Movement Alert|KE Holdings Rises 3.67% in Regular Trading, Sustained Buybacks and Share Cancellation Signal Management Confidence

Market Focus06-12

On June 12, KE Holdings (02423.HK) rose 3.67% in regular trading, trading at HK$43.56/share, with turnover of HK$107 million, rebounding from a recent pullback that saw shares retreat from above HK$45 in early June.

On the news front, the company has maintained an aggressive buyback program across both the Hong Kong and U.S. markets. On June 10, it repurchased approximately 743,900 shares on the NYSE for about US$3.99 million, following a US$4 million buyback of 743,100 shares on June 8. Additionally, the company cancelled 31.34 million previously repurchased A-class shares on June 8, involving approximately US$168 million. In total, the company has repurchased over 162.67 million shares under its current authorization, representing 4.516% of issued capital. Meanwhile, Q1 net profit grew 46.7% year-over-year, and the real estate services sector showed broad strength, with peer E-House Enterprise surging 18.18%.

(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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