0349 GMT - KE Holdings' 2Q guidance was better than UOB Kay Hian's Julia Pan expected, contributing to the analyst turning more bullish on the stock. The Chinese real-estate platform expects 2Q revenue of around 24 billion yuan, implying a 7.0% decline, the analyst says in a report. The company noted intact market recovery trends and market share gains, while its overall cost and expense ratio continued to decline, the analyst adds. Pan raises her 2026 revenue and earnings projections by 2% and 22%, respectively, expecting revenue to drop 5% while adjusted net profit increases 63%. UOB KH raises its rating to buy from hold and lifts its target price to HK$53.00 from HK$41.00. Shares drop 4.9% to HK$43.00. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 21, 2026 23:49 ET (03:49 GMT)
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