Report

BZ 1Q24 Results: Volume Recovery on Track

What’s new: KE Holdings’ reported 1Q24 revs that were largely in-line with consensus and our expectations. Transaction volume could continue to see recovery where existing homes GTV could return to YoY growth in 2Q. New homes GTV could also see meaningful rebound on a sequential basis. We maintain our PT at USD 22.

Analysts:
Jin Yoon
Underlying
KE Holdings Inc. Sponsored ADR Class A

Provider
New Street Research
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.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
  • Global healthcare thematic research

We provide debt research on:

  • Pan European Telecom Services and Cable


Analysts
Jin Yoon

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