Yamato reaffirms its "Outperform" rating on Beike-W (02423.HK) with a target price lowered to HK$46.

According to the Wise Financial APP, Daiwa has released a research report stating that it reaffirms its "outperform" rating on Beike-W (02423.HK), but has lowered its H-share target price from 56 Hong Kong dollars to 46 Hong Kong dollars. This adjustment is based on a forward P/E ratio of 23 times projected earnings per share for 2026.