[ET Net News Agency, 4 October 2021] Credit Suisse lowered its target price for New
World Dev (00017) to HK$43.5 from HK$48.5 and maintained its "outperform" rating.
The research house said it cuts its FY22/23E earnings estimates by 8.0%/10.3% to factor
in lowered margin assumption for mainland projects. (RC)