KE Holdings Inc. (BEKE) stock prices were down by 5.15% as of the market closing on August 11th 2021. This brought the price per share down to USD$19.88% at the end of the trading day. Subsequent after hours trading saw the stock fall by 6.24%, bringing it down to USD$18.64.
BEKE Stock’s GTV Reports
The second quarter of fiscal 2021 saw BEKE stock report a gross transaction value of USD$189.1 billion, representing a year-over-year increase of 22.2%. the GTV of existing home transactions came out to USD$101 billion, representing a year-over-year increase of 11.7%. GTV of new home transactions came out to USD$77.2 billion, up 32.3% from the prior year quarter. BEKE reported GTV of emerging and other services at USD$10.9 billion for the quarter, representing an 80.5% increase from Q2 2020.
Scope of Existing Business
BEKE stock reported operating a total of 52,868 stores as of June 30th 2021, 25.1% higher than the number of stores in operation as of a year ago. The company had a total of 548,600 agents as of June 30th 2021, representing a 20.3% increase from the prior year quarter. Mobile monthly active users averaged 52.1 million for the quarter, up 33.5% from the MAU reported for Q2 2020.
BEKE Stock’s Quarterly Developments
The quarter saw BEKE stock continue the upgrading of its Agent Specialization Strategy. The company also continued to facilitate the expansion of its professional contract service centers to 287 locations. The company continued to enrich its new home related online content. To this end, it made steady progress with its ‘New Home Business Conduct Improvement Plan’.
Steps Towards Growth
Concurrently, BEKE stock sustained the momentum of its rapid growth in emerging services over the course of the quarter. The company’s proposed acquisition of Shengdu is expected to accelerate its home renovation business development. BEKE also launched the Home SaaS system 1.0 to further enhance the end-to-end standardization and digitalization of the company’s home renovation services. The company expects housing to be an increasingly important focal point for people’s livelihoods, on the basis of there always being long-term demand for better living by consumers.
Future Outlook for BEKE Stock
BEKE stock is poised to recover from its recent fluctuations in shareholder value as the pandemic rages on. The company is keen to set the stage for the normalization of the economy in a post-pandemic landscape. Current and potential investors are hopeful that management will be able to leverage the resources at their disposal. Investors hope this will result in significant and sustained increases in shareholder value.
