Core Viewpoint - Bank of America Securities reports that Beike's Q3 revenue reached 23.1 billion yuan, a year-on-year increase of 2%, aligning with market consensus; adjusted net profit was 1.3 billion yuan, exceeding expectations; both home renovation and rental businesses have begun to generate significant profits [1] Summary by Category - Financial Performance - Q3 revenue of Beike was 23.1 billion yuan, representing a 2% year-on-year growth [1] - Adjusted net profit for Q3 was 1.3 billion yuan, which was better than expected [1] - Business Segments - Home renovation and rental businesses are showing significant profitability [1] - Market Outlook - Due to better-than-expected Q3 performance and an upward revision of Q4 forecasts, Bank of America raised its target price for Beike's US stock from $19 to $20, maintaining a "Buy" rating [1] - The target price for Beike's Hong Kong stock was increased from 49 HKD to 52 HKD [1]
大行评级丨美银：上调贝壳目标价至20美元 重申“买入”评级