On September 23, BEKE-W rose 3.13% in regular trading, trading at HK$44.08 per share, with turnover of approximately HK$49.25 million. The rally was driven by a combination of a bullish analyst endorsement and the company's sustained share repurchase program.
CLSA recently maintained its Outperform rating on BEKE-W with a target price of HK$62, noting that earlier regulatory concerns have faded as the State Administration for Market Regulation has shifted its focus to other sectors. CLSA highlighted that the removal of this key sentiment overhang could serve as a catalyst for valuation re-rating, citing a robust secondary housing market, potential home price recovery, and limited impact from new home sales reforms. CLSA named BEKE-W its top pick in the China real estate sector.
Simultaneously, the company has continued aggressive buyback activity on the NYSE, repurchasing approximately US$2–3 million worth of shares nearly every trading day in September. As of September 21, cumulative repurchases under the current authorization had reached over 35.45 million shares, representing approximately 1.024% of total issued shares, signaling strong 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.)