Chinese Stocks, ETFs Struggle As Multi-Trillion-Yuan Stimulus Hopes Fall Short, Yet More Measures 'Are Still On The Table'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
0mins
Source: Benzinga
Investor Sentiment Declines: U.S.-listed Chinese stocks started the week sluggishly as investor sentiment waned following a high-level briefing from Chinese authorities that failed to deliver expected stimulus measures, despite hints of increased fiscal support.
Mixed Stock Performance: Following the announcement, while some major Chinese stocks like Alibaba and Baidu experienced losses due to disappointment over the lack of immediate stimulus, others like JD.com and KE Holdings saw gains, reflecting a mixed response in the market.
Analyst Views on BEKE
Wall Street analysts forecast BEKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEKE is 20.11 USD with a low forecast of 18.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 18.170
Low
18.00
Averages
20.11
High
25.00
Current: 18.170
Low
18.00
Averages
20.11
High
25.00
About BEKE
KE Holdings Inc is a holding company mainly engaged in housing transactions and related services. The Company operates in four segments. The Existing Home Transaction Services segment mainly provides agency services to sales or leases of existing homes, and platform and franchise services to brokerage firms on Beike platform, as well as other transaction services. The New Home Transaction Services segment mainly provides new home transaction and agency services to real estate developers. The Home Renovation and Furnishing segment provides a one-stop solution to give housing customers access to a comprehensive range of home renovation and furnishing, ranging from interior design, renovation, re-modeling, furnishing, supplies, to after-sales maintenance and repair. The Emerging and Other Services segment is engaged in rental property management service business, financial service business and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
