MB-NWD @EC2612A

New World Development to Release Qtrly Earnings on Feb 27

NEW WORLD DEV to Release FY2026 Semi-Annual Earnings on February 27, 2026 (BJT), Forecast Revenue HKD 17.12 B, EPS HKD -0.07

New World Development Announces Strong Sales and Upcoming H1 Launches

New World Development's Super Luxury Residence 'PAVILIA ROSA YUAN' Ready to Launch in Early 2024

Morgan Stanley Issues Earnings Forecast and Rating Report for New World Development

New World Development's K11 MUSEA Sees Significant Growth During Chinese New Year

New World Development's K11ELYSEA Pre-Lease Rate Exceeds 50%, Sales Growth Boosted by Policy Stimulus

New World Development Names Kowloon Tong Project PAVILIA ROSA

New World Development Contacted by Potential Investors for Investment

Citibank Maintains Sell Rating for New World Development and Raises Target Price

New World Development Responds to Potential Investors' Contact, No Agreements Yet

Blackstone set to become largest shareholder of New World Development

New World Development and Far East Development's project Bok Wai Sen series first sale of parking spaces

New World's Kai Tak South Phase 5A and 5B Achieves Sales of Nearly HKD 180M on Opening Day

New World Development's Hoi Hin II Sells 10 Units for $150 Million

Deep Water Pavilia II Updates Price List and Sells 6 Units

Taikoo Hill TianYu Phase II Mansion Sold for Over 158 Million HKD

New World Development's 11 SKIES Project Experiencing Tenant Exodus, Airport Authority Considers Parting Ways

New World Development Seeks to Sell Its Airport-adjacent Mall

New World Development aims to dispose of assets to create positive cash flow by late June

STARCOIN GROUP

DAISHOMICROLINE

IDT INT'L

GUANZE MEDICAL

BOER POWER

KNOWLEDGE ATLAS

CHINA INFO TECH

QINGHUA HOLD

SUPER STRONG

HAIZHI TECH GP

00017

515060

New World Development (OTCMKTS:NDVLY) is set to release its quarterly earnings on February 27, with analysts predicting earnings of $0.0006 per share and revenue of $1.876 billion. The stock opened at $0.63, with a 52-week range of $0.21 to $0.80. The company, founded in 1970, focuses on property development and investment in Greater China, and has diversified into infrastructure and services through its subsidiary, NWS Holdings.

Market Beat

NEW WORLD DEV

ChinaAMC CSI All Share Real Estate ETF

New World Development (NDVLY) to Release Quarterly Earnings on Friday

00083

01113

00016

00097

00012

The recent rebound in the property market has raised doubts. Despite a good trend in property prices over the past year and a recovery in buyer confidence, the Centaline City Leading Index (CCL) recently reported 149.4 points, an increase of 1.5% in a single week, marking the largest weekly increase in three years. There are still concerns about the future trend of the property market, and historical experience suggests that this may be a signal of the market hitting bottom. Although property prices are still significantly lower than historical highs, the current level is relatively affordable

Stheadline

SINO LAND

CK ASSET

SHK PPT

HENDERSON INV

HENDERSON LAND

The strong rebound in the property market is still questioned; the signal of hitting the bottom is "when everyone is optimistic, it is the most dangerous" | Li Shengyang

00683

Goldman Sachs released a research report, updating its investment ratings and target prices for Hong Kong property stocks. Henderson Land was upgraded from sell to buy, with the target price raised from HKD 19.3 to HKD 39; New World Development maintained buy, with the target price raised from HKD 96 to HKD 159; Sino Land maintained neutral, with the target price raised from HKD 6 to HKD 12; CK Asset was upgraded from sell to buy, with the target price raised from HKD 7.5 to HKD 14.6; Kerry Properties maintained neutral, with the target price raised from HKD 20.9 to HKD 27.3; CK Asset was downgraded from buy to neutral, with the target price raised from HKD 48 to HKD 53. Ratings and target prices for other property stocks were also adjusted

AASTOCKS

KERRY PPT

Goldman Sachs' Investment Ratings and Target Prices for Hong Kong Real Estate Stocks (Table)

00003

00001

00004

00005

The Hong Kong stock ADR is expected to open 117 points lower on Monday, reporting at 26,449 points. The relative stock prices and the premium situation of Hong Kong stocks against the American Depositary Receipts are as follows: CKH Holdings HKD 63.316 (premium 0.29%), CLP Holdings HKD 78.168 (premium -1.62%), HK & CHINA GAS HKD 7.251 (premium 5.23%), WHARF HOLDINGS HKD 24.74 (premium 6.71%), HSBC HOLDINGS HKD 133.12 (premium 1.94%), Power Assets Holdings HKD 60.189 (premium 2.26%), PCCW HKD 5.698 (premium 4.60%), HENDERSON LAND HKD 32.01 (premium 1.22%), Sun Hung Kai Properties HKD 134.058 (premium -0.27%), NEW WORLD DEV HKD 10.865 (premium -1.52%), Swire Properties A HKD 79.731 (premium 0.34%), Bank of East Asia HKD 15.093 (premium -6.31%), Galaxy Entertainment HKD 44.243 (premium -2.81%), Hang Lung Properties HKD 9.724 (premium 0.47%), Geely Automobile HKD 19.092 (premium -11.11%), CITIC Limited HKD 12.726 (premium -3.82%), Cathay Pacific Airways HKD 12.663 (premium 1.48%)

HK & CHINA GAS

CKH HOLDINGS

WHARF HOLDINGS

HSBC HOLDINGS

The Hong Kong stock ADR is expected to open 117 points lower on Monday, reporting at 26,449 points

00002

00HSI

00006

00023

02800

Hong Kong stocks ADR is expected to open 400 points lower this morning, reporting at 26,632 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CK Hutchison Holdings 63.243 HKD (premium 0.41%), CLP HOLDINGS 77.236 HKD (premium -0.44%), Hong Kong and China Gas 7.27 HKD (premium 5.50%), Wharf Real Estate Investment 24.742 HKD (premium 9.21%), HSBC Holdings 135.694 HKD (premium 2.80%), POWER ASSETS 60.976 HKD (premium 1.02%), PCCW 6.047 HKD (premium -0.12%), Henderson Land Development 32.274 HKD (premium 1.44%), Sun Hung Kai Properties 133.208 HKD (premium 0.22%), NEW WORLD DEV 11.304 HKD (premium -5.34%), Swire Properties A 80.597 HKD (premium 0.44%), BANK OF E ASIA 15.478 HKD (premium 2.79%), Galaxy Entertainment 44.246 HKD (premium -2.86%), Hang Lung Properties 9.78 HKD (premium 0.10%), Geely Automobile 19.094 HKD (premium -11.44%), CITIC Limited 12.727 HKD (premium -1.55%), Cathay Pacific Airways 12.817 HKD (premium 1.19%)

CLP HOLDINGS

Hang Seng Index

POWER ASSETS

BANK OF E ASIA

TRACKER FUND

Hong Kong stocks ADR expect the Hang Seng Index to open 400 points lower this morning, reporting at 26,632 points

00019

01972

Hong Kong stocks ADR is expected to open 17 points lower this morning, reporting at 27,249 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH HOLDINGS HKD 63.795 (premium 0.40%), CLP HOLDINGS HKD 76.773 (premium -0.49%), HK & CHINA GAS HKD 6.691 (premium 12.99%), WHARF HOLDINGS HKD 26.816 (premium 1.06%), HSBC HOLDINGS HKD 139.817 (premium -0.01%), Power Assets Holdings HKD 63.639 (premium -3.60%), PCCW HKD 5.964 (premium 3.12%), HENDERSON LAND HKD 32.523 (premium 1.34%), SHK PPT HKD 130.17 (premium -0.28%), NEW WORLD DEV HKD 10.945 (premium -1.96%), SWIRE PACIFIC A HKD 82.011 (premium 1.14%), BANK OF E ASIA HKD 14.463 (premium 9.80%), GALAXY ENT HKD 44.25 (premium -1.65%), HANG LUNG PPT HKD 9.944 (premium -0.74%), Geely Automobile HKD 19.095 (premium -11.29%), CITIC HKD 12.728 (premium 0.57%), CATHAY PAC AIR HKD 12.617 (premium 2.24%)

SWIRE PACIFIC A

PCCW

SWIREPROPERTIES

HANG LUNG GROUP

CATHAY PAC AIR

CITIC

GALAXY ENT

HANG LUNG PPT

The Hong Kong stock ADR is expected to open 17 points lower this morning, reporting at 27,249 points

01997

Bank of America Securities released a research report listing the investment ratings and target prices for local real estate stocks and rental stocks. In terms of real estate stocks, SHK PPT is rated as Neutral, with the target price raised from HKD 113 to HKD 134; CK ASSET is rated as Buy, with the target price raised from HKD 49 to HKD 53; HENDERSON LAND is rated as Neutral, with the target price raised from HKD 31.7 to HKD 33.8; SINO LAND is rated as Buy, with the target price raised from HKD 12 to HKD 13.3; NEW WORLD DEV is rated as Underperform, with the target price raised from HKD 4.3 to HKD 4.8; WHARF HOLDINGS is rated as Neutral, with the target price raised from HKD 24.5 to HKD 28; KERRY PPT is rated as Buy, with the target price raised from HKD 24.7 to HKD 28. In terms of rental stocks, HYSAN DEV, WHARF REIC, SWIREPROPERTIES, and HANG LUNG PPT are all rated as Buy, with target prices raised to HKD 24.8, HKD 31, HKD 29, and HKD 11.5 respectively

WHARF REIC

TST PROPERTIES

HYSAN DEV

"Major Banks" Bank of America Securities' investment ratings and target prices for Hong Kong real estate stocks and rental stocks (Table)

159707

159768

159940

512200

Centaline Property stated that a flat unit at The Pavilia Bay sold for HKD 7.68 million, with a usable area of 357 square feet, averaging HKD 21,513 per square foot. The new buyer is a local family who believes the unit's layout is reasonable and seized the opportunity to purchase. The original owner bought it for HKD 7.23 million in 2020, held it for 6 years, and made a profit of HKD 450,000, with the unit appreciating approximately 6.2%

Hwabao WP CSI 800 Real Estate ETF

Yinhua CSI Interior Real Estate Theme ETF

GF CSI All Share Financials ETF

China Southern CSI All Share Real Estate ETF

The apartment at Pak Oi Court in Tai Wai was sold for HKD 7.68 million, appreciating 6.2% over six years

600628

The Hong Kong stock ADR is expected to open 250 points higher this morning, reporting at 27,278 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CK Hutchison (-0.01%), CLP Holdings (-1.07%), HK & China Gas (2.64%), Wharf Holdings (3.45%), HSBC Holdings (-1.76%), POWER ASSETS (-0.28%), PCCW (1.81%), HENDERSON LAND (0.28%), SHK PPT (-0.74%), NEW WORLD DEV (13.61%), SWIRE PACIFIC A (0.26%), BANK OF E ASIA (7.76%), GALAXY ENT (4.18%), HANG LUNG PPT (0.79%), Geely Automobile (-13.09%), CITIC Limited (-0.42%), CATHAY PAC AIR (2.29%)

Hong Kong stocks ADR expect the Hang Seng Index to open 250 points higher this morning, reporting at 27,278 points

The top-floor four-bedroom unit at Tower 8, Clearwater Bay Road, Sai Kung was sold for HKD 27 million, with a price per square foot of HKD 14,666, approximately 10% below market price. The original owner purchased it for HKD 41.18 million in 2018, resulting in a depreciation of 34.4% over eight years

"Harbour Building" Clear Water Bay Aolung Top Floor Four-Bedroom Owner's Listing Sold for HKD 27 million, 10% below market price, 34% depreciation over eight years

Blackstone is in advanced talks to acquire a significant stake in New World Development, potentially investing around $1 billion to replace the Cheng family as the top shareholder. This move could facilitate a partial break-up of the company, which is currently trading at an 86% discount to its net asset value. New World faces a $3.7 billion debt maturity over the next two years, and Blackstone's investment could help accelerate asset sales and improve the company's financial position. However, risks remain if the Cheng family retains too much influence.

Reuters

Blackstone

BREAKINGVIEWS-Blackstone can better New World in its own game

The Hong Kong stock ADR is expected to open 234 points lower this morning, at 26,613 points. The relative stock prices of several ADRs and the premium situation of Hong Kong stocks over ADRs are as follows: CKH Holdings HKD 64.224 (premium 1.68%), CLP Holdings HKD 74.834 (premium 0.16%), HK & CHINA GAS HKD 7.245 (premium 5.18%), WHARF REIC HKD 26.147 (premium 0.97%), HSBC HOLDINGS HKD 139.714 (premium -0.51%), POWER ASSETS HKD 60.552 (premium 1.73%), PCCW HKD 5.961 (premium 1.83%), HENDERSON LAND HKD 31.174 (premium 2.91%), SHK PPT HKD 122.822 (premium 0.63%), NEW WORLD DEV HKD 8.726 (premium 22.51%), SWIRE PACIFIC A HKD 77.584 (premium 1.05%), BANK OF E ASIA HKD 14.454 (premium 2.95%), GALAXY ENTERTAINMENT HKD 41.316 (premium 2.48%), HANG LUNG PPT HKD 9.352 (premium 0.41%), Geely Automobile HKD 19.084 (premium -16.58%), CITIC Limited HKD 12.72 (premium -2.99%), Cathay Pacific HKD 12.47 (premium 0.96%)

SWIRE PACIFIC B

Guotai CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

SUN HUNG KAI CO

The Hong Kong stock ADR is expected to open 234 points lower this morning, reporting at 26,613 points

02473

02233

06651

01787

06693

01164

01347

01969

00975

XXF(02473) fell 73.25%, with a trading turnover 1.7 Billion HKD, and a year-to-date fell 61.8%. WESTCHINACEMENT(02233) fell 15.47%, with a trading turnover 493.4 Million HKD, and a year-to-date rose 2.3%. 51WORLD(06651) fell 13.76%, with a trading turnover 73.5 Million HKD, and a year-to-date rose 90.4%.

Top Gainers & Losers

WESTCHINACEMENT

51WORLD

SD GOLD

CHIFENG GOLD

CGN MINING

HUA HONG SEMI

CHINA CHUNLAI

MONGOL MINING

Top 10 HK Stock Losers (2.2)

$NEW WORLD DEV(00017.HK)HSBC Global Research has lowered the target price of New World Development (00017) for two consecutive months, from HK$4 last month to HK$3.66. HSBC's report pointed out that investors focused on New World's financial and debt reduction progress. Although a breakthrough in refinancing or deleveraging could benefit the stock price, the bank believes New World has low visibility in profitability and dividend resumption, hence maintaining a &#34;Reduce&#34; rating.HSBC Global Research released two analysis reports on New World at once, not only cutting the target price again but also reiterating the potential impact of New World's debt on the banking sector. HSBC mentioned:In the worst-case scenario, if banks need to classify New World Development's loans as &#34;non-performing loans (NPLs),&#34; the NPL ratio of Hong Kong's banking system would rise by 1.3 percentage points to 3.3%.

HSBC

HSBC HK SDR 5to1

A scoop quoted by Hong Kong media from foreign media, the big influencer on Xiaohongshu, the heir of the New World Group, Adrian Cheng is likely to step down! ==$NEW WORLD DEV(00017.HK) announced its annual results on the eve, Bloomberg quoted sources as reporting that New World would announce its first annual loss in 20 years, so the major shareholder of New World, the Cheng family, is considering replacing CEO Adrian Cheng. In addition, according to our newspaper, the K11 team led by Adrian Cheng has been laying off employees for days.Our newspaper is inquiring with New World, but there is no response yet.When asked about the market rumor that New World would replace CEO Adrian Cheng, Adrian Cheng's younger brother, $CTF SERVICES(00659.HK) Co-CEO Brian Cheng said at a press conference that the topic was sensitive and everything would be clear in 24 hours.==I wrote an analysis before, and it turned out to be prophetic. @Lu Lu @KarsonKK

CTF SERVICES

$NEW WORLD DEV(00017.HK) New World Development's stock dropped over 10% today. How could such a big event go unnoticed? Summary of what happened:1. New World Development issued a profit warning: Expected to shift from profit to loss in FY2024, with a net loss of up to HKD 20 billion2. New World Development's debt ratio reached 87%3. New World Development plans to sell Tsim Sha Tsui's K11 ART MALL for survival, rumored price at HKD 9 billion4. Chow Tai Fook Enterprises (the board of the Cheng family) established a CEO office, but New World Development's helmsman Adrian Cheng (eldest son) was not included5. Adrian Cheng remains obsessed with art Personal interpretation:The bearded artist (Adrian Cheng) was &#34;deposed as heir.&#34; It's still too early to say if &#34;wealth never survives three generations&#34; will come true again.

CHOW TAI FOOK

Sonoco Products

MB-NWD @EC2612A(23425.HK)

New World Development (NDVLY) to Release Quarterly Earnings on Friday

The strong rebound in the property market is still questioned; the signal of hitting the bottom is "when everyone is optimistic, it is the most dangerous" | Li Shengyang

Goldman Sachs' Investment Ratings and Target Prices for Hong Kong Real Estate Stocks (Table)

The Hong Kong stock ADR is expected to open 117 points lower on Monday, reporting at 26,449 points

Hong Kong stocks ADR expect the Hang Seng Index to open 400 points lower this morning, reporting at 26,632 points