热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 贝壳-W（02423）盘中涨超10%，截至发稿，股价上涨8.71%，现报47.94港元，成交额4.95亿港元。 2月13日，恒生指数公司宣布截至2025年12月31日的恒生指数系列季度检讨结果，恒生中国企业指数加 入贝壳-W等成份股。变动将于2026年3月6日（星期五）收市后实施并于2026年3月9日（星期一）起生 效。 责任编辑：卢昱君 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 贝壳-W（02423）盘中涨超10%，截至发稿，股价上涨8.71%，现报47.94港元，成交额4.95亿港元。 2月13日，恒生指数公司宣布截至2025年12月31日的恒生指数系列季度检讨结果，恒生中国企业指数加 入贝壳-W等成份股。变动将于2026年3月6日（星期五）收市后实施并于2026年3月9日（星期一）起生 效。 招银国际发布研报称，预测受高基数影响，贝壳-W去年第四季收入将按年下跌28.5%至222亿元人民币 （下同），计及一次性成本控制措施后，预测季度非通用会计准则（non-GAAP）净利润为4.27亿元， non ...

Core Viewpoint - The report from Jianyin International initiates coverage on Beike-W (02423) with a "buy" rating, projecting a target price of HKD 60.6 based on a 21x P/E ratio for 2026 [1] Group 1: Market Position and Growth - Beike's market share in Gross Transaction Value (GTV) is estimated to be around 23% for 2024, with expectations for further market share growth [1] - The company is expected to leverage its platform ecosystem to expand into real estate-related services, aiming for long-term growth [1] Group 2: Revenue and Profitability Projections - Revenue compound annual growth rate (CAGR) is projected to reach 14% from 2024 to 2027, primarily driven by non-residential transaction businesses [1] - Housing transaction service revenue is expected to remain stable due to moderate growth in transaction amounts and declining commission rates [1] - Non-GAAP net profit margin is anticipated to be temporarily affected by investments in home renovation and leasing businesses in 2025, but is expected to gradually recover to around 8.5% by 2027 [1] - The projected CAGR for non-GAAP net profit from 2024 to 2027 is estimated to be 17% [1]

Core Viewpoint - Jianyin International has initiated coverage on Beike-W (02423) with a "outperform the market" rating, setting a target price of HKD 60.6 based on a 21x P/E ratio for 2026 [1] Group 1: Market Position and Growth - Beike's market share in Gross Transaction Value (GTV) is approximately 23% for 2024, with expectations for further market share growth [1] - The company is expected to leverage its platform ecosystem to expand into real estate-related services, aiming for long-term growth [1] Group 2: Revenue and Profitability Projections - Revenue compound annual growth rate (CAGR) is projected to reach 14% from 2024 to 2027, primarily driven by non-residential transaction businesses [1] - Housing transaction service revenue is expected to remain stable due to moderate growth in transaction amounts and declining commission rates [1] - Non-GAAP net profit margin is anticipated to be temporarily impacted by investments in home renovation and leasing businesses in 2025, but is expected to gradually recover to around 8.5% by 2027 [1] - The non-GAAP net profit CAGR is projected to reach 17% from 2024 to 2027 [1]

KE (BEKE) Q4 2024 Earnings Call March 18, 2025 08:00 AM ET Company Participants Siting Li - Investor RelationsYongdong Peng - CEO, Co-Founder, Chairman & Executive DirectorTao Xu - CFO & Executive DirectorJizhou Dong - Head of China Consumer & Property Conference Call Participants Timothy Zhao - Equity Research AnalystGriffin Chan - AnalystEddy Wang - AnalystXiaodan Zhang - Equity Research Analyst Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings Inc. Fourth Quarter and Fiscal ...