reports
KE Holdings Inc. Files Its Annual Report on Form 20-F
KE Holdings Inc. Files Its Annual Report on Form 20-F BEIJING, April 26, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on April 26, 2024. The annual report can be accessed on the Company’s investor relations website at . The Company will provide a hard copy of its annual report containing the audited consol...
KE Holdings Inc. Releases 2023 Environmental, Social and Governance Re...
KE Holdings Inc. Releases 2023 Environmental, Social and Governance Report BEIJING, April 26, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today released its 2023 Environmental, Social and Governance report (the “2023 ESG report”), highlighting Beike’s commitment to sustainability under its corporate mission of “admirable service, joyful living,” and the guiding principle of “being virtuous while seeking growth.” Mr. Stanley Yongdong Peng, Co-founde...
KE Holdings Inc. to Hold Annual General Meeting on June 14, 2024
KE Holdings Inc. to Hold Annual General Meeting on June 14, 2024 BEIJING, April 26, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it will hold an annual general meeting of the Company’s shareholders (the “AGM”) at 10:00 a.m. Beijing time on Friday, June 14, 2024 at Oriental Electronic Technology Building, No. 2 Chuangye Road, Haidian District, Beijing, PRC, for the purposes of considering and, if thought fit, passing each of the Prop...
- Julia Pan Mengyao
- Ming San Soong
China Internet: Rewarding shareholders in 2023; emerging strategic gro...
Given the stabilising revenue growth and abundant cash on hand, mega-cap internet companies have been focusing on offering generous shareholder returns. For 2024, we expect consumption behaviour to switch to service and experience, which will continue to benefit OTA players. We believe other China internet names will outperform with overseas expansion and SFV players will continue to gain market shares with potential for take rate increases. Maintain MARKET WEIGHT.
JD JD.COM INC. SPONSORED ADR CLASS A
K3SD BAIDU INC SPONSORED ADR CLASS A
A117ME ALIBABA GROUP HOLDING LTD. SPONSORED ADR
3K1 KINGSOFT CORP. LTD.
00700 TENCENT HOLDINGS LTD.
PDD PINDUODUO INC. SPONSORED ADR CLASS A
03690 MEITUAN CLASS B
00780 TONGCHENG-ELONG HOLDINGS LIMITED
TCOM TRIP.COM GROUP LTD. SPONSORED ADR
BEKE KE HOLDINGS INC. SPONSORED ADR CLASS A
09988 ALIBABA GROUP HOLDING LTD.
09999 NETEASE INC
09618 JD.COM INC. CLASS A
01024 KUAISHOU TECHNOLOGY CLASS B
09888 PINDUODUO PDD US
02423 BAIDU INC
09961 KE HOLDINGS INC.
CTRIP.COM INTERNATIONAL
- 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
- Julia Pan Mengyao
- Ming San Soong
KE Holdings Inc (2423 HK): 4Q23: Strong top-line beat; expecting lukew...
Beike’s 4Q23 earnings came in above expectations. 4Q23 revenue rose 21% yoy to Rmb20.2b, 7.5% above consensus estimate. Non-GAAP net profit improved 10% yoy to Rmb1.7b due to increased operational efficiency, well above consensus estimate. Non- GAAP net margin contracted 1ppt yoy to 8.5% in 4Q23. Beike guided for 1Q24 revenue to remain under pressure at Rmb15.5b-16.0b, representing a decline of 21-24% yoy, 6% lower than consensus’. Downgrade to HOLD with a target price of HK$39.00 (US$15.00).
- Bella Lu Yifei
- Greater China Research Team
- Julia Pan Mengyao
- Ken Lee
- Kenny Yong Hui Lim
- Ming San Soong
Greater China Daily: Friday, March 15, 2024
KEY HIGHLIGHTS Sector Automobile Weekly: PEV market share hits record of 48% on price slashes. Maintain UNDERWEIGHT. Top SELL: XPeng. Top BUYs: CATL, Tuopu and Desay SV. Results AIA Group (1299 HK/BUY/ HK$62.25/Target: HK$101.00) 2023: Delivering strong VONB growth. KE Holdings Inc (2423 HK/HOLD/HK$37.95/Target: HK$39.00) 4Q23: Strong top-line beat; expecting lukewarm recovery in 1Q24. Downgrade to HOLD. TRADERS’ CORNER China Overseas Land & Investment (688 HK): Trading Buy range: HK$11.00-...
KE Holdings Inc. Announces a Final Cash Dividend of US$0.4 Billion in ...
KE Holdings Inc. Announces a Final Cash Dividend of US$0.4 Billion in Aggregate BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that its board of directors (the “Board”) approved a final cash dividend (the “Dividend”) of US$0.117 per ordinary share, or US$0.351 per ADS, to holders of ordinary shares and holders of ADSs of record as of the close of business on April 5, 2024, Beijing/Hong Kong Time and New York Time, res...
KE Holdings Inc. Announces Fourth Quarter and Fiscal Year 2023 Unaudit...
KE Holdings Inc. Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results and a Final Cash Dividend BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 and a final cash dividend. Business and Financial Highlights for the Fourth Quarter and Fiscal Year 2023 Gross transaction value (GTV)1 in 2023 was ...
- Julia Pan Mengyao
- Ming San Soong
KE Holdings Inc (2423 HK): 4Q23 results preview: Solid top-line growth...
Beike will report its 4Q23 results on 14 Mar 24. We expect 4Q23 results to be solid and forecast revenue to grow 15% yoy to Rmb19.2b. Non-GAAP net profit should increase 8% yoy to Rmb1.7b despite heightened investment in the home renovation segment, translating to non-GAAP net margin of 8.7% in 4Q23 (4Q22: 9.3%). We think Beike’s 1H24 outlook will be pressured by the challenging property market. Maintain BUY with a slightly lower target price of HK$39.00 (US$15.00).
- Ceilica Su Rui
- Greater China Research Team
- Julia Pan Mengyao
- Ming San Soong
- Roy Chen Chengzhi
- Tham Mun Hon
Greater China Daily: Tuesday, March 12, 2024
KEY HIGHLIGHTS Economics Two Sessions 2024 Pushing for high tech and quality-driven growth. Sector Shipping and Ports Gradually improving global trade outlook. Maintain MARKET WEIGHT with CSP (1199 HK/BUY/Target: HK$6.42) remaining our top pick. Update KE Holdings Inc (2423 HK/BUY/HK$33.40/Target: HK$39.00) 4Q23 results preview: Solid top-line growth amid vague recovery visibility. TRADERS’ CORNER GDS Holdings Limited (9698 HK): Trading Buy range: HK$7.00-7.40 Haidilao International Holding...
- Tian Hou
BEKE Positive On BEKE’s 4Q23 Earnings, But China’s Property Market Rem...
BEKE will report 4Q23 results on March 14th before the markets open with an 8am ET conference call. We are positive on the company’s 4Q23 earnings but neutral on 1Q24 and its long-term outlook. Based on our data and assumptions, BEKE revenue is likely to increase 13.9% Y/Y to RMB19.07B in 4Q23E, slightly better than consensus at RMB18.8B. However, 1Q24 consensus revenue seems to be aggressive.
KE Holdings Inc. to Report Fourth Quarter and Fiscal Year 2023 Financi...
KE Holdings Inc. to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 14, 2024 Eastern Time BEIJING, March 04, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year 2023 before the U.S. market opens on Thursday, March 14, 2024. The Company’s management will hold an earnings conference call at 8:00 A.M. Eastern Time on Thursday, March ...
KE Holdings Inc. Announces Carbon Neutrality Goal by 2030
KE Holdings Inc. Announces Carbon Neutrality Goal by 2030 BEIJING, Dec. 15, 2023 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it has released its 2023 Beike Carbon Neutrality Target and Action Roadmap Report (the “Report”), outlining the Company’s commitments and initiatives towards achieving carbon neutrality in its own operations by 2030. Mr. Stanley Yongdong Peng, Co-founder, Chairman of the Board and Chief Executive Officer of Be...
KE Holdings Inc. Announces Third Quarter 2023 Unaudited Financial Resu...
KE Holdings Inc. Announces Third Quarter 2023 Unaudited Financial Results BEIJING, Nov. 08, 2023 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced its unaudited financial results for the third quarter ended September 30, 2023. Business and Financial Highlights for the Third Quarter of 2023 Gross transaction value (GTV)1 was RMB655.2 billion (US$89.8 billion), a decrease of 11.1% year-over-year. GTV of existing home transactions was RMB439.0 b...
- Tian Hou
BEKE: Positive On 3Q23 Earnings But Neutral On Grim Outlook Of China’s...
BEKE will report 3Q23 results on November 8th before the markets open with a 7am ET conference call. We are positive on its 3Q23 earnings, but we are neutral on its long-term outlook. Based on our data and assumptions, BEKE revenue is likely to increase 45.6% Y/Y to RMB17.8B in 3Q23E, slightly better than consensus at RMB17.5B. However, 4Q23 revenue consensus seems to be high as the company may have to lower its monetization rates.
KE Holdings Inc. to Report Third Quarter 2023 Financial Results on Nov...
KE Holdings Inc. to Report Third Quarter 2023 Financial Results on November 8, 2023 Eastern Time BEIJING, Oct. 27, 2023 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it will report its unaudited financial results for the third quarter of 2023 before the U.S. market opens on Wednesday, November 8, 2023. The Company’s management will hold an earnings conference call at 7:00 A.M. Eastern Time on Wednesday, November 8, 2023 (8:00 P.M. Beijin...
KE Holdings Inc. Announces Upsizing and Extension of Share Repurchase ...
KE Holdings Inc. Announces Upsizing and Extension of Share Repurchase Program and a Special Cash Dividend BEIJING, Aug. 31, 2023 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that its board of directors has approved the upsizing and extension of its share repurchase program and the declaration of a special cash dividend. Upsizing and Extension of Share Repurchase Program As previously disclosed, in August 2022, the Company established a s...
KE Holdings Inc. Announces Second Quarter 2023 Unaudited Financial Res...
KE Holdings Inc. Announces Second Quarter 2023 Unaudited Financial Results, Upsizing and Extension of Share Repurchase Program and a Special Cash Dividend BEIJING, Aug. 31, 2023 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced its unaudited financial results for the second quarter ended June 30, 2023, upsizing and extension of the share repurchase program and a special cash dividend. Business and Financial Highlights for the Second Quarter ...
KE Holdings Inc. to Report Second Quarter 2023 Financial Results on Au...
KE Holdings Inc. to Report Second Quarter 2023 Financial Results on August 31, 2023 Eastern Time BEIJING, Aug. 21, 2023 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it will report its unaudited financial results for the second quarter of 2023 before the U.S. market opens on Thursday, August 31, 2023. The Company’s management will hold an earnings conference call at 8:00 A.M. Eastern Time on Thursday, August 31, 2023 (8:00 P.M. Beijing...
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