Movement Alert|KE Holdings Rises 3.27% in Regular Trading, Sustained Buybacks and Broker Buy Ratings Boost Confidence

Market Focus06-02

On June 2, KE Holdings (Beike) rose 3.27% in regular trading, trading at HK$45.44/share, with trading volume of HK$86.49 million.

On the news front, the company has been conducting large-scale share repurchases across both the Hong Kong and New York exchanges. As of the latest disclosure, the company has cumulatively repurchased approximately 158.84 million shares, representing 4.41% of the total authorized repurchase amount of 360.22 million shares. In late May alone, the company executed multiple buybacks totaling approximately US$4 million per NYSE transaction and around HK$15 million per HKEX transaction.

Meanwhile, Long Wall Securities initiated coverage with a Buy rating, forecasting net profit attributable to shareholders to grow 48.9% year-over-year, implying a PE of approximately 20.7x. CITIC Construction Investment also maintained its Buy rating, noting that transaction volumes in core cities such as Shanghai are warming significantly, potentially supporting a Q2 business recovery.

In Q1, the company reported net profit of RMB 1.255 billion, up 46.7% year-over-year, despite a 19% decline in net revenue, demonstrating that its efficiency-driven growth strategy continues to deliver 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.)

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