Movement Alert|BEKE-W Rises 3.5% in Regular Trading, Boosted by Real Estate Credit Reform Policy and Strong Q2 Earnings Momentum

Market Focus
08/31

On August 31, BEKE-W rose 3.5% in regular trading, trading at HKD 48.32 per share, with turnover reaching HKD 139 million. The rally extended gains driven by a major real estate policy announcement and continued positive sentiment from recent earnings results.

On the policy front, the People's Bank of China and the National Financial Regulatory Administration jointly issued guidelines on reforming and improving real estate credit management to accelerate the construction of a new development model for the housing sector. BEKE-W had already surged over 8% in pre-market trading on August 28 following the announcement, and the positive momentum has carried into the new week.

Fundamentally, the company reported robust Q2 results on August 21, with adjusted net profit surging 74.9% year-over-year to RMB 3.185 billion. Gross margin expanded significantly to 28.6% from 21.9% a year earlier, while total GTV reached RMB 933.8 billion, up 6.3% year-over-year. Multiple brokerages subsequently upgraded their targets, with Citi raising to HKD 75.4 and Goldman Sachs to HKD 63, both maintaining Buy ratings. The company also continued its steady buyback program, repurchasing approximately USD 2 million in shares daily throughout August.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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