DBS Cuts BEKE-W (02423) Target Price to HK$52.09, Reiterates "Buy" Rating

Stock News

Nov 13

DBS has adjusted its earnings forecast for BEKE-W (02423) for fiscal years 2025–2026, lowering it by 17–19% based on revised assumptions for gross transaction value and costs. The bank reaffirmed its "Buy" rating on the stock, citing BEKE-W as a preferred indicator for the housing market recovery. The target price was reduced from HK$62.25 to HK$52.09. For KE Holdings Inc. (BEKE.US), the U.S. target price was revised down from $23.41 to $19.36.

DBS noted that BEKE-W's Q3 2025 earnings met expectations, but weaker operating leverage due to a decline in residential transaction volume contributed to subdued performance. The company's Q4 2025 guidance fell short of expectations, with conservative projections for net revenue and margins.

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The company's Q4 2025 guidance fell short of expectations, with conservative projections for net revenue and margins.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0244354667.USD","symbol_name":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","start_time":0,"source_url":"","article_id":"1106402393","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1106402393","pubTimestamp":1763013018,"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":"DBS has adjusted its earnings forecast for BEKE-W (02423) for fiscal years 2025–2026, lowering it by 17–19% based on revised assumptions for gross transaction value and costs. 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