Citi: Lower target price of Belongings-W (02423.HK) to HKD 52.09, reiterates "buy" rating.

Wisdom Finance APP learned that DBS released a research report stating that based on adjusted total transaction value and cost assumptions, it lowered the profit forecast for Beike-W (02423.HK) for the 2025 to 2026 fiscal years by 17 to 19%. Beike is the preferred stock for the recovery indicators in the real estate market, and it reiterated a "buy" rating, with a target price lowered from 62.25 Hong Kong dollars to 52.09 Hong Kong dollars. The target price for Beike (BEKE.US) in the US stock market was lowered from 23.41 US dollars to 19.36 US dollars.