Gelonghui, December 3 | Ke Holdings (BEKE.US) rose nearly 1% pre-market, reported at $19.5. In terms of news, First Shanghai released a research report stating that it maintains a "buy" rating for Ke Holdings with a target price of HKD 66.9, bullish on the company's stable development in the "integrated" business and the increase in industry penetration, as well as the ability of the "three wings" business to consolidate the company's resilience after the real estate cycle. Looking ahead to the fourth quarter, benefiting from the policies on real estate crediting adjustments, transaction tax adjustments, and a new round of relaxation of purchase restrictions in first-tier cities implemented since the end of September, the company's overall transaction volume is expected to experience significant growth, which will also drive the "integrated" business to contribute to profit margin recovery. (Gelonghui)