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RTNominal down7.690 -0.200 (-2.535%)
Research Report

28/12/2023 14:17

{I-bank focus}UBS lowers New World Dev (00017) to HKD12.8

[ET Net News Agency, 28 December 2023] UBS lowered its target price for New World Dev
(00017) to HKD12.8 from HKD20.4 and maintained its "neutral" rating.
The research house said the recent buyback from the controlling shareholder should
support the share price from further decline. It lowers FY23-25 earnings estimates and PT
to reflect the completion of the NWS disposal. (RC)

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