BEKE: Expect Better Performance In 4Q22 and 2023 Due To China Property Market Stimulation
BEKE will report 4Q22 results on March 16th before the markets open with an 8am ET conference call. We are positive on BEKE’s 2023 outlook and expect the company to deliver better-than-expected 4Q22 results. As an agency, BEKE’s stock price is strongly correlated with the Chinese government’s property policies, in our opinion. As we believe that the government is focused on driving economic growth in 2023, the real estate market, as the centerpiece of the economy in China, is likely to rebound.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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