The analyst rating from UBS for BEKE-W (02423.HK) was kept at Neutral due to a reassessment of the company's market share and recent market trends. The report indicated a continued decline in the company's market share in China's major cities, although the rate of decline had slowed. Additionally, the physical market trend remained weak, with home prices in key cities falling. As a result, UBS lowered its earnings forecasts for 2026-2027 by 4-5% and adjusted its target prices for both US and H-shares, reflecting a cautious outlook on the company's revenue prospects.

DBS

Buy

downgrade

2025-11-13

Reason

DBS

Price Target

2025-11-13

downgrade

Buy

Reason

The analyst rating for BEKE-W (02423.HK) is a "Buy," as reiterated by DBS. The reason for this rating is that the company's 3Q25 results were in line with expectations, despite a mediocre performance attributed to weakened operating leverage due to a decline in total residential transaction volume. Additionally, BEKE-W is viewed as a top choice as a recovery indicator stock in the housing market. However, the target price was cut from HKD62.25 to HKD52.09, reflecting concerns over the company's conservative 4Q25 guidance for net income and margins.

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Valuation Metrics

The current forward P/E ratio for (02423.HK) is 23.26, compared to its 5-year average forward P/E of 37.54. For a more detailed relative valuation and DCF analysis to assess 's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

37.54

Current PE

23.26

Overvalued PE

77.28

Undervalued PE

-2.21

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

21.20

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

41.92

Undervalued EV/EBITDA

0.49

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

2.01

Current PS

0.00

Overvalued PS

2.91

Undervalued PS

1.11

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Frequently Asked Questions

What is (02423) stock price today?

The current price of 02423 is 43.3 USD — it has increased 0.98

What is (02423)'s business?

What is the price predicton of 02423 Stock?

Wall Street analysts forecast 02423 stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02423 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is (02423)'s revenue for the last quarter?

revenue for the last quarter amounts to NaN USD, decreased

What is (02423)'s earnings per share (EPS) for the last quarter?

. EPS for the last quarter amounts to USD, decreased

How many employees does (02423). have?

(02423) has 0 emplpoyees as of March 03 2026.

What is (02423) market cap?

Today 02423 has the market capitalization of 0.00 USD.

02423 Overview