HK Stock Market Move | BEKE-W(02423) fell nearly 3%, next week the third quarter performance will be announced. JP Morgan lowered the company's target price to HK$47.

BEKE-W (02423) fell nearly 3%, dropping 2.98% to HK$41.02 at the time of writing, with a turnover of HK$214 million. On the news front, Beike is planning to hold a board meeting on November 10 (next Monday) to consider and approve the unaudited financial performance of the group for the three months ending September 30, 2025, and its release. Credit Suisse released a research report stating that the company's performance in the third quarter is expected to roughly meet expectations, but there is a downside risk to the financial forecast for the fourth quarter and next year. The bank pointed out that due to the company's ongoing cost improvement efforts and active share buybacks this year, it is expected to achieve a shareholder return of 7% this year, thus maintaining its "hold" rating. However, as the bank lowered its earnings forecast for the company next year by 21%, the H-share target price was also lowered from HK$57 to HK$47.