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Pinning Down New World Development Company Limited's (HKG:17) P/S Is Difficult Right Now
Open Source Securities: New World Development (00017) has both Hong Kong and mainland market layouts, with guaranteed profit space in the future. First, it is rated as a "buy".
Open Source Securities expects new world dev to have a net income attributable to shareholders of 1.08, 1.39, and 1.72 billion Hong Kong dollars for the fiscal years 2024-2026.
MLS: The demand for first-hand properties in Hong Kong remains strong, with expectations for the volume of first-hand transactions to double from June to July.
The new property market is expected to remain lively in the second half of the year, with first-hand transaction volume expected to double in July compared to June.
Express News | World's 1St 100% Doraemon & Friends Exhibition at Victoria Dockside, K11 Art and Cultural District Drives Surge of 30% in Footfall and 60% in Tourist Sales at K11 Musea During the Opening Weekend
Market Chatter: New World Development, Far East Consortium International's Apartment Project Gets 5,000 Orders
Hong Kong property stocks are doing well. Wharf REIC (01997) rose 2.4%. The sector is short-term strong, but facing fundamental challenges.
Hong Kong property stocks rose in early trading, with Wharf Reic (01997) up 2.4%, Henderson Land (00012) up 2.45%, SHK PPT (00016) up 1.63%, New World Dev (00017), Hang Lung PPT (00101), Sino Land (00083) and others followed suit. The Tourism Board announced that the preliminary number of visitors to Hong Kong in June was 3.13 million, an increase of 14% from the same period last year. Cumulatively, there were about 21 million visitors to Hong Kong in the first half of this year, an increase of 64% compared to last year, with an average daily passenger volume of 0.116 million.
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