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KE Holdings Newsroom
Hong Kong stock market anomaly | ke holdings-W (02423) rose more than 4% intraday in October, real estate sales data improved, second-hand real estate trade volume and penetration rate continued to rise.
Ke Holdings-W (02423) rose more than 4% intraday, as of the time of publication, up 3.61% to HKD 53.15, with a trading volume of 35.3003 million Hong Kong dollars.
Guosen: Marginal improvement in real estate sales volume and price from January to October 2024, development investment has not yet improved.
Observing the sales scale relative to the historical same period, the sales volume and sales area of commodity housing in October are equivalent to 62% and 54% of the same period in 2019, still at a relatively low level, but have improved compared to the previous low point. The effects of a series of demand-side bullish policies introduced at the end of September are more pronounced.
Zhongtai: Policies stimulating the real estate industry to stabilize and rebound significantly in sales.
In October, the industry's sales growth rate showed a significant rebound, and market sentiment stabilized. On one hand, the effects of continuously easing policies began to emerge; more importantly, the Politburo meeting proposed the idea of "stopping the decline and stabilizing," allowing for the restoration of market confidence.
Open Source Securities: Several departments have issued announcements to increase tax incentives, which may promote the improvement of housing demand release.
The overall coverage of the deed tax policy is relatively wide, after implementation, it will further reduce the tax and fee costs for residents' home purchases, promote the release of demand for improved housing; at the same time, for first-tier cities, the deed tax incentives are even greater, with the highest reduction reaching 2 percentage points.
Kaiyuan Securities: The real estate industry's monthly sales improved as expected, and the decline in funds returned by real estate companies significantly narrowed.
From January to October, the national sales area of commodity housing was 0.779 billion square meters, a year-on-year decrease of 15.8% (1-9 months -17.1%), with the sales area of residential properties decreasing by 17.7% year-on-year; From January to October, the sales of commodity housing reached 7.69 trillion yuan, a year-on-year decrease of 20.9% (1-9 months -22.7%), with the sales revenue of residential properties decreasing by 22.0% year-on-year.
Hold positions exposure, Wall Street tycoons increase their holdings of assets in China.
David Tepper, a well-known hedge fund mogul on Wall Street, boldly proclaimed at the end of September to "buy everything in china assets." The latest hold position data has been released! The mogul has put his words into action, significantly increasing his holdings in chinese assets to nearly 40%. In the third quarter, information released by Tepper's Appaloosa Management showed that investments in chinese stocks increased from 26% at the end of the previous quarter to 38%. This renowned hedge fund figure greatly increased his holdings in several U.S.-listed chinese stocks during the third quarter, including nearly doubling his position in pdd holdings shares, while also adding to his positions in jd.com and ke holdings. Meanwhile, Tepper slightly reduced his holdings in baidu, alibaba, and china.
Earnings Week Ahead: NVDA, WMT, SNOW, TGT, BIDU, NIO, ZIM, and More
Earnings Preview: KE Holdings to Report Financial Results Pre-market on November 21
How do foreign investors adjust their positions in Chinese stocks? Alibaba and jd.com frequently appear, while Buffett builds a position that boosts a Hong Kong stock.
① The 13F quarterly reports for US stocks have been released. How are Wall Street institutions adjusting their positions on Chinese stocks? ② Buffett's investment in domino's is boosting a Hong Kong stock. What are the highlights?
China Data Point to Gradual Improvement, but Tariff Risk Looms
Hillhouse HHLR Q3 hold positions: Chinese concept stocks hold an absolute dominant position, and the total market value of hold positions grew by more than 10%!
①HHLR Advisors, a subsidiary of Hillhouse Capital, saw its total market cap of US stocks holding positions grow by over 10% in the third quarter, with 9 of the top ten heavy positions being Chinese concept stocks; ②HHLR Advisors continued to hold heavy positions in Chinese concept stocks in the third quarter, with the market cap of Chinese concept stocks increasing from 85% in the second quarter to 93% in the third quarter.
Express News | Appaloosa LP 13F Shows Increased Stake In PDD Holdings By 173% From 1,940,000 To 5,301,132 Shares; Increased Stake In JD.com Inc By 69% From 4,310,600 To 7,300,000 Shares; Increased Stake In Lyft By 98% From 7,961,257 To 15,750,000 Shares; Increased...
Trending Stocks Today | Microvast Shoots up 126.28% Pre-Market
Express News | BEKE (KE Holdings) up 7% and YINN up 4.7% pre-market, as China announced cutting the deed tax for buyers to as low as 1% from a current level of as much as 3%.
[Brokerage Focus] Nomura expects mainland real estate stocks to have a possibility of short-term stock price rebound, bullish on ke holdings (02423) and china res land (01109).
Kingwu Finance News | Nomura's research report pointed out that after the steady recovery of real estate sales in October, sales have continued to rebound since November. In terms of new home sales, sales in 30 major cities in mainland China have continued to recover year-on-year since November, and there are signs of continued recovery in second-hand home sales in high-tier cities as well. The bank believes this is a positive signal, as investors in the past believed that the October recovery in real estate sales was mainly driven by pent-up demand from buyers, which may be difficult to sustain. The bank expects that, given the favorable policy environment since the shift in real estate policies at the end of September, as well as developers actively promoting sales before the end of the year, it is estimated to stimulate buyer confidence.
Furui: The internet-related industry is at the beginning stage of a new cycle, and science and technology enterprises with 3 major characteristics will take the lead.
The investment sentiment in Chinese network technology stocks has improved. Zhuang Yaohong, Director and General Manager of the Internet and Media Industry Research Department in the Asia-Pacific region of Fuli, stated that the internet industry is entering a new period, with profit growth potential, leading market position, and companies benefiting from policies starting to apply the PEG (Price/Earnings to Growth) valuation method, driving the stock price breakthrough.
Hong Kong stocks morning report on November 11: The financial 10 trillion debt conversion plan is implemented, and the Dow Jones Index in the United States has achieved its largest weekly increase in a year.
① Minister of Finance Lan Foan stated that local bond resources will be increased to 10 trillion yuan; ② Last Friday, the three major US stock indexes collectively rose, with the Dow Jones, S&P 500 index both achieving their largest weekly gains in a year. China concept stocks were generally down; ③ Trump is considering candidates such as the SEC Chairman; ④ Tesla's stock price rose by 8% last Friday, Elon Musk's net worth surpassed $300 billion for the first time in nearly three years.
Top Gap Ups and Downs on Friday: SONY, RIO, NTES and More
KE Holdings Inc. to Announce Q3 Financial Results
Ke Holdings (02423.HK) will hold a board of directors meeting on November 21 to approve financial performance.
Ke Holdings (02423.HK) announced on November 8th that the company will hold a board of directors meeting on November 21, 2024, to consider and approve the unaudited financial performance of the group for the three months ending September 30, 2024, and its release.