10 Stocks Outperform Wall Street Indices on Wednesday

6. KE Holdings Inc. (NYSE:BEKE)

Shares of KE Holdings rallied for a second day on Wednesday, adding 7.62 percent to finish at $22.87 apiece as investors gobbled up shares in the company following bullish analyst outlooks.

Just recently, BEKE earned a ‘strong buy’ rating and a price target of $22.1 from HSBC Global Research, saying that there are 10 signs that the Chinese real estate market has already bottomed out, making Chinese real estate stocks more attractive.

According to the report, signs include year-on-year growth in new home sales, recovery in housing prices, price expectations reset, a surge in land sales, and foreign investment participation.

It also said that the market experienced continued housing completions, easier access to credit for developers, higher household risk appetite, gradual clearing of real estate inventory, and rental yields becoming more attractive compared to government bond yields.

KE Holdings is an integrated online and offline platform for housing transactions and services in China. It operates Lianjia, China’s leading real estate brokerage brand.