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BEKE-W Opens 6.9% Higher as Brokers Say 1Q Profit Well Above Forecast
BEKE-W (02423.HK) reported a 15.7% YoY elevation in 1Q26 non-GAAP net profit to RMB1.61 billion, with gross margin reaching a seven-quarter peak. The stock opened 6.85% higher toda...
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BEKE-W Opens 6.9% Higher as Brokers Say 1Q Profit Well Above Forecast
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BEKE-W (02423.HK)  -0.700 (-1.524%)    Short selling $200.09M; Ratio 20.839%   reported a 15.7% YoY elevation in 1Q26 non-GAAP net profit to RMB1.61 billion, with gross margin reaching a seven-quarter peak. The stock opened 6.85% higher today and once peaked at HKD49. It last posted at HKD48, up 5.31%, with turnover of 2.8829 million shares, involving HKD140 million.

The latest broker ratings, TPs and views on BEKE-W (02423.HK)  -0.700 (-1.524%)    Short selling $200.09M; Ratio 20.839%   KE Holdings Inc (BEKE.US)      are as follows:

Related NewsBEKE-W 1Q Non-GAAP Net Profit Up 15.7% to RMB1.61B; Gross Margin Hits 7-Quarter High
Brokers | Ratings | TPs | Key Views

Citi | Buy | HKD68.0 -> 73.6/ USD24.4 -> 26.4
Margins improved across the board in 1Q26. April's secondary home transaction volume hit a record high with positive operating leverage. In the long term, the company is expected to transform into a comprehensive service platform covering the entire housing purchase decision cycle.

Goldman Sachs | Buy | HKD55 -> 59/ USD21 -> 23
1Q26 earnings beat expectations on improved margins, adjusted operating margin and net margin. The broker was positive on EPS growth potential driven by a total transaction value inflection point and operating efficiency improvement in 2Q26.

JP Morgan | Overweight | HKD47/ USD18
1Q26 results beat forecasts, demonstrating strong cost optimization capability during market downturns. Adjusted operating margin reached a seven-quarter high. New businesses such as housing rental and home renovation continued to expand in scale and profitability.

Daiwa | Outperform | ---
1Q26 revenue met expectations, while significant expansion in gross margin and operating margin drove earnings above forecasts. The broker expected further structural margin improvement from operating optimization in 2Q26.

BofA Securities | Buy | USD21-> 23
1Q26 profit exceeded expectations, with gross margin expansion across all business segments. Management is confident in structural margin expansion driven by improvements in operating quality, resource allocation and labor productivity.

UBS | Buy | USD23
1Q26 adjusted net profit significantly beat market expectations. Total transaction value and revenue both exceeded forecasts, while commission rates for secondary housing and rental businesses increased, reflecting stronger pricing power.

Jefferies | Buy | USD19 -> 22
1Q26 non-GAAP profit beat. The company repurchased shares and committed to shareholder returns. Strong execution in the new stage of industry development is expected to capture long-term broker service value.

Morgan Stanley | Overweight | USD20
1Q26 earnings significantly surpassed expectations, reflecting strong profit performance.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-21 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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