Dahua Jixian: Increases Shell Target Price to HKD 70
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Securities Times Network News: Dahua Jixian released a report stating that Beike's profit in the third quarter exceeded expectations, with revenue increasing by 27% year-on-year, which is in line with market expectations but lower than the previous 32% growth forecast. Non GAAP's net profit decreased by 17% year-on-year to 1.8 billion yuan, and the company expects its fourth quarter revenue to increase by 39% to 44% year-on-year. Dahua Jixian maintains its "buy" rating on Beike and has raised its target price from 67 Hong Kong dollars to 70 Hong Kong dollars.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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