KE Holdings (BEKE) Stock

I have a hold rating for KE Holdings as I look for more evidence of lasting demand growth in the Chinese property market. In the third quarter of 2024, BEKE's earnings were better than expected, showing a 12.5% year-on-year growth in gross transaction value and a 26.8% increase in revenue, even in a tough economic climate. There are encouraging signs in the market, such as a rise in transaction volumes in major cities and better consumer outlooks.

KE Holdings Inc. (NYSE:BEKE) will hold its Q3 2024 Earnings Conference Call on November 21, 2024, at 7:00 AM ET. The call will feature company representatives including Siting Li, the IR Director, and Stanley Peng, the Co-Founder, Chairman, and CEO. Participants from various financial institutions will also join the call to discuss the earnings results.

BEIJING, Nov. 21, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE: BEKE and HKEX: 2423), a top platform for housing transactions and services that combines online and offline methods, has released its unaudited financial results for the third quarter that ended on September 30, 2024.

KE Hodlings (BEKE) has formed a hammer chart pattern, suggesting that the stock has found support after a recent decline. Additionally, an increase in earnings estimate revisions may signal a potential trend reversal for the stock soon.

Ongoing hope for the future of the country's businesses kept increasing their demand, while growing tensions in other parts of the world also contributed to this trend.

KE Hodlings (BEKE) saw an increase in its share price during the last trading session, with trading volume higher than usual. However, the recent changes in earnings estimates for the stock do not indicate that this upward trend will continue in the future.

Investors interested in stocks from the Real Estate - Operations sector may want to look at KE Holdings Inc. Sponsored ADR (BEKE) or Zillow (Z). The question is, which of these two stocks offers a better value for investors at this moment?

KE Holdings announced solid results for the second quarter of 2024, with growth in gross transaction value (GTV) and net revenues, showing strength in a tough real estate market. New business areas such as home renovation, furnishing, and rental services performed well, balancing out the varied results from existing home transactions. With a strong financial position, an expanded share buyback program, and its current undervaluation, BEKE has the potential for over 50% growth, leading to a "buy" recommendation.

BEIJING, Aug. 12, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE: BEKE and HKEX: 2423), a top platform for housing transactions and services both online and offline, has announced that its board of directors has agreed to increase and extend its share repurchase program.