HU-BEKE@EC2612A

Peng Yongdong and Yan Jigang Donate 10 Million Shares to Establish 'Healthy Home Guardian Fund' Project

Ke Holdings Co-founders Donate Shares to Establish Employee Health Fund

KE.com adjusts talent flow rules, removes broker movement restrictions

Kejian Launches Industry Self-regulation Norms, Requiring Agents to Adhere to 'Neutral Market View'

Goldman Sachs Downgrades KE Holdings to Neutral and Adjusts Financial Projections

Beijing's New Property Market Policy Boosts Market Activity After One Month

GF Securities Provides Rating and Performance Forecast for KE Holdings

KE Holdings repurchased shares worth $3 million

Kejian-W repurchased 589,100 shares for about $3.5 million

Kejian-W repurchased 603,500 shares

KE Holdings repurchased 598,900 shares for approximately 3.5 million USD

CITIC Securities and DBS Maintain Buy Rating and Target Price for KE Holdings

KE Holdings repurchased 615,000 shares

KE.com Issues Internal Notice Reiterating Market Neutrality

Kejian-W repurchased $3.5 million worth of shares

KE Holdings repurchased 609,400 shares for $3.5 million

DBS Analyst Maintains Buy Rating for Ke Holdings A Shares

KE Holdings repurchased 602,200 shares for 3.5 million USD

KE Holdings Inc repurchased about 939,000 shares for about $5 million

Ke Holdings' Beihaohome Real Estate Projects Succeed in Chengdu and Shanghai

CCOE

ASIAPAC FIN INV

STARCOIN GROUP

CH INNOVATION

WELIFE TECH

DRINDA

SANERGY GROUP

MAINLAND HOLD

RMH HOLDINGS

MEGAIN

BEKE

00027

02423

GXYYY

Hong Kong shares fell 168 points (0.6%) to 26,602 as traders awaited February PMI data. U.S. futures also slipped amid IMF warnings about the excessive U.S. current account deficit. Despite the city's projected operating surplus for 2026/27 and easing inflation at 1.1%, the tech index declined, with Nvidia's strong results failing to boost sentiment. Consumer stocks weakened due to concerns over post-holiday spending, with notable laggards including KE Holdings (-4.9%) and Galaxy Entertainment (-3.7%).

Trading Economics

GALAXY ENT

BEKE-W

Galaxy Entertainment Group

NVIDIA

Hong Kong Market Falls as China PMI Release Nears

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89988

HBBD

BABA

02319

CIADY

09868

XPEV

0225 | Dolphin Research Key Watch: 🐬 Macro/Industry 1) Today, Hong Kong Financial Sec. Paul Chan unveiled the FY2026/27 Budget, focused on I&amp;T and finance, with measures to support the AI industry, advance RMB internationalization, improve livelihoods, and develop the Northern Metropolis. On hard tech, the HKSAR Gov. will set up a HK$10 bn I&amp;T Industry Co-investment Fund, targeting strategic areas including life sciences &amp; healthcare, AI and robotics. The Budget projects Hong Kong GDP growth of 2.5%-3.5% in 2026...

HK Budget Ups I&T; META, AMD Seal 100bn-Class Compute Deal | Daily News Recap

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BEKE-W(02423) rose 5.63%, with a trading turnover 826.8 Million HKD, and a year-to-date rose 12%. CONCH CEMENT(00914) rose 5.53%, with a trading turnover 764.8 Million HKD, and a year-to-date rose 20.9%. MINIMAX-WP(00100) fell 14.38%, with a trading turnover 2.3 Billion HKD, and a year-to-date rose 356.7%. KNOWLEDGE ATLAS(02513) fell 10.75%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 382.4%.

- The Hang Seng Index rose by 0.66%, with a year-to-date increase of 4.4%, while the Hang Seng Tech Index fell by 0.19%, down 4.6% year-to-date.  
- Beike-W (02423) gained 5.63% with a trading volume of HKD 830 million, marking a 12% rise for the year, whereas Conch Cement (00914) increased by 5.53% with a trading volume of HKD 760 million, showing a 20.9% year-to-date gain.  
- MINIMAX-WP (00100) dropped 14.38% on a trading volume of HKD 2.27 billion, yet has surged 356.7% this year, while Zhiyuan (02513) fell 10.75% with a trading volume of HKD 1.68 billion, maintaining a year-to-date increase of 382.4%.

Top Gainers & Losers

CONCH CEMENT

HSBC HOLDINGS

CHALCO

MINIMAX-WP

KNOWLEDGE ATLAS

MONTAGE TECH

GIGADEVICE

HORIZONROBOT-W

Top 5 HK Stock Gainers/Losers (>100B) (2.25)

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03993

09987

09927

09980

01913

MINIMAX-WP(00100) rose 24.56%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 413.3%. MONTAGE TECH(06809) rose 14.05%, with a trading turnover 572.0 Million HKD, and a year-to-date rose 97.4%. YUM CHINA(09987) fell 4.58%, with a trading turnover 136.7 Million HKD, and a year-to-date rose 13.1%. SERES(09927) fell 3.2%, with a trading turnover 31.0 Million HKD, and a year-to-date fell 9.5%.

LAOPU GOLD

CMOC

YUM CHINA

SERES

EASTROC

PRADA

Top 5 HK Stock Gainers/Losers (>100B) (2.16)

01179

KPDD

PDDL

Gao Yi Asset's holdings in U.S. stocks, as disclosed in the filings with the U.S. Securities and Exchange Commission for the end of 2025, show that it holds shares in 13 companies with a total market value exceeding $600 million. The focus is on Chinese concept stocks, particularly increasing positions in PDD and KE in the fourth quarter of last year, and newly purchasing shares in Yatsen. The top ten holdings include Huazhu Group, PDD, Google, etc., with Chinese concept stocks dominating. The shareholding in PDD has increased to 1.333 million shares, an increase of 629,000 shares compared to the end of the third quarter of last year

36Kr

Yatsen

HWORLD-S

KraneShares 2x Long PDD Daily ETF

GraniteShares 2x Long PDD Daily ETF

Gao Yi Asset's US stock holdings exposed, increasing positions in PDD, KE, and others

03750

603993

518880

The Hang Seng Index Company announced the latest quarterly review results, with CATL, LAOPU GOLD, and CMOC being included in the Hang Seng Index constituent stocks, increasing the total to 90 stocks, while Zhongsheng Group was removed. In the case of the Hang Seng China Enterprises Index, BEKE and HORIZONROBOT-W were included, while China Resources Beer and Mengniu Dairy were removed, maintaining a total of 50 constituent stocks. There were no changes in the constituent stocks of the Tech Index

Stheadline

CATL

Huaan Yifu Gold ETF

The Hang Seng Index quarterly review reveals that CATL, LAOPU GOLD, and CMOC have turned blue, increasing the number of blue-chip stocks to 90

HSCEI

02828

512690

00291

Hang Seng Indexes Company announced that in the quarterly review results up to December 31, 2025, the Hang Seng China Enterprises Index will add BEKE-W and HORIZONROBOT-W, while removing CHINA RES BEER and Mengniu Dairy. The total number of constituent stocks will remain at 50, and all changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026

AASTOCKS

Hang Seng China Enterprises Index

HSCEI ETF

Penghua CSI Alcoholic Drink ETF

MENGNIU DAIRY

CHINA RES BEER

Mengniu Dairy

In the "Quarterly Review," the Hang Seng China Enterprises Index includes BEKE-W and HORIZONROBOT-W while excluding CHINA RES BEER and Mengniu Dairy

09888

TCOM

The NASDAQ Golden Dragon China Index initially closed down 2.9%. Among popular Chinese concept stocks, Tencent Music initially closed down 10%, Trip.com fell 6%, KE dropped 5.8%, Bilibili, Baidu, CSI Solar, and YUM China fell over 4%, Alibaba dropped 3.4%, Atour rose 1.2%, and Century Internet rose 3.7%

Wallstreetcn

BIDU-SW

Invesco Golden Dragon China

Trip.com

Tencent Music

Global X E-commerce ETF

BABA 2x Long Daily ETF - GraniteShares

Guotai MSCI China A ESG General ETF

YUM China

Roundhill China Dragons ETF

NASDAQ Golden Dragon China Index

Baidu

ALI HEALTH

BILIBILI-W

CSI Solar

Alibaba

KraneShares 2x Long BABA Daily ETF

Yinhua MSCI China A ETF

BABA-W

Bilibili

Direxion FTSE China Bull 3X

TRIP.COM-S

TME-SW

XLRE

CMB International predicts that KE's revenue in the fourth quarter of last year will decline by 28.5% to RMB 22.2 billion, with an expected quarterly non-GAAP net profit of RMB 427 million and a net profit margin of 1.9%. Nevertheless, CMB International is optimistic about KE's technological capabilities and service quality, forecasting that this year's non-GAAP net profit will reach RMB 7 billion, a year-on-year increase of approximately 42%. Therefore, the target price for KE has been raised to $21.8, maintaining a "Buy" rating

iShares Residential and Multisector Real Estate ETF

Vanguard Real Estate ETF

Real Est Select Spdr

iShares Global REIT

SPDR Dow Jones Global Real Estate ETF

iShares US Real Estate ETF

Schw Us Reit

WisdomTree New Economy Real Estate Fund

FlexShares Glbl Quality Real Estate ETF

CITIC International raised KE's target price to $21.8, expecting a profit recovery this year

Goldman Sachs published a research report stating that KE-W benefits from policy support boosting investor confidence and the recent strong performance of the second-hand housing market, driving up its stock price. However, the firm believes that due to KE's valuation becoming reasonable after the recent stock price increase, it has downgraded its rating from "Buy" to "Neutral." Additionally, based on earnings revisions and valuation rolling to the end of 2026, the target price for KE has been adjusted to HKD 49, while the target price for KE's U.S. stock has been adjusted to USD 19

Goldman Sachs: KE's valuation has become reasonable, downgraded to "Neutral"

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CTG DUTY-FREE(01880) rose 7.98%, with a trading turnover 414.8 Million HKD, and a year-to-date rose 22.8%. BEKE-W(02423) rose 7.56%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 25.2%. SANDS CHINA LTD(01928) fell 7.96%, with a trading turnover 1.1 Billion HKD, and a year-to-date fell 11.5%. HORIZONROBOT-W(09660) fell 5.94%, with a trading turnover 2.1 Billion HKD, and a year-to-date fell 3.1%.

CTG DUTY-FREE

CHINA OVERSEAS

JIANGXI COPPER

ANTA SPORTS

SANDS CHINA LTD

HUA HONG SEMI

Top 5 HK Stock Gainers/Losers (>100B) (1.29)

In a report released yesterday, from GF Securities maintained a Buy rating on KE Holdings, Inc. Class A, with a price target of HK$58.37. The company’s shares closed today at HK$47.66.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Currently, the analyst consensus on KE Holdings, Inc. Class A is a Strong Buy with an average price target of HK$54.55.

Tip Ranks

KE Holdings, Inc. Class A (2423) Gets a Buy from GF Securities

KE Holdings (NYSE:BEKE) has confirmed its Class A share count at approximately 3.37 billion and has engaged in significant share buybacks, indicating strong capital management. Currently trading at $17.32, the stock shows a 7.85% year-to-date return but a 75.02% decline over five years. Analysts suggest a fair value of $20.37, indicating the stock may be undervalued. The company is diversifying its revenue through high-margin services, which now account for 41% of total sales. However, the stock trades at a P/E of 40.3x, above industry averages, raising concerns about growth risks.

Simplywall

KE Holdings (NYSE:BEKE) Valuation Check As Ongoing Share Buybacks Signal Confidence

In a report released yesterday, from Southwest Securities maintained a Buy rating on KE Holdings, Inc. Class A, with a price target of HK$55.08.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential In a report released on January 7, DBS also maintained a Buy rating on the stock with a HK$52.09 price target.

KE Holdings, Inc. Class A (2423) Receives a Buy from Southwest Securities

Today’s Key News Recap

Meta Platforms

Kimball Electron

BABA-WR

Alibaba HK SDR 5to1

Unity Software

XPENG-W

XPeng

1111 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. The U.S. Senate has passed a temporary spending bill aimed at ending the longest government shutdown in history, which has lasted for 41 days. The bill now requires approval from the House of Representatives and the President's signature to take effect. This move is a result of bipartisan compromise, providing short-term relief from economic and livelihood impacts, but the core disagreements are merely postponed, with the possibility of another deadlock after January 30th, highlighting the increasing trend of political polarization in the United States. 🐬 Individual Stocks 1. $Baidu(BIDU.US) RoboTaxi has received the first batch of fully unmanned commercial operation licenses issued by the Abu Dhabi Integrated Transport Center...

Intel

Disc Medicine

SIASUN

Morgan Stanley

Integra Group (Russia) Sponsored GDR RegS

Integral Acquisition  1

HESAI-W

Hesai

OpenAI

Destiny Tech100

Citigroup

XPeng surged 17% in a single day; Intel AI Chief jumps ship to OpenAI | Today's Important News Recap

HU-BEKE@EC2612A(23515.HK)

Hong Kong Market Falls as China PMI Release Nears

HK Budget Ups I&T; META, AMD Seal 100bn-Class Compute Deal | Daily News Recap ---

Top 5 HK Stock Gainers/Losers (>100B) (2.25)

Top 5 HK Stock Gainers/Losers (>100B) (2.16)

Gao Yi Asset's US stock holdings exposed, increasing positions in PDD, KE, and others