KE Holdings: Tough To Turn Bullish If Macro Continues To Stay Weak
KE Holdings remains a hold as China's property market downturn overshadows operational improvements. Home rental and renovation segments now contribute profitably, with margin gains from asset-light models and supply chain efficiencies. Despite BEKE's productivity gains and cost reductions, macro headwinds and falling home prices depress transaction volumes and sentiment.
KE Holdings Inc. (BEKE) Q3 2025 Earnings Call Transcript
KE Holdings Inc. ( BEKE ) Q3 2025 Earnings Call November 10, 2025 7:00 AM EST Company Participants Siting Li - Investor Relations Director & Joint Company Secretary Tao Xu - CFO & Executive Director Yongdong Peng - Co-Founder, Chairman & CEO Conference Call Participants John Lam - UBS Investment Bank, Research Division Griffin Chan - Citigroup Inc., Research Division Jiong Shao - Barclays Bank PLC, Research Division Timothy Zhao - Goldman Sachs Group, Inc., Research Division Presentation Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc. Third Quarter 2025 Earnings Conference Call.
KE Holdings: Rating Downgrade On Fading Momentum
I downgrade BEKE to hold due to weakening core business, margin pressure, and fading recovery momentum despite headline revenue growth. Core brokerage revenues declined, profitability eroded, and new business growth hasn't offset the margin hit from the core segment. Housing market demand is deteriorating, with transaction volumes falling and recovery momentum stalling, increasing downside risk for near-term performance.
KE Holdings Inc. (BEKE) Q2 2025 Earnings Call Transcript
KE Holdings Inc. (NYSE:BEKE ) Q2 2025 Earnings Conference Call August 26, 2025 8:00 AM ET Company Participants Siting Li - Investor Relations Director & Joint Company Secretary Tao Xu - CFO & Executive Director Yongdong Peng - Co-Founder, Chairman & CEO Conference Call Participants Griffin Chan - Citigroup Inc. Exchange Research John Lam - UBS Investment Bank, Research Division Qi Chen - JPMorgan Chase & Co, Research Division Timothy Zhao - Goldman Sachs Group, Inc., Research Division Xiaodan Zhang - China International Capital Corporation Limited, Research Division Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc.'s Second Quarter 2025 Earnings Conference Call.
KE Holdings: Fundamental Improvements Should Not Be Ignored
BEKE is outperforming China's property market, gaining share and scaling efficiently, with strong revenue and GTV growth despite macro headwinds. AI integration and new initiatives like home renovation and rental are driving productivity, higher margins, and diversified revenue streams. Short-term risks include policy delays, US-China trade tensions, and a dip in user engagement, but underlying demand remains resilient.
KE Holdings Inc. (BEKE) Q1 2025 Earnings Call Transcript
KE Holdings Inc. (NYSE:BEKE ) Q1 2025 Earnings Conference Call May 15, 2025 8:00 AM ET Company Participants Siting Li - IR Director Stanley Peng - Co-Founder, Chairman & CEO Tao Xu - Executive Director & CFO Conference Call Participants Timothy Zhao - Goldman Sachs Sophie Zhang - CICC Jizhou Dong - Nomura John Lam - UBS Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings Inc.'s First Quarter 2025 Earnings Conference Call.
KE Holdings: Rating Upgrade On Solid Growth Momentum
Upgraded BEKE to a buy rating due to strong 4Q24 earnings, with net revenue up 54.1% y/y and GTV up 55.5% y/y. Existing home market momentum is accelerating post-policy support, with transaction volume up ~40% y/y after Chinese New Year, signaling a housing recovery. New home services show structural monetization improvements, with revenue growing 72.7% y/y, indicating BEKE's successful platform leverage and margin accretion.
KE Holdings Q4: Strong Revenue Growth But Margins Shrink, Maintain 'Hold'
KE Holdings' Q4 2024 results showed strong GTV and revenue growth, but profitability concerns and declining margins overshadowed these gains. The home renovation business growth slowed, raising questions about future profitability despite management's optimistic projections for Q1 2025. BEKE's robust cash flow supports a $3 billion share repurchase program and a $0.36 per ADS dividend, yielding 1.67%.
KE Holdings Inc. (BEKE) Q4 2024 Earnings Call Transcript
KE Holdings Inc. (NYSE:BEKE ) Q4 2024 Earnings Conference Call March 18, 2025 8:00 AM ET Company Participants Siting Li - IR Director Stanley Peng - Co-Founder, Chairman & CEO Tao Xu - Executive Director & CFO Conference Call Participants Jizhou Dong - Nomura Timothy Zhao - Goldman Sachs Griffin Chan - Citi Eddy Wang - Morgan Stanley Sophie Zhang - CICC Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc.'s Fourth Quarter and Fiscal Year 2024 Earnings Conference Call.
KE Holdings: A Data-Driven Powerhouse Reshaping China's Real Estate Landscape
We are bullish on KE Holdings due to its strong competitive moat, data-driven platform, and attractive valuation amidst China's challenging property market. BEKE's unparalleled competitive moat and flywheel effect drive growth in real estate transactions, renovation, furnishing, and rental services, positioning it as a market leader. Beihaojia's data-driven C2M model could revolutionize China's residential development by improving efficiency, reducing developer risks, and shifting the market to a buyer-driven model.
KE Hodlings (BEKE) Moves 5.4% Higher: Will This Strength Last?
KE Hodlings (BEKE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
BEKE or Z: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Real Estate - Operations sector might want to consider either KE Holdings Inc. Sponsored ADR (BEKE) or Zillow (Z). But which of these two stocks offers value investors a better bang for their buck right now?
