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02.04.26 - 13:36
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New World pulls back on Causeway Bay acquisition amid uneven recovery (SCMP)
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Hong Kong's New World Development (NWD) has shelved plans to acquire the remaining stakes in three commercial sites in Causeway Bay, signalling continued caution among developers despite signs of improving demand in the core office market.
The company, which has been selling assets to reduce debt, said it would “exercise prudence as appropriate, having regard to cost and efficiency, as well as overall market supply and demand, with a view to delivering reasonable returns”.
NWD, which reported......
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10.03.26 - 05:15
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Research: Citi Ratings, TPs on HK Developers (Table) (AAStocks)
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Shares | Ratings | Target prices (HK$)WHARF HOLDINGS(00004.HK) | Sell | 18.3 HENDERSON LAND(00012.HK) | Buy | 30 HYSAN DEV(00014.HK) | Buy | 24.3 SHK PPT(00016.HK) | Buy | 168 NEW WORLD DEV(00017.HK) | Neutral | 11.32 MTR CORPORATION(00066.HK) | Sell | 24.5SINO LAND(00083.HK) | Buy | 14.2 HANG LUNG PPT(00101.HK) | Buy | 11.2 KER......
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09.03.26 - 07:18
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Hong Kong tycoon Adrian Cheng doubles down on tech in step with China′s 5-year plan (SCMP)
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Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD), plans to spend more time in mainland China and increase his tech investments this year, with a focus on a range of sectors from artificial intelligence to aerospace, echoing China's latest five-year plan.
“If our country can realise [the 15th five-year plan], we would be stable and secure, and our future will definitely be promising,” Cheng, who is a member of the Chinese People's Political......
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27.02.26 - 10:36
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New World reports first-half loss as deleveraging takes priority, dividend suspended (SCMP)
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New World Development (NWD) posted a net loss of HK$3.73 billion (US$477 million) for the first half of fiscal 2026, as the developer prioritised deleveraging despite a pickup in Hong Kong home sales.
The company said the loss narrowed 44 per cent year on year for the six months ended December 31, as one-off losses on investment properties eased and financing costs and tax expenses related to mainland projects declined, according to a Hong Kong stock exchange filing on Friday. Dividend payments......
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