Golden Web Financial News | Ke Holdings (02423) rose against the market, up 4.08% as of the time of publication, at HK$57.45, with a turnover of 0.107 billion Hong Kong dollars.
On the news front, HSBC Research stated that the sales of new inner-city houses show enduring resilience, with sustained momentum expected to surpass the impact of the May stimulus measures. The rise in second-hand property transactions and the recovery of the land market are seen as positive signals for market confidence. The bank maintains a positive view on the sales of inner-city houses in the fourth quarter, believing that they can continue to benefit from the bullish policy background and low base effect.
UBS Group, on the other hand, expects Ke Holdings' revenue to increase by 29% year-on-year in the third quarter of the 2024 fiscal year, at the upper end of the guidance. Based on the recovery of the mainland real estate market in October, it is anticipated that Ke Holdings' net income in the fourth quarter of this year will increase by 114% year-on-year. The bank also believes that Ke Holdings may be included in the Shanghai-Hong Kong Stock Connect in March next year, indicating that it remains the preferred choice in the real estate industry.
