UBS Lowers BEKE-W (02423.HK) Price Target to $47.5 Amid Ongoing Market Share Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
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Source: aastocks
UBS Research Report: UBS reassessed BEKE-W (02423.HK), noting a decline in market share in China's major cities, although the rate of decline has slowed compared to previous quarters.
Market Trends: The physical market remains weak, with home prices in major cities dropping by 1.7% month-over-month in November, prompting a moderate policy response from the Central Economic Work Conference.
Earnings Forecasts: UBS lowered its earnings forecasts for BEKE-W for 2026-2027 by 4-5% due to reduced revenue expectations.
Target Price Adjustments: UBS cut its target price for BEKE-W's US stock from $19 to $18 and for its H-shares from $48 to $47.5, maintaining a Neutral rating.
Analyst Views on 02423
Wall Street analysts forecast 02423 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02423 is USD with a low forecast of USD and a high forecast of 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.
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Current: 47.120
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Current: 47.120
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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.
