KE Holdings: Upside Is Attractive, But I Prefer To Wait For More Proof
I give a hold rating for KE Holdings as I await more proof of sustainable demand improvement in the Chinese property market. BEKE's 3Q24 earnings exceeded expectations with a 12.5% y/y GTV growth and a 26.8% y/y revenue increase, despite a challenging macro environment. Positive macro indicators, including significant transaction volume growth in tier 1 cities and improved consumer expectations.
KE Holdings Inc. (BEKE) Q3 2024 Earnings Call Transcript
KE Holdings Inc. (NYSE:BEKE ) Q3 2024 Earnings Conference Call November 21, 2024 7:00 AM ET Company Participants Siting Li - IR Director Stanley Peng - Co-Founder, Chairman and CEO Tao Xu - Executive Director and CFO Conference Call Participants John Lam - UBS Timothy Zhao - Goldman Sachs Griffin Chan - Citi Thomas Chong - Jefferies Miranda Zhuang - Bank of America Securities Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc.'s Third Quarter 2024 Earnings Conference Call.
Here's Why KE Hodlings (BEKE) Could be Great Choice for a Bottom Fisher
KE Hodlings (BEKE) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Why Chinese Stocks Continued to Zoom Higher on Wednesday
Lingering optimism about the future of the country's enterprises continued to drive demand for them higher; rising tensions elsewhere in the world also played a role.
KE Hodlings (BEKE) Moves 7.5% Higher: Will This Strength Last?
KE Hodlings (BEKE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
How Much Upside is Left in KE Hodlings (BEKE)? Wall Street Analysts Think 44.09%
The average of price targets set by Wall Street analysts indicates a potential upside of 44.1% in KE Hodlings (BEKE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
BEKE vs. Z: Which Stock Is the Better Value Option?
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 presents investors with the better value opportunity right now?
KE Holdings: Still Undervalued After A Solid Quarter
KE Holdings reported strong Q2 2024 results, with GTV and net revenues increasing, demonstrating resilience in a challenging real estate market. Net revenues from new businesses like home renovation and furnishing, and home rental services showed impressive growth, offsetting mixed results from existing home transaction services. BEKE's strong balance sheet, increased share repurchase program, and undervalued current level indicate potential for over 50% upside, maintaining a "buy" rating.
Is the Options Market Predicting a Spike in KE Hodlings (BEKE) Stock?
Investors need to pay close attention to KE Hodlings (BEKE) stock based on the movements in the options market lately.
Can KE Hodlings (BEKE) Run Higher on Rising Earnings Estimates?
KE Hodlings (BEKE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Wall Street Analysts See a 27.43% Upside in KE Hodlings (BEKE): Can the Stock Really Move This High?
The mean of analysts' price targets for KE Hodlings (BEKE) points to a 27.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
KE Holdings Inc. Sponsored ADR (BEKE) Now Trades Above Golden Cross: Time to Buy?
After reaching an important support level, KE Holdings Inc. Sponsored ADR (BEKE) could be a good stock pick from a technical perspective. BEKE recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
