Guangfa Securities: Maintains a "buy" rating on Beike-W (02423.HK), Q3 revenue growth slows, focusing on improving efficiency.

Intelligence Finance APP learned that Guotai Junan Securities released a research report stating that considering the continued pressure on the real estate industry, and Beike-W (02423.HK) pragmatically adjusting and cultivating internal strength, the net profit forecast for the years 2025-2027 was reduced to 3.718/4.774/5.82 billion yuan (a decrease of -11%/-8%/-4% from the previous forecast). The company is a leading real estate brokerage and is expected to benefit from the real estate recovery, with vast growth potential in home decoration and leasing in the long term. The "buy" rating is maintained.