$KE Holdings Inc.(BEKE)$ At breakout? @SPOT_ON have you got 👀 on?
KE Holdings
Overview: KE Holdings Inc. (NYSE: BEKE) operates an integrated online and offline platform for housing transactions and services in China, with a market cap of $24.18 billion.
Operations: The company's revenue segments include New Home Transaction Services (CN¥26.33 billion), Existing Home Transaction Services (CN¥25.42 billion), and Home Renovation and Furnishing (CN¥13.27 billion).
Estimated Discount To Fair Value: 32.5%
KE Holdings appears undervalued based on cash flows, trading at US$19.91, which is 32.5% below its estimated fair value of US$29.50. Despite recent impairment charges and a mixed earnings report for the first half of 2024, the company has shown robust revenue growth in Q2 2024 with CNY 23,370.43 million compared to CNY 19,483.92 million a year ago. Additionally, KE Holdings has increased its buyback authorization by $1 billion to $3 billion and extended the plan duration until August 31, 2025.
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Based on the analysis of KE Holdings Inc. (BEKE), here are the key points to consider:
Business Overview: KE Holdings Inc. operates an integrated online and offline platform for housing transactions and services in China. The company has revenue segments including New Home Transaction Services, Existing Home Transaction Services, and Home Renovation and Furnishing.
Undervalued Stock: KE Holdings appears undervalued, trading at $19.91, which is 32.5% below its estimated fair value of $29.50.
Revenue Growth: Despite recent impairment charges and a mixed earnings report for the first half of 2024, KE Holdings has shown robust revenue growth in Q2 2024 with CNY 23,370.43 million compared to CNY 19,483.92 million a year ago.
Share Buyback: KE Holdings has increased its buyback authorization by $1 billion to $3 billion and extended the plan duration until August 31, 2025.
Analyst Recommendations: The analyst recommendation for KE Holdings is 5 recommend, 13 buy, and 1 hold. The analyst target price estimates range from $19.00 to $30.00, with a mean target price of $21.84.
Capital Flow: The recent 5-day capital flow data shows mixed inflow and outflow, indicating some volatility in investor sentiment.
Support and Resistance Price: The support price for KE Holdings as of October 1st is $20.22, while the resistance price is not provided.
Earnings Forecast: The earnings forecast for KE Holdings shows expected growth in EPS, gross income, and forecasting EBIT for the years 2024, 2025, and 2026.
Please note that the above analysis provides insights into KE Holdings Inc. (BEKE) based on available data. It is essential to conduct further research and consult with a financial advisor before making any investment decisions.
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. Prices of stocks may fluctuate and may be affected by various factors such as market conditions, company performance, and investor sentiment.
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