New Street Research - KE Holdings Inc. Sponsored ADR Class A (BEKE) BEKE 1Q25 Results: Uncertainties in the Housing Recovery Trend

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New Street Research

Jin Yoon

BEKE 1Q25 Results: Uncertainties in the Housing Recovery Trend

What’s new: KE Holdings’ reported 1Q25 results that were above consensus and our expectations. While housing transaction volume (existing and new homes) continues to grow QTD, recovery trend remains uncertain. Furthermore, existing homes transaction volume could also face tougher comps in Jun. We maintain our PT at USD26.

Analysts:
Jin Yoon

16/05/2025 1 EN

Underlying

KE Holdings Inc. Sponsored ADR Class A

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US4824971042 New York Stock Exchange Cayman Islands

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Analysts

Jin Yoon

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BEKE 1Q25 Results: Uncertainties in the Housing Recovery Trend

KE Holdings Inc (2423 HK): 1Q25: Solid earnings beat with AI integration; momentum to moderate in 2Q25.

Greater China Daily: Friday, May 16, 2025

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