New Street Research - KE Holdings Inc. Sponsored ADR Class A (BEKE) BEKE 4Q23 Results: Transaction Volume Could be Under Pressure in 1Q

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New Street Research

Jin Yoon

BEKE 4Q23 Results: Transaction Volume Could be Under Pressure in 1Q

What’s new: KE Holdings’ results beat consensus and our expectations. Housing transaction volume could be under pressure in 1Q partly due to tougher comps. However, volume has started to recover in recent weeks – which may continue in the succeeding months amid further supportive policies from the government. We maintain our PT at USD 22.

Analysts:
Jin Yoon

15/03/2024 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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Analysts

Jin Yoon

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BEKE 4Q23 Results: Transaction Volume Could be Under Pressure in 1Q

KE Holdings Inc (Beike) (2423 HK): 1Q24 results preview: Lacklustre momentum; policy support to revitalise growth in 2Q24. Upgrade to BUY.

Greater China Daily: Thursday, May 16, 2024

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Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

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