Latest news with #KEHoldings
Yahoo
02-07-2025
- Business
- Yahoo
KE Holdings (BEKE) Falls as Firm Hints at Share Issuance
KE Holdings Inc. (NYSE:BEKE) is one of the . KE Holdings ended two straight days of losses on Monday, shedding 4.32 percent to finish at $17.74 apiece after the company hinted at issuing additional shares. While no specifics have been divulged, a potential follow-on offer was among those approved by shareholders during its recently concluded annual general meeting last week. According to KE Holdings Inc. (NYSE:BEKE), the directors of the company were granted a general unconditional mandate 'to allot, issue and deal with additional Class A ordinary shares or equivalents and a general unconditional mandate to repurchase the company's own shares, respectively.' Typically, existing investors take issuance of new shares in a negative light, given its potential to dilute the value of existing stocks. Aerial shot of a modern real estate development with residential homes. KE Holdings Inc. (NYSE:BEKE) also announced the approval of its shareholders for the re-election of Jeffrey Zhaohui Li as a non-executive director, and Xiaohong Chen as an independent non-executive director. While we acknowledge the potential of BEKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
19-06-2025
- Business
- Yahoo
KE Holdings (BEKE) Falls on Chinese Property Market Crash
We recently published a list of 10 Stocks Take A Shocking Nosedive. KE Holdings Inc. (NYSE:BEKE) is one of the worst-performing stocks on Thursday. KE Holdings declined by 4.18 percent on Wednesday to finish at $18.13 apiece as investor sentiment was dragged down by fears of a crashing property market in China. This followed data from China's National Bureau of Statistics that home prices in 70 major Chinese cities declined for the 24th month in May—down 0.2 percent, as compared with the 0.1 percent in April. New home prices retreated by 4.1 percent from the same period last year, narrower than the 4.5 percent in April 2025. The drop spilled over to stocks of KE Holdings Inc. (NYSE:BEKE), one of the leading online real estate transaction platforms in China. Aerial shot of a modern real estate development with residential homes. In the first quarter of the year, KE Holdings Inc. (NYSE:BEKE) saw net income attributable to shareholders increase by 98 percent to 856 million yuan from 432 million yuan in the same period last year. Total net revenues grew by 42 percent to 23 billion yuan from 16.4 billion yuan year-on-year. While we acknowledge the potential of BEKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Forbes
10-06-2025
- Business
- Forbes
China Market Update: Investors Wait For London Calling
CLN KraneShares Asian equities were mostly higher overnight, with US-China trade talks in London drawing significant attention, though few concrete details have emerged so far. Indonesia outperformed, along with Taiwan ahead of May sales data from Taiwan Semiconductor Manufacturing Company (TSMC). Several markets closed lower, including Hong Kong and Mainland China, which both declined in the afternoon as investors took profits. Pakistan's market was closed for Eid al-Adha. The renminbi (CNY) was slightly weaker against the United States dollar, as investors tempered their optimism about a potential trade deal in the absence of any major announcements. Notably, Hong Kong saw 308 advancing stocks versus 170 decliners, but internet heavyweights weighed on the indices. It was a very light news day. Value stocks outperformed, while growth stocks were targeted for profit taking, with both Hong Kong and Mainland China giving up morning gains in the afternoon. Among Hong Kong-listed internet stocks, most declined except for KE Holdings, which gained +3.31% on news of Beijing's housing support measures. BYD rose +3.71% in Hong Kong and +1.43% in Mainland China, outperforming the broader electric vehicle (EV), hybrid, and auto sectors, which remained under pressure due to price war concerns. Internet regulators clarified live streaming rules, but this was widely expected and did not impact the market. One growth sector that continued to outperform was healthcare, with several companies posting double-digit daily returns. The rally in healthcare has been driven by cross-border deals, positive drug approvals, and broad policy support. Mainland China was weaker overall, with the exception of banks, despite above-average volumes in exchange-traded funds (ETFs) favored by the so-called National Team. Despite this intervention, markets declined as investors waited for further news from London. New Content Read our latest article: Navigating Global Crosswinds: Carbon Markets Respond to Tariff Tactics and Executive Orders Please click here to read Chart1 KraneShares Chart2 KraneShares Chart3 KraneShares Chart4 KraneShares Chart5 KraneShares Chart6 KraneShares
Business Insider
19-05-2025
- Business
- Business Insider
KE Holdings, Inc. Class A (2423) Gets a Buy from DBS
In a report released today, Ben Wong from DBS reiterated a Buy rating on KE Holdings, Inc. Class A (2423 – Research Report), with a price target of HK$62.25. The company's shares closed last Friday at HK$49.20. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Wong is a 3-star analyst with an average return of 11.7% and a 54.55% success rate. KE Holdings, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$67.39, representing a 36.97% upside. In a report released on May 8, J.P. Morgan also maintained a Buy rating on the stock with a HK$65.00 price target. The company has a one-year high of HK$73.50 and a one-year low of HK$34.00. Currently, KE Holdings, Inc. Class A has an average volume of 12.36M.
Yahoo
08-04-2025
- Business
- Yahoo
Why KE Holdings Inc. (BEKE) Went Down On Monday?
We recently published a list of . In this article, we are going to take a look at where KE Holdings Inc. (NYSE:BEKE) stands against other Chinese stocks that performed worst on Monday. Wall Street's main indices finished mixed on Monday as investors remained cautious amid the escalating trade tensions globally, with President Donald Trump threatening to slap China anew with a 50-percent tariff if the latter does not withdraw its countermeasure. The tech-heavy Nasdaq was the sole gainer during the day, up 0.10 percent. In contrast, the Dow Jones declined by 0.91 percent and the S&P 500 dropped by 0.23 percent. Meanwhile, 10 companies—predominantly Chinese stocks—were sold down as investors moved away to minimize the potential risks from the trade war. In this article, we have identified Monday's worst performers and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume. Aerial shot of a modern real estate development with residential homes. KE Holdings dropped for a second day on Monday, shedding 6.49 percent to end at $18.29 apiece as investors sold off positions on Chinese stocks amid the ongoing trade tensions between the United States and China. BEKE is a Chinese property holding company that engages in online and offline platforms for housing transactions and services. In recent news, it announced a dividend of $0.12 per ordinary share, or $0.36 per ADS, to holders of ordinary shares and ADS as of record date April 9, 2025, for Beijing, Hong Kong, and US time zones. The aggregate amount will be approximately $400 million and will be funded by a cash surplus on the company's balance sheet. In the fourth quarter of the year, BEKE's net income dropped by 13.9 percent to RMB577 million from RMB670 million in the same period a year earlier, despite revenues growing by 55 percent to RMB31 million from RMB20 million. For the full year 2024, net income declined by 30.7 percent to RMB4.078 billion from RMB5.889 billion, while revenues increased by 20.8 percent to RMB93 billion from RMB77 billion year-on-year. Overall, BEKE ranks 10th on our list of Chinese stocks that performed worst on Monday. While we acknowledge the potential of BEKE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BEKE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
