贝壳：To ride on the policy tailwind in 4Q

22 Nov 2024 CMB International Global Markets | Equity Research | Company Update Ke Holdings (BEKE US) To ride on the policy tailwind in 4Q Beike reported (21 Nov) 3Q24 results: revenue increased 27% YoY to RMB22.6bn, 1.5%/4.7% below Bloomberg consensus/CMBI estimates, mainly due to the mixed performance where existing home GTV (EHT) was dragged by low home transaction sentiment and new home transactions (NHT) were benefited from market share gains. Non-GAAP net income was RMB1.8bn, representing a margin of ...