On August 20, BEKE-W rose 3.28% in regular trading, trading at HKD 45.98 with turnover of HKD 129 million.

On the news front, CLSA recently initiated coverage on BEKE-W with an \"Outperform\" rating and a target price of HKD 61, implying approximately 33% upside from the current level. The bank noted that the mainland property market is normalizing, with second-hand transactions remaining resilient, and projected a 27% compound annual earnings growth rate for FY2025-2028.

Additionally, the company is scheduled to hold a board meeting on August 21 to approve interim results for the six months ended June 30 and host an earnings call. Market consensus expects Q2 revenue of RMB 24.61 billion (down 5.64% YoY) but adjusted EPS of RMB 0.75 (up 43.78% YoY) and EBIT of RMB 2.98 billion (up 60.42% YoY). The company has also been actively repurchasing shares, cancelling approximately 26.68 million shares on August 14 and conducting daily buybacks of USD 2-5 million throughout August, signaling management confidence in intrinsic value.

(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.)