New World Development Company Limited

17 HK0000608585

Real Estate Development & Operations

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
8.14 ^HKD	+2.91%		+9.26%	-32.84%

Mar. 20	Mainland Chinese surge into Hong Kong property after stamp duties scrapped	RE
Mar. 19	Mainland Chinese surge into Hong Kong property after stamp duties scrapped	RE

New World Development Company Limited Approves Final Dividend

November 21, 2023 at 03:35 am EST

New World Development Company Limited at its AGM held on 21 November 2023, approved to declare a final dividend of HKD 0.30 per share.

Latest news about New World Development Company Limited

Mainland Chinese surge into Hong Kong property after stamp duties scrapped	Mar. 19	RE
Mainland Chinese surge into Hong Kong property after stamp duties scrapped	Mar. 19	RE
Hong Kong's New World to sell shopping mall to Chinachem for $514 mln	Mar. 01	RE
Jefferies Downgrades New World to Underperform From Hold, Adjusts Price Target to HK$8 From HK$9	Mar. 01	MT
Chinachem Group Co. Ltd. signed a commercial property sale and purchase agreement to acquire Discovery Park Commercial Services Limited from New World Development Company Limited (SEHK:17) for approximately HKD 4.02 billion.	Feb. 29	CI
New World Development’s Profit Drops in Fiscal H1	Feb. 29	MT
New World Development Company Limited Announces Ordinary Interim Dividend for the Six Months Ended 31 December 2023, Payable on 18 April 2024	Feb. 29	CI
New World Development Company Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 29	CI
Hong Kong Lifts Property Curbs as It Looks to Cement Recovery -- Update	Feb. 28	DJ
China's Property Stocks Gain as Lending Rate Cut Boosts Sentiment	Feb. 21	DJ
FSE Lifestyle Names Chairman	Feb. 01	MT
New World Development Applies for Listing of $7 Billion Bond Program	Jan. 25	MT
New World Development Made Over 13 Billion Yuan from 2023 Sales	Jan. 12	MT
Weak demand, tighter lenders: Hong Kong property developers face tough 2024	Jan. 12	RE
New World and China Resources to build $1.3 billion Hong Kong housing development	Dec. 27	RE
New World Development Names COO	Dec. 18	MT
New World Development Company Limited Appoints Ma Siu-Cheung as Chief Operating Officer, Effective from January 1, 2024	Dec. 18	CI
New World Development Cancels Bonds Worth $610 Million	Dec. 06	MT
Hong Kong's New World Development says to buyback $610.3 mln bonds	Dec. 04	RE
New World Development Company Limited Announces Results of Tender Offer	Dec. 04	CI
Hong Kong Stocks Fall Amid Weak China Industrial Profits; New World Development Slumps 6%	Nov. 27	MT
New World Development Offers to Buy Back $600 Million of Bonds	Nov. 23	MT
China's Financing Aid to Property Firms Bolster Hong Kong Stocks; New World Development Drops 4%	Nov. 23	MT
Chow Tai Fook Enterprises Limited completed the acquisition of additional 74.789579% stake in NWS Holdings Limited from New World Development Company Limited (SEHK:17) and others for HKD 26.8 billion.	Nov. 22	CI
New World Development Company Limited Approves Final Dividend	Nov. 21	CI

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New World Development Co Ltd is an investment holding company mainly engaged in the property development. The Company operates its business through eight segments. The Property Development segment engages in the construction of the residential units, including MOUNT PAVILIA, The Masterpiece, FLEUR PAVILIA and the Double Cove series, among others. The Construction segment constructs commercial and residential projects, and government and institutional related projects. The Insurance segment sells life insurance and medical insurance products. The Property Investment segment engages in the property investment, its property investment portfolio includes commercial buildings and offices. The Roads segment operates toll roads and expressways. The Hotel Operations segment operates hotel business in China and Southeast Asia. The Aviation segment engages in commercial aircraft leasing business. The Other segment is engaged in facility management and free duty business.

Sector

Real Estate Development & Operations

Calendar

2024-09-26 - Q4 2024 Earnings Release (Projected)

Related indices

HONG KONG HANG SENG

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Ratings for New World Development Company Limited

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

8.14 HKD

Average target price

9.843 HKD

Spread / Average Target

+20.92%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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Sector Other Real Estate Development & Operations

	1st Jan change	Capi.
NEW WORLD DEVELOPMENT COMPANY LIMITED	-32.84%	2.62B
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EMAAR PROPERTIES	+2.78%	19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+1.45%	19.52B
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CK ASSET HOLDINGS LIMITED	-14.80%	14.98B

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