Gelonghui October 29th | Ke Holdings (BEKE.US) pre-market trading rose by more than 2.5%, to $22.64. On the news front, UBS released a research report stating that it expects Ke Holdings' revenue in the third quarter of the 2024 fiscal year to increase by 29% year-on-year, at the upper end of guidance. Gross Transaction Value (GTV) increased by 15% quarterly, outperforming the top 100 developers in contract sales. Considering the narrowing losses in house renovation and house rental business, as well as the expected improvement in operating leverage from 2024 to 2026 fiscal years, Ke Holdings' adjusted net income forecast for 2024 to 2026 fiscal years is raised by 7% to 13%. In addition, the bank also believes that Ke Holdings may be included in the Shanghai-Hong Kong Stock Connect in March next year. The bank has raised Ke Holdings' target price from $20.5 to $25, giving a "buy" rating, still the bank's top choice in the real estate industry.
美股异动｜贝壳盘前涨超2.5% 获瑞银上调目标价至25美元并列为行业首选
U.S. stock market anomaly | ke holdings pre-market rise more than 2.5%, target price raised to $25 by ubs group and listed as the industry's top pick
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