BEKE-W (02423) rose more than 6% during intraday trading, with shares up 5.05% at HK$45.76 by the time of writing, recording a turnover of HK$582 million.

The company recently reported its financial results, showing a total transaction volume (GTV) of RMB736.7 billion in Q3. Net revenue increased 2.1% year-on-year to RMB23.1 billion, while net profit stood at RMB747 million. Adjusted net profit reached RMB1.286 billion.

Bank of America Securities noted in a research report that BEKE-W's Q3 revenue of RMB23.1 billion, up 2% year-on-year, was in line with market consensus. The adjusted net profit of RMB1.3 billion exceeded expectations, driven by significant profit contributions from both home renovation and rental businesses.

CICC maintained its "Outperform Industry" rating for BEKE-W, highlighting that the company's Q3 revenue growth of 2.1% to RMB23.1 billion met market expectations. The adjusted net profit of RMB1.29 billion surpassed forecasts, primarily due to effective cost control measures. CICC remains optimistic about BEKE-W's competitive edge and growth prospects as a one-stop residential service platform, citing its cost-efficiency improvements and long-term profitability potential in both core and new business segments.