Movement Alert|BEKE-W Rises 3.13% in Regular Trading, Interim Results Review and Earnings Call Held Today With New Buy Rating

Market Focus08-21

On August 21, BEKE-W rose 3.13% in regular trading, trading at HKD 45.48/share, with turnover of HKD 199 million.

On the news front, the company's board convened on August 21 to review and approve unaudited financial results for the three and six months ended June 30, with management hosting an earnings call the same day. Market consensus expects Q2 adjusted EPS of RMB 0.75, representing a 43.78% year-over-year increase, while EBIT is projected to surge 60.42% YoY to RMB 2.975 billion. Revenue is expected at RMB 24.612 billion, down 5.64% YoY, though profitability improvement remains the key focus.

Additionally, CLSA recently initiated coverage with an Outperform rating and a target price of HKD 61, implying approximately 33% upside. The broker forecasts a 27% compound annual earnings growth rate for fiscal years 2025-2028, citing housing market normalization and resilient secondary transactions. The company has also been actively repurchasing shares on the NYSE throughout August, cancelling approximately 26.68 million shares on August 14, representing 0.77% of issued share capital, signaling management confidence in intrinsic value.

(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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