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22113 JP-BEKE@EC2607A (CALL)
RT Nominal down0.120 -0.009 (-6.977%)

11/11/2025 16:02

{I-bank focus}Daiwa lowers KE Holdings (02423) to HKD46

[ET Net News Agency, 11 November 2025] Daiwa lowered the target price for KE Holdings
(02423) to HKD46 from HKD56 and maintained the "outperform" rating.
The research house said it lowers 2025-27E EPS by 19-37% to factor in the
weaker-than-expected GTV growth in 4Q25 and 2026. (rc)

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