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| HSI1 | 25,613.81 | -284.95 | 174.76B |
| HSCEI1 | 8,670.34 | -34.18 | 52.78B |
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2026-03-12 10:26:02 NEW WORLD DEV (00017.HK)'s 1HFY2026 results were in line with BOCOMI's expectations, achieving $13.8 billion in attributable contracted sales, exceeding half of its full-year target of $27 billion, according to BOCOMI's research report. Property sales in Hong Kong performed well, with attributable contracted sales reaching $10.3 billion during the period. Looking ahead to 2HFY2026, more than 1,300 units can be offered for sale, and projects at Ma Sik Road in Fanling and Lung Tin Estate in Yuen Long have commenced construction, providing a total of approx. 4,100 units, which are expected to be launched as early as FY2027. The Company's current PB ratio of approx. 0.14x has fully reflected market sentiment, and with the marked improvement in potential external financing and recent sales momentum, the Company is predicted to improve its debt situation and secure a re-rating. Based on a 75% discount to net asset value, the broker lifted its target price from $9.7 to $11.96, with rating kept at Buy. ~ AASTOCKS Financial News Website: www.aastocks.com | |