KE Holdings: Still Undervalued After A Solid Quarter

vm/E+ via Getty Images I first wrote about my investment thesis on KE Holdings (NYSE:BEKE) (Beike) in June 2024. Since then, the stock has been mostly flat, while the stock prices of most Chinese real estate developers have further declined amid the continuing slump of China's real estate market. BEKE reported its earnings for Q2 FY2024 on August 12th before the bell. The company's Q2 results demonstrated the resilience of its business model. Along with the earnings release, the company also announced a sig ...