SWS Research Starts KE Holdings at Buy With HK$77.90 Price Target

MT Newswires05:04 ET · Ratings

[Brokerage Focus] HAITONG SEC gives KE Holdings (02423) an initial rating of "Outperform the Market" indicating that its technological advantages are the core competitiveness that allows it to surpass its peers.

Jinwu Financial News | HAITONG SEC pointed out that the current main focus of KE Holdings (02423) is on the transaction and renovation sector of existing housing, which is gradually opening up with the transformation and development of China's economy. Based on KE Holdings' current scale, steadily consolidating its market share advantage will lead to long-term development for the company. The firm predicts that by 2044, the total transaction volume of the company's existing housing business will range from 5400 billion to 7980 billion yuan, with an average annual compound growth rate ranging from 4.77% to 6.74% from 2023 to 2044. These estimates may be affected by fluctuations in housing prices. The firm believes that the advantage in Technology is currently what allows KE Holdings to surpass its peers.

Jinwu Financial News03:18 ET

Shares of Chinese Stocks Are Trading Lower Amid US Tariffs.

Benzinga12:40 ET

KE Holdings Announces Inclusion of Shares in Stock Connect Programs

TipRanksMar 10 07:42 ET

KE Holdings-W (02423.HK) Class A ordinary shares have been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.

On March 10, 2023, Gelonghui reported that KE Holdings (02423.HK) announced that, according to the announcements published by the Shanghai Stock Exchange and the Shenzhen Stock Exchange, the company's Class A ordinary shares will be included in the Stock Connect programs, effective from March 10, 2025. After the inclusion, qualified investors from mainland China will be able to trade the company's Class A ordinary shares directly. It is expected that this inclusion will help further expand and diversify the company's investor base, enhance the company's trading liquidity, and share the company's growth and future success with investors in mainland China through the financial market.

Gelonghui FinanceMar 10 07:38 ET

KE Holdings Expands Market Reach With Stock Connect Inclusion

TipRanksMar 10 07:37 ET