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) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Lingering optimism about the future of the country's enterprises continued to drive demand for them higher; rising tensions elsewhere in the world also played a role.

KE Hodlings (BEKE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Investors looking for stocks in the Real Estate - Operations sector might want to consider either KE Holdings Inc. Sponsored ADR (BEKE) or Zillow (Z). But which of these two stocks presents investors with the better value opportunity right now?

KE Holdings reported strong Q2 2024 results, with GTV and net revenues increasing, demonstrating resilience in a challenging real estate market. Net revenues from new businesses like home renovation and furnishing, and home rental services showed impressive growth, offsetting mixed results from existing home transaction services. BEKE's strong balance sheet, increased share repurchase program, and undervalued current level indicate potential for over 50% upside, maintaining a "buy" rating.

BEIJING, Aug. 12, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that its board of directors has approved the upsizing and extension of its share repurchase program.