HK Stock Market Move | BEKE-W (02423) rose over 3%, with adjusted net profit performance in the second quarter exceeding expectations and operational efficiency improvements demonstrating sustainability.

BEKE-W (02423) rose over 3%, and as of the time of writing, it was up 3.31%, trading at HKD 46.88, with a transaction volume of HKD 472 million. In news, Beike released its performance announcement for the second quarter of 2026. In the second quarter, it achieved a net revenue of 24.5 billion yuan, with adjusted operating profit of 3.59 billion yuan. Adjusted net profit increased by 74.9% year-on-year to 3.185 billion yuan, and the adjusted operating profit margin reached 14.6%, up by 8.5 percentage points year-on-year. The transaction volume of second-hand homes on the Beike platform increased by 25% year-on-year, with the company's overall GTV reaching 933.8 billion yuan, an increase of 6.3%, achieving its first rise in a year. Industrial stated that as an industry leader, the company has strong a attributes, and its operational efficiency is sustainable. In the industry's stage, it is expected to release profit elasticity, maintaining a "Buy" rating. According to a Morgan Stanley research report, Beike is continuously expanding its market share, and together with strong second-quarter performance, it demonstrates its continuously improving operational efficiency and ability to outperform market benchmarks, which can long-term sustainable benefits, maintaining an "Overweight" rating.