UBS: Raises Beke H-shares target price to HK$60, increases profit forecast for 2025-2027.

UBS released a research report stating that it is upgrading Beike's rating from "neutral" to "buy" because the group's gross profit margin bottomed out in the fourth quarter of last year, and the turnaround of the home decoration business is faster than expected. The bank has raised the target price of H shares from HK$57.2 to HK$60, and the target price of US stocks from $22.1 to $23, and has increased profit forecasts for 2025 to 2027 by 1 to 5%, as profit margin forecasts for the home decoration business are expected to be revised upwards.