KE Holdings Inc Class A

02423: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Beike Earnings: Valuation Lifted by 9% on More Upbeat Margin Forecast Amid Cost Optimization

Jeff Zhang

May 20, 2026

KE Holdings, or Beike, posted a 19% year-on-year revenue decline for the first quarter of 2026 due to weakness in property prices and new home sales. Nonetheless, operating margin rose to 6.7% from 2.5% a year ago, driven by enhanced personnel efficiency and disciplined marketing spending.

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United States

KE Holdings Inc Class A

Beike Earnings: Valuation Lifted by 9% on More Upbeat Margin Forecast Amid Cost Optimization

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