Hong Kong stock concept tracking | Over 80 cities support state-owned enterprises and others to acquire existing houses, institutions are bullish on investment opportunities related to the "good housing" industry (concept stocks attached)
As of now, more than 80 cities have announced their support for state-owned platform enterprises to acquire commodity housing for the purpose of affordable housing, resettlement housing, talent housing, and turnover housing.
Hong Kong Viable Stocks – Bilibili, KE Holdings
ke holdings spent nearly 3 million US dollars on August 23 to repurchase 0.5987 million shares.
Ke Holdings announced that on August 23, 2024, it repurchased 0.5987 million shares for nearly $3 million.
Ke Holdings (02423) spent 3 million USD to repurchase 0.6066 million shares on August 22.
Ke Holdings-W (02423) announced that on August 22, 2024, the company will spend 3 million US dollars to repurchase...
Ke Holdings (02423.HK) spent 3 million dollars on August 21 to repurchase 0.6118 million shares.
Ke Holdings (02423.HK) announced on August 22 that it will spend 3 million US dollars to repurchase 0.6118 million shares on August 21, 2024.
Ke Holdings-W8 repurchased approximately 0.616 million shares at a cost of approximately 3 million US dollars on August 20th.
Ke Holdings (02423.HK) has announced that on August 20, 2024, it will spend approximately 3 million US dollars to repurchase 0.616 million shares, with a repurchase price per share of 4.81-4.99 US dollars.
Express News | Shares of US-listed Chinese Companies Are Trading Lower After China's Central Bank Left Its One-year and Five-year Loan Prime Rates Unchanged at 3.35% and 3.85% Respectively
Ke Holdings (02423) spent 2.9937 million US dollars to repurchase 0.5945 million shares on August 19th.
Ke Holdings (02423) announced that on August 19, 2024, it spent 2.9937 million US dollars...
Ke Holdings (02423.HK) repurchased 0.6004 million shares at a cost of 3 million US dollars on August 16.
On August 19th, Ke Holdings (02423.HK) announced that it spent 3 million US dollars to buy back 0.6004 million shares on August 16th, 2024.
Ke Holdings (02423) spent 3 million US dollars on August 15 to repurchase 0.5926 million shares.
Ke Holdings (02423) has announced that the company will spend 3 million US dollars to repurchase... on August 15, 2024.
Ke Holdings (02423.HK) spent 3 million US dollars on August 14 to repurchase 0.604 million shares.
Ke Holdings (02423.HK) released a statement on August 15th that they spent 3 million US dollars to repurchase 0.604 million shares on August 14, 2024.
Hedge funds had significant changes in their holdings in the second quarter! Nvidia was heavily sold, while Apple and Chinese concept stocks were favored.
Nvidia's stock price has surged this year, and major hedge funds are taking profits and leaving. Microsoft has been reduced or liquidated by 140 hedge funds, while Amazon has been increased or established by 166. China Concept Stocks are increasingly favored by Wall Street, and hedge fund giants David Tepper and Hillhouse Capital are steadfastly increasing their holdings in China Concept Stocks.
David Tepper, hedge fund manager, bullish on Chinese assets, significantly increasing shareholding of Ke Holdings and other Chinese concept stocks.
On August 15th, according to the disclosure of the U.S. Securities and Exchange Commission (SEC), Appaloosa Management, a famous hedge fund manager David Tepper's company, submitted its second quarter holding report ending on June 30, 2024. According to statistics, the total market value of Appaloosa Management's second quarter holdings was $6.18 billion. During the second quarter, the fund added 0 stocks to its portfolio, increased its shareholding in 9 stocks, and liquidated 2 stocks, while reducing its shareholdings in 26 stocks.
Hong Kong stock concept tracking | Peking's second-hand housing signing volume in June and July has increased significantly, and institutions are bullish on high-quality real estate companies in core cities (including concept stocks).
Bullish real estate policies in Beijing, taking small steps towards gradual relaxation, have led to increased activity in the housing market trade.
Hong Kong Stock Market Changes | Ke Holdings-W (02423) rose more than 3% during trading hours, with second quarter profits exceeding expectations, and the company continues to increase shareholder returns.
KE Holdings-W (02423) rose more than 3% during trading, as of the time of publication the rise was 2.52%, with a price of HKD 38.7 and a turnover of 25.0614 million HKD.
Ke Holdings (02423) once rose 3.71%. Institutions pointed out that the gross margin of the existing business rebounded in the second quarter, and the market share of new properties significantly increased.
Ke Holdings' (02423) stock price fluctuated and rose, rising as much as 3.71% to a high of 39.15 Hong Kong dollars and still up by 2.38%, at 38.65 Hong Kong dollars, with a turnover of 23.02 million Hong Kong dollars at the time of publication. Citic Securities stated that the company achieved quarter-on-quarter and year-on-year growth in revenue and profit in the second quarter of 2024, and gross margin of existing business rebounded, while the market share of new houses increased significantly. As the high base effect of the first quarter of 2024 faded, the company continuously improved its operation and efficiency, achieving good performance. Home decoration and Huiju witnessed rapid growth, and Proud House made progress, fully proving Ke Holdings' strength in the residential services sector.
Hedge fund guru David Tepper firmly holds Chinese concept stocks: he holds JD.com and Ke Holdings, while reducing shareholdings in Alibaba and PDD Holdings.
China stocks and ETFs account for 26% of its fund stock investment portfolio.
Barclays Maintains KE Holdings(BEKE.US) With Buy Rating, Maintains Target Price $30
Brokerage Focus: Fangzheng Securities maintains its recommended rating for Ke Holdings (02423), as the "one body and three wings" global strategy has shown remarkable results.
Fangzheng Securities released a research report and pointed out that Ke Holdings (02423) has released its 2024 H1 performance announcement. The company achieved revenue of 39.7 billion yuan in the first half of 2024, which was relatively stable compared to last year; achieved net income of 2.33 billion yuan, and adjusted net income of 4.09 billion yuan; GTV achieved 1468.9 billion yuan (yoy-16.2%). Looking at the second quarter data, in 2024Q2, the company achieved revenue of 23.4 billion yuan (yoy+19.9%); achieved net income of 1.9 billion yuan (yoy+46.2%), adjusted net income of 2.69 billion yuan; GTV achieved 839 billion yuan.
Gao Yi Asset, a private equity giant, increased its shareholding of several Chinese concept stocks in the second quarter, and the direction of consumer may be worth attention.
What direction should we be focusing on in terms of layout?
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