Citi Lifts BEKE-W Price Objective to HK$75.4, Reaffirms Buy Call on Strong Margins

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Citi has released a research note highlighting that BEKE-W (02423) delivered better-than-expected second-quarter profit margins, underscoring favorable operating leverage and the profitability of its platform model. As a result, the bank has raised its target price from HK$73.6 to HK$75.4, while maintaining a "Buy" rating.

The brokerage has also lifted its core earnings forecast for 2026 to RMB 8.3 billion, with third-quarter projections set at RMB 1.7 billion, reflecting the robust second-quarter performance. Citi further reiterates the company as a top pick within its coverage.

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Citi further reiterates the company as a top pick within its coverage.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4504","symbol_name":"橋水持倉","start_time":0,"source_url":"","article_id":"1165344676","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165344676","pubTimestamp":1787550734,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Citi has released a research note highlighting that BEKE-W (02423) delivered better-than-expected second-quarter profit margins, underscoring favorable operating leverage and the profitability of its...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4504":"桥水持仓","BK4559":"巴菲特持仓","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","C":"花旗","LU0106831901.USD":"贝莱德世界金融基金A2","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","BK4588":"碎股","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","IYF":"金融指数ETF-iShares Dow Jones","BK4548":"巴美列捷福持仓","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","TFNS":"T. 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