New Street Research - KE Holdings Inc. Sponsored ADR Class A (BEKE) BEKE 3Q24 Results: Favorable Policy Measures to Drive Meaningful Sequential Recovery in 4Q

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New Street Research

Jin Yoon

BEKE 3Q24 Results: Favorable Policy Measures to Drive Meaningful Sequential Recovery in 4Q

What’s new: KE Holdings’ reported 3Q24 revs that were largely in line with consensus and our expectations. Transaction volume could see meaningful sequential recovery in 4Q mainly driven by favorable policy measures introduced since late Sep. We maintain our PT at USD26.

Analysts:
Jin Yoon

22/11/2024 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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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Analysts

Jin Yoon

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BEKE 3Q24 Results: Favorable Policy Measures to Drive Meaningful Sequential Recovery in 4Q

China Internet: 1H25 outlook shaped by implications of fiscal stimuli and US tariffs.

Greater China Daily: Friday, November 22, 2024

OpenAI: o3 is a game changer - a few steps away from AG. After the $1bn-to-train model, the $1m-inference model.

Airtel Africa (Buy, TP: GBp200, +85%) Second share buyback program

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

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