Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00017 NEW WORLD DEV
RTNominal down8.260 -0.050 (-0.602%)
Others

03/12/2020 14:54

{I-bank focus}HSBC cuts New World Development to HK$49.2

[ET Net News Agency, 3 December 2020] HSBC Global Research lowered its target price for
New World Development (NWD) (00017) to HK$49.2 from HK$50.3 and maintained its "buy"
rating.
The research house said the growing tenants' sales performance in its "Victoria
Dockside" project and strong sales performance of "The Pavilia Farm" during the
challenging time in Hong Kong have shown strong execution capabilities.
With an expected improvement of the overall real estate market, NWD's solid project
pipeline should help it to recover faster than most of the peers. HSBC expects its HK
rental portfolio to increase by 150%, while its mainland China rental portfolio to
increase by 240% in terms of GFA, in the coming five years. Dividend distribution is also
of high visibility. HSBC believes NWD's earnings have bottomed in FY2020 and is set to
improve with an expected earnings CAGR of 21% in FY2020-23. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.