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KE Holdings Inc. (NYSE:BEKE), a leading real estate services provider with a market capitalization of $29.3 billion, announced today its Class A ordinary shares have been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs. This inclusion enables investors in Mainland China to trade KE Holdings shares through the cross-boundary investment channels linking Hong Kong and Mainland Chinese stock markets. The announcement comes as the company demonstrates strong market performance, with a remarkable 96.6% return over the past year. According to InvestingPro analysis, KE Holdings maintains a solid financial position, holding more cash than debt on its balance sheet.
The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are initiatives designed to foster closer financial cooperation between Mainland China and Hong Kong. They allow investors from both markets to trade shares listed on the other’s exchange through their local securities firms or brokers. The inclusion of KE Holdings in these programs reflects the company’s growing prominence and the recognition of its business strength in the real estate sector. InvestingPro identifies KE Holdings as a prominent player in the Real Estate Management & Development industry, with revenue growth of 11% in the last twelve months.
KE Holdings operates a leading real estate platform that integrates real estate services across China. The company’s business model, which leverages technology and data-driven insights, has positioned it as a significant player in China’s real estate industry. The inclusion of its shares in the Stock Connect programs is expected to increase the liquidity of KE Holdings’ shares and broaden its investor base by providing easier access to Mainland Chinese investors.
XU Tao, Chief Financial Officer of KE Holdings, commented on the development, stating, "We are honored to be part of the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs. This marks an important milestone for KE Holdings, and we believe it will enhance our visibility in the capital markets and provide us with access to a wider investor community."
The company’s participation in the Stock Connect programs is effective immediately, as of today. This development is based on a press release statement and is intended to provide investors with the latest information regarding KE Holdings’ market accessibility.
Investors interested in KE Holdings will now have the opportunity to engage with the company’s shares through a mechanism that simplifies cross-border investment and potentially enhances trading volumes. The inclusion in the Stock Connect programs is a testament to KE Holdings’ compliance with the regulatory requirements and financial standards required for such cross-listing arrangements. With a P/E ratio of 48.25, InvestingPro data suggests the stock is trading at premium valuations, while maintaining strong liquidity with current assets exceeding short-term obligations. For deeper insights into KE Holdings’ valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
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