68 million shares on August 14, representing 0.77% of issued capital. Additionally, CLSA recently initiated coverage with an Outperform rating and a target price of 61 HKD, citing a projected earnings CAGR of 27% for FY2025-2028.

(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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