Beike Holdings' second quarter outlook is better than expected, receiving a positive outlook.

Beike Holdings' second quarter outlook is better than Daiwa's expectations, prompting the analyst to be more bullish on the stock. The analyst stated in a report that the Chinese real estate platform is expected to generate revenue of approximately 24 billion yuan in the second quarter, representing a 7.0% decrease. The analyst added that the company indicated a solid market recovery trend and an increase in market share, while its overall cost and expense ratio continued to decline. Daiwa raised its revenue and profit forecasts for 2026 by 2% and 22% respectively, predicting a 5% decrease in revenue and a 63% increase in adjusted net profit. Daiwa upgraded its rating from hold to buy, and raised its target price from HK $41.00 to HK $53.00.