NDVLY NEW WORLD DEVEL CO
- 0.550
- +0.058+11.68%
NEW WORLD DEVEL CO News
CITIC Securities: Maintaining New World Development's “Buy” Rating Target Price of HK$11
CITIC Securities released a research report stating that it maintains the New World Development (00017) “buy” rating, and considering that the company's business structure has undergone major adjustments, the company's core EPS forecast for the 2024-2026 fiscal year was adjusted accordingly to HK$3.53/3.55/4.27, with a target price of HK$11. In the first half of fiscal year 2024, the company completed the sale of newly created shares. The two major sectors of continuous operation, property development and property investment, performed well and had outstanding profitability. Retail consumer traffic in Hong Kong and mainland China picked up, and property sales support policies continued to be introduced. We expect the company to achieve it on a new business basis
NEW WORLD DEVEL CO To Go Ex-Dividend On March 20th, 2024 With 0.01278 USD Dividend Per Share
March 7th - $NEW WORLD DEVEL CO(NDVLY.US)$ is trading ex-dividend on March 20th, 2024. Shareholders of record on March 21st, 2024 will receive 0.01278 USD dividend per share on April 25th, 2024. T
New World Development: 1H Net Profit From Continuing Operations HK$502.0M Vs HK$575.8M
New World Development: 1H Net Profit From Continuing Operations HK$502.0M Vs HK$575.8M
Galaxy Lianchang: Hong Kong interest rates will follow the decline in US interest rates, and Hong Kong property prices are expected to drop by as much as 3% next year
The Federal Reserve is bound to cut interest rates next year. Zheng Huaiwu, head of China and Hong Kong research at Galaxy Lianchang Securities, said that Fed Chairman Powell's remarks indicated that members of the Federal Council discussed interest rate cuts during the meeting, raising the possibility of cutting interest rates in March next year to 77%, and that interest rates will be cut by 0.75% throughout the year. Based on the fall in US interest rates, I believe Hong Kong interest rates will follow, supporting the decline in Hong Kong property prices. It is expected that property prices in Hong Kong will fall by 0% to 3% next year. Zheng Huaiwu believes that under the joint exchange system, the trend of interest rates in Hong Kong is consistent with US interest rates. In the face of improving interest rate prospects, in addition to the Hong Kong government's drastic measures to relax the property market, it is expected that it will stimulate demand from mainland people, while at the same time, the retur
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
Falcon's Beyond Eyes Opportunity in Chinese Malls -- Market Talk
1002 ET - Falcon's Beyond, which both owns theme parks and designs new games and amusements for rival park operators, is eying big growth opportunities in Chinese shopping malls, Chief Executive Cecil
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,
NEW WORLD DEVEL CO To Go Ex-Dividend On November 22nd, 2023 With 0.01917 USD Dividend Per Share
November 3rd - $NEW WORLD DEVEL CO(NDVLY.US)$ is trading ex-dividend on November 22nd, 2023. Shareholders of record on November 24th, 2023 will receive 0.01917 USD dividend per share on December 2
First Shanghai: Maintaining New World Development's “Buy” Rating Target Price of HK$23.5 Rental Revenue Is Expected to Drive Performance Growth
First Shanghai released a research report stating that New World Development (00017) has a twin-engine layout in mainland Hong Kong, places equal emphasis on property development and ownership, and has maintained steady management and a good financial structure, and the brand effect is remarkable. As the company continues to deleveraging to optimize capital expenses, reduce net debt ratios, improve operating efficiency, and return funds through the sale of non-core assets. The company's net profit for the next three years is estimated to be HK$970 million, $1.05 billion and HK$1.15 billion respectively. Based on the company's historical PB valuation, the bank gave the company a PB valuation of 0.3X in 2024 to arrive at a target price of 23
New World Development Target Price Cut to HK$12.00 From HK$15.00 by Jefferies >0017.HK
New World Development Target Price Cut to HK$12.00 From HK$15.00 by Jefferies >0017.HK
NWD Stake Sale May Spark Worry About Dividend Sustainability -- Market Talk
0623 GMT - New World Development's sale of its stake in NWS Holdings may help the property and telecom company lower its gearing and strengthen its balance sheet. Still, Citi analyst Ken Yeung says in
New World's NWS Divestment Has Upsides, But Casts Some Earnings Uncertainty -- Market Talk
0500 GMT - New World Development looks set to gain from CTF Enterprise's bid to buy its stake in NWS Holdings, but Jefferies analysts say the loss of profits may be a challenge. Conglomerate NWD would
Chow Tai Fook Enterprises Makes Offer to Buy Shares It Doesn't Own in NWS Holdings
Chow Tai Fook Enterprises Makes Offer to Buy Shares It Doesn't Own in NWS Holdings
Chow Tai Fook Enterprises Offers to Pay HK$9.15 for Each NWS Holdings Share
Chow Tai Fook Enterprises Offers to Pay HK$9.15 for Each NWS Holdings Share
New World Development's Earnings Could Be Weighed by Rising Financing Costs -- Market Talk
0624 GMT - New World Development's 2023-2024 earnings could take a hit from higher financing costs amid rising global interest rates, writes UOB Kay Hian analyst Liu Jieqi in a note. The analyst expec
Express News | New World Development: Revenue From Property Development in Mainland China HK$11.53B Vs HK$14.82B
Express News | New World Development Declares Final Dividend of HK$1.50 Per Share Vs. HK$1.50 Per Share >0017.HK
Express News | New World Development: Property Investment Profit HK$3.04B Vs HK$2.76B
New World Development: Property Development Profit HK$7.67B Vs HK$8.62B
New World Development: Property Development Profit HK$7.67B Vs HK$8.62B
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