KE Holdings to Face Pressure in Near-to-Medium Term -- Market Talk

Dow Jones

Nov 12

0358 GMT - KE Holdings could face some business pressure in the near-to-medium term, Morningstar analyst Jeff Zhang says in a research note. The Chinese real-estate company is likely to experience a significant decline in home brokerage gross transaction value in 4Q due to a high base and subdued home-buying sentiment, he says, citing the company's remarks. Morningstar turns more cautious on its growth prospects and reduces 2025-2029 revenue forecasts by 3%-8%. Still, the company could find some support from an improvement in operating margin, which Zhang expects to rise to 7.6% in 2029 from 4.2% in 2024. Morningstar lowers the fair-value estimate on the stock to HK$42.90 from HK$44.20. Shares last traded at HK$43.36. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

November 11, 2025 22:58 ET (03:58 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2582343140"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2582343140\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2582343140?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-12 11:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2582343140","market":"sg","top_or_hot":-1,"title":"KE Holdings to Face Pressure in Near-to-Medium Term -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0358 GMT - KE Holdings could face some business pressure in the near-to-medium term, Morningstar analyst Jeff Zhang says in a research note. The Chinese real-estate company is likely to experience a significant decline in home brokerage gross transaction value in 4Q due to a high base and subdued home-buying sentiment, he says, citing the company's remarks. Morningstar turns more cautious on its growth prospects and reduces 2025-2029 revenue forecasts by 3%-8%. Still, the company could find some support from an improvement in operating margin, which Zhang expects to rise to 7.6% in 2029 from 4.2% in 2024. Morningstar lowers the fair-value estimate on the stock to HK$42.90 from HK$44.20. Shares last traded at HK$43.36. (tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 11, 2025 22:58 ET (03:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KE Holdings to Face Pressure in Near-to-Medium Term -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKE Holdings to Face Pressure in Near-to-Medium Term -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-12 11:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0358 GMT - KE Holdings could face some business pressure in the near-to-medium term, Morningstar analyst Jeff Zhang says in a research note. The Chinese real-estate company is likely to experience a significant decline in home brokerage gross transaction value in 4Q due to a high base and subdued home-buying sentiment, he says, citing the company's remarks. Morningstar turns more cautious on its growth prospects and reduces 2025-2029 revenue forecasts by 3%-8%. Still, the company could find some support from an improvement in operating margin, which Zhang expects to rise to 7.6% in 2029 from 4.2% in 2024. Morningstar lowers the fair-value estimate on the stock to HK$42.90 from HK$44.20. Shares last traded at HK$43.36. (tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 11, 2025 22:58 ET (03:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0287142896.SGD","symbol_name":"Fidelity China Focus A-SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2582343140","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582343140","pubTimestamp":1762919880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0358 GMT - KE Holdings could face some business pressure in the near-to-medium term, Morningstar analyst Jeff Zhang says in a research note. The Chinese real-estate company is likely to experience a significant decline in home brokerage gross transaction value in 4Q due to a high base and subdued home-buying sentiment, he says, citing the company's remarks. Morningstar turns more cautious on its growth prospects and reduces 2025-2029 revenue forecasts by 3%-8%. Still, the company could find some support from an improvement in operating margin, which Zhang expects to rise to 7.6% in 2029 from 4.2% in 2024. Morningstar lowers the fair-value estimate on the stock to HK$42.90 from HK$44.20. Shares last traded at HK$43.36. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0287142896.SGD":"Fidelity China Focus A-SGD","BK4526":"热门中概股","BK4585":"ETF&股票定投概念","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","BK4505":"高瓴资本持仓","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","BK4079":"房地产服务","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","KE":"Kimball Electronics, Inc.","LU0173614495.USD":"富达中国焦点A","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","BK4504":"桥水持仓","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0359201612.USD":"贝莱德中国基金A2","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK4588":"碎股","LU1688375341.USD":"贝莱德中国灵活股票基金","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","BK4548":"巴美列捷福持仓","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","BEKE":"贝壳","BK4145":"电子制造服务","BK4509":"腾讯概念","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC"},"translate_title":"贝壳控股中短期将面临压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BEKE":0.9,"KE":1.5},"content_text":"0358 GMT - KE Holdings could face some business pressure in the near-to-medium term, Morningstar analyst Jeff Zhang says in a research note. The Chinese real-estate company is likely to experience a significant decline in home brokerage gross transaction value in 4Q due to a high base and subdued home-buying sentiment, he says, citing the company's remarks. Morningstar turns more cautious on its growth prospects and reduces 2025-2029 revenue forecasts by 3%-8%. Still, the company could find some support from an improvement in operating margin, which Zhang expects to rise to 7.6% in 2029 from 4.2% in 2024. Morningstar lowers the fair-value estimate on the stock to HK$42.90 from HK$44.20. Shares last traded at HK$43.36. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 11, 2025 22:58 ET (03:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}