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NDVLY NEW WORLD DEVEL CO
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0.730
+0.070+10.61% Close 12/07 16:00 ET
0.755High0.682Low8.66KVolume
0.682Open0.660Pre Close6.44KTurnover0.00%Turnover Ratio29.20P/E (TTM)3.67BMarket Cap1.52052wk High29.20P/E (Static)5.03BShares0.65852wk Low0.12P/B3.67BFloat Cap2.314Historical High0.13Dividend TTM5.03BShs Float0.658Historical Low17.12%Div YieldTTM11.14%Amplitude0.743Avg Price1Lot Size
Full Hours
- 5D
- 1D
- 1W
- 1M
- 1Q
- 1Y
About NEW WORLD DEVEL CO Company
New World Development Co. Ltd. operates as an holding company, which engages in the property development and investment businesses. It operates through the following business segments: Property Development, Property Investment, Service and Infrastructure, Hotel Operations, Department Stores and Others. The Property Development segment focuses on the residential usage of company properties in China and Hong Kong. The Property Investment segment handles lands and buildings that are for lease or rent. The Service segment comprises of facilities management, contracting and transport, and strategic investments. The Infrastructure segment includes development of roads and ports, and energy, water and logistics projects. The Hotel Operations segment manages major hotel projects in Hong Kong, namely, Grand Hyatt Hong Kong, Hyatt Regency Hong Kong, Tsim Sha Tsui, Hyatt Regency Hong Kong, Sha Tin and Renaissance Harbour View Hotel. The Department Store segment operates department store retail chain in China. The Others segment includes media and technology businesses. The company was founded on May 29, 1970 and is headquartered in Hong Kong.
Revenue Breakdown
Business
Currency:HKD
2023/06/30
Stock NameRevenueRatio
Construction32.55B34.18%
Property development27.31B28.68%
Insurance20.99B22.04%
Others5.55B5.83%
Property investment5B5.25%
Roads2.73B2.87%
Hotel operations1.09B1.15%
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News
First Shanghai: Maintaining a “buy” rating for New World Development, with a target price of HK$19
According to a research report published by First Shanghai, New World Development (00017) Hong Kong has a dual engine layout in mainland Hong Kong, places equal emphasis on property development and ownership, maintains steady management and a good financial structure, and has a remarkable brand effect. It is expected that the recurring revenue ratio will rise to more than 50% of total revenue in 2026. As the company continues to deleveraging to optimize capital expenditure, return capital through the sale of non-core assets, buy back dollar bonds, reduce the net debt ratio, and improve operating efficiency. The bank expects the company's net profit of $670 million, $7.2 million and HK$750 million for the next three years, respectively. PB valuation based on company history
New World Development completed the sale of newly created shares and will pay a special dividend of HK$1.59 per share on December 20
New World Development (00017) announced that on November 9, 2023, the group submitted its acceptance of the newly created share offer for all of its approximately 2.38 billion newly created shares (accounting for about 60.85 percent of the newly created share capital issued on November 9, 2023). The Group completed the sale of all of its newly created shares on November 17, 2023; and on November 20, 2023, the Group received a total price of approximately HK$21,725 billion for newly created shares proposed for acceptance of the newly created shares. Following the completion of the sale, the Board of Directors met on September 2, 2023
CITIC Securities: First for New World Development, “Buy” Rating, Target Price HK$19, Third Generation Successor Leads New Direction
According to a research report released by CITIC Securities, New World Development (00017), as one of the few Hong Kong-funded developers located in mainland China and Hong Kong simultaneously, has some market influence and practical experience in both markets. The company's agricultural land reserves in Hong Kong have high conversion value, and there is good support for the mainland market strategy to focus on core regional sales and decontamination. Considering that the company's net debt ratio level is still high, and there are still some non-core assets in the report, but in the future, more high-quality projects will be invested in operations to contribute performance, CITIC Securities gave the company a PB valuation of 0.25x and a PE valuation of 4x for fiscal year 2024,
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