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UOB Kay Hian wrote in its report that BEKE-W (02423.HK)'s 3Q24 earnings exceeded expectations. Its revenue grew 27% YoY to RMB22.3 billion, in line with market expectations but below the previous estimate of a 32% YoY increase.The company's non-GAAP net profit fell 17% YoY to RMB1.8 billion, 6% higher than market expecta...
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BEKE-W (02423.HK) announced its results for the third quarter ended September, with a total net revenues of RMB22.585 billion under US Generally Accepted Accounting Principles (GAAP), up 26.8% YoY. Net income amounted to RMB1.171 billion, up 1.1%, with a net EPS of RMB0.35.~AAStocks Financial NewsWeb Site: www.aastocks.com
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In the 46th week of 2024 (11-17 November), the trading volume of second-hand properties in Shenzhen was 1,959 units, down 12.5% WoW, according to the statistics from Shenzhen Real Estate Intermediary Association. With the concentrated release of demand accumulated in the early stage of the market and the high consumption of qual...
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David Tepper, the billionaire investor who has vowed to buy “everything” related to China, pare back on his Alibaba (BABA.US) investment in the third quarter.Tepper's hedge fund, Appaloosa Management, reduced its stake in Alibaba by 5%, according to a regulatory filing, but Alibaba remains the hedge fund's la...
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The selling prices of newly-built residential properties in T1 cities in China sank 4.6% YoY in October, down 0.1 ppt from the previous month, as data released by the National Bureau of Statistics (NBS) showed. Among which, Beijing, Guangzhou and Shenzhen tracked declines of 4.9%, 10.4% and 8.1% respectively, while Shanghai saw ...
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