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【券商聚焦】里昂削新世界发展(00017)目标价63.3%至10.96港元 评级下调至“沽售”

[Brokerage Focus] Lyon cuts New World Development (00017) target price by 63.3% to HK$10.96 and downgraded to “sell”

金吾資訊 ·  10/03/2023 10:20

Jin Wu Financial News | Lyon reported that in New World Development's (00017) 2023 fiscal year's annual results, the dividend was much lower than market expectations. Excluding the one-time special dividend that may be generated from the sale of NWS Group (00659), the dividend yield is currently only 5%, the lowest of all Hong Kong property developers. The bank believes that New World Development's balance sheet will be strengthened after that, but will inevitably see some negative impact on future earnings and dividends.

The bank cut New World Development's target price by 63.3 per cent from HK $29.9 to HK $10.96 and its rating from "buy" to "sell".

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