NDVLY NEW WORLD DEVEL CO
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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,
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 the New World Development “Buy” Rating Target Price of HK$23.5 Rental Revenue Is Expected to Drive Performance Growth
First Shanghai released a research report saying that New World Development (00017) has a dual-engine layout in mainland Hong Kong, places equal emphasis on property development and ownership, has maintained steady management and a good financial structure, and has had a remarkable brand effect. As the company continues to deleveraging, optimizes capital expenditure, reduces net debt ratio, improves operational efficiency, and returns capital through the sale of non-core assets. The company's net net profit for the next three years is estimated to be 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
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
Express News | New World Development: Property Development Profit HK$7.67B Vs HK$8.62B
Express News | New World Development FY Rev HK$68.21B Vs. HK$68.23B >0017.HK
Express News | New World Development FY Net HK$1.25B Vs. Net HK$1.15B >0017.HK