Gold Ten Data, August 13th: Goldman Sachs issued a report stating that Beike (02423.HK) second-quarter performance exceeded expectations, and the stock price is expected to react positively. The report pointed out that Beike's second-quarter revenue and profit contributions from all divisions were higher than the bank's and market forecasts. The bank expects to hear more about the management's outlook for total transaction volume and revenue in the third quarter during the performance conference call, and the current inclination is that the outlook is similar to previous quarters, which is relatively conservative and may be slightly weak against the backdrop of July housing transaction data. Goldman Sachs gives Beike a buy rating, with a target price of $21 for US stocks and HK$54 for Hong Kong stocks, based on a forecasted 2025 P/E ratio of 17 times.
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Goldman Sachs: Los resultados del segundo trimestre de Beike superaron las expectativas y se espera una reacción positiva en el precio de las acciones
Gold Ten Data, August 13th: Goldman Sachs issued a report stating that Beike (02423.HK) second-quarter performance exceeded expectations, and the stock price is expected to react positively. The report pointed out that Beike's second-quarter revenue and profit contributions from all divisions were higher than the bank's and market forecasts. The bank expects to hear more about the management's outlook for total transaction volume and revenue in the third quarter during the performance conference call, and the current inclination is that the outlook is similar to previous quarters, which is relatively conservative and may be slightly weak against the backdrop of July housing transaction data. Goldman Sachs gives Beike a buy rating, with a target price of $21 for US stocks and HK$54 for Hong Kong stocks, based on a forecasted 2025 P/E ratio of 17 times.