Core Insights - KE Holdings Inc. (BEKE) has reached an important support level and is considered a good stock pick from a technical perspective due to a recent "golden cross" event [1] - The golden cross indicates a bullish breakout, occurring when the 50-day simple moving average surpasses the 200-day simple moving average, which is a strong indicator of potential upward momentum [1] - BEKE's shares have increased by 37.4% over the past four weeks, and the company holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting a favorable outlook for further price appreciation [1] Technical Analysis - A golden cross consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [1] - The golden cross is contrasted with a death cross, which signals potential bearish price movement [1] Earnings Outlook - The positive earnings outlook for BEKE further supports the bullish case, as no earnings estimates have been cut for the current quarter [1]

Core Viewpoint - KE Holdings Inc. reported a significant decline in gross transaction value and net revenues for the first quarter of 2024, reflecting challenges in the housing market while also highlighting growth in home renovation and rental services [2][7][10]. Financial Performance - Gross transaction value (GTV) decreased by 35.2% year-over-year to RMB629.9 billion (US$87.2 billion) [2][7]. - Net revenues fell by 19.2% year-over-year to RMB16.4 billion (US$2.3 billion) [7][19]. - Net income was RMB432 million (US$60 million), a decrease from RMB2,750 million in the same period of 2023 [19][20]. - Adjusted net income was RMB1,392 million (US$193 million), down from RMB3,561 million year-over-year [19][20]. Segment Performance - Existing home transaction services GTV decreased by 31.8% to RMB453.2 billion (US$62.8 billion) [2][8]. - New home transaction services GTV dropped by 45.4% to RMB151.8 billion (US$21.0 billion) [2][10]. - Home renovation and furnishing revenues increased by 71.1% to RMB2.4 billion (US$0.3 billion) [11]. - Home rental services revenues surged by 189.3% to RMB2.6 billion (US$0.4 billion) [11]. Operational Metrics - The number of stores increased by 7.1% year-over-year to 44,216 [2]. - Active agents decreased by 3.0% year-over-year to 399,159 [2]. - Mobile monthly active users averaged 47.7 million, up from 45.4 million in the same period of 2023 [2]. Strategic Initiatives - The company is focusing on enhancing customer experience and service capabilities through innovative approaches such as short videos and live streaming [3]. - A "one body, three wings" strategy is being implemented to adapt to the evolving market environment [5]. Shareholder Returns - Approximately US$220 million was allocated to share repurchases in the first quarter [6][25]. - The company aims to provide sustained returns to shareholders while optimizing capital allocation [6]. Cash Position - As of March 31, 2024, the combined balance of cash, cash equivalents, restricted cash, and short-term investments was RMB60.8 billion (US$8.4 billion) [21]. Business Line Changes - The company has begun separately reporting financials for home rental services to provide better insight into revenue structure and margin trends [22][23].

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. KE Holdings Inc. Sponsored ADR (BEKE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.KE Holdings Inc. Sponsored ADR is one of 854 individual stoc ...

BEIJING, May 10, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE:BEKE, HKEX: 2423))), a leading integrated online and offline platform for housing transactions and services, today announced that it will report its unaudited financial results for the first quarter of 2024 before the U.S. market opens on Thursday, May 23, 2024. The Company's management will hold an earnings conference call at 8:00 A.M. Eastern Time on Thursday, May 23, 2024 (8:00 P.M. Beijing Time on Thursday, May 2 ...

Investors looking for stocks in the Real Estate - Operations sector might want to consider either KE Holdings Inc. Sponsored ADR (BEKE) or Zillow (Z) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Styl ...

Core Viewpoint - KE Holdings Inc. has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC, highlighting its ongoing commitment to transparency and investor relations [1]. Company Overview - KE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services in China, operating under the brand Lianjia, which has over 22 years of experience since its inception in 2001 [2]. - The company aims to reinvent housing transactions by building infrastructure and standards that enhance efficiency for service providers and customers across various services, including home sales, rentals, renovations, and furnishings [2].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

BEIJING, April 26, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE:BEKE), a leading integrated online and offline platform for housing transactions and services, today released its 2023 Environmental, Social and Governance report (the "2023 ESG report"), highlighting Beike's commitment to sustainability under its corporate mission of "admirable service, joyful living," and the guiding principle of "being virtuous while seeking growth." Mr. Stanley Yongdong Peng, Co-founder, Chairm ...

BEIJING, April 26, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE:BEKE, HKEX: 2423))), a leading integrated online and offline platform for housing transactions and services, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 10:00 a.m. Beijing time on Friday, June 14, 2024 at Oriental Electronic Technology Building, No. 2 Chuangye Road, Haidian District, Beijing, PRC, for the purposes of considering and, if thought fit, passi ...

The Zacks Real Estate Operations industry continues to face persistent hurdles, including high interest rates, macroeconomic uncertainty and geopolitical tensions. Stricter lending norms limit access to credit, increasing borrowing costs and slowing transaction activity. Clients are adopting cautious behavior due to high rates, delaying transactions and seeking thorough price discovery.Nevertheless, the industry sees growth prospects in the increasing adoption of outsourced real estate services and other em ...