As of the time of publication, the stock has risen nearly 6%, to $22.19.
According to Securities Times APP, on Wednesday, ke holdings (BEKE.US) saw a rise in stock price, with the stock up nearly 6% to $22.19 at the time of publication. Ke holdings Hong Kong stocks closed up 2.9% today. On the news front, Xiangcai Securities pointed out that according to Wind data, the transaction area of new homes in the top 30 cities last week was 2.18 million square meters, a year-on-year increase of 130% and a month-on-month increase of 139%. The significant increase in the year-on-year and month-on-month comparisons is mainly affected by the delay in record-filing during the National Day holiday. In terms of second-hand homes, the transaction area of second-hand homes in 13 cities surveyed last week was 1.62 million square meters, a year-on-year increase of 215% and a month-on-month increase of 451%. With policy support, the transaction area has rebounded to a near five-year high.
Xiangcai Securities stated that it is advisable to focus on top-quality developers with strong financing capabilities, strong land acquisition capabilities, and reasonable land reserves, as well as top second-hand housing agencies benefiting from the improvement in existing home transactions. Zheshang Securities also pointed out that second-hand agency companies benefit from the strong performance elasticity of the "old for new" and fundamental performance repair.