CI-NWD @EC2612A

New World Development Names New Project and Adjusts Prices

New World Development Supports the Development of the Northern Metropolis Area

New World Development Announces Last Year's Sales Performance and This Year's Sales Plan

New World Development and Far East Development's Kowloon Bay Bok Wai Sen Series Sold 3 Units for HKD 23 Million Yesterday

New World Development's K11 MUSEA Sees Double Growth in Visitors and Spending During the Spring Festival

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

CT IND GROUP

KEEN OCEAN

EPI (HOLDINGS)

MOBI DEV

MS CONCEPT

NANFANG COMM

CCOE

HK ENT INTL

IDT INT'L

PUTIAN COMM

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The Tsim Sha Tsui project under New World Development has officially been named "Zhenyue," offering open-plan and one-bedroom units, expected to go on sale in March. The sales brochure will be uploaded soon, and the show units will be open to the media early next week. In addition, the price list for the Wong Chuk Hang series, in collaboration with other companies, will be revised today, with a uniform price increase of about 5%

AASTOCKS

NEW WORLD DEV

The new world Tsim Sha Tsui project "Zhenyue" is expected to be launched for sale within March

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The Kai Tak Parkview series, a collaboration between New World Development and FE CONSORT INTL, recently sold 3 units, cashing out HKD 23 million. Among them, Unit J on the 17th floor of Block II of Parkview sold for HKD 6.264 million, with a price per square foot of HKD 22,134, setting a new high for similar unit types. Since the completion of the building, the Parkview series has sold 239 units, cashing out over HKD 1.8 billion, and a total of 896 units have been sold since the launch, cashing out over HKD 6.4 billion

FE CONSORT INTL

"Harbour Building" Kai Tak Parkview sold 3 units, with both the selling price and price per square foot of the sea view one-bedroom setting new highs for similar unit types

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Centaline Property's luxury estate, Park Avenue, recorded 11 transactions this month, surpassing last month's 10. One unit was sold for HKD 12.95 million, with a usable area of 632 square feet, averaging HKD 20,491 per square foot. The original owner purchased it in 2020 for HKD 12.645 million, holding it for about six years, now making a profit of HKD 305,000, with the unit appreciating by 2.4%

Yinhua CSI Interior Real Estate Theme ETF

NWDS CHINA

China Southern CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

GF CSI All Share Financials ETF

ChinaAMC CSI All Share Real Estate ETF

In this month, Pak Oi Court in Tai Wai recorded a total of 11 transactions, with a two-bedroom unit sold for HKD 12.95 million

Adrian Cheng, former heir of Hong Kong's Cheng family, is shifting focus post-resignation from New World Development. He launched ALMAD Group, targeting transformative industries in the Middle East and Asia. Cheng's ventures include a partnership with Wafi Group to introduce Chinese brands in Dubai and investments in start-ups like Shanghai Biren Technology. His new initiatives reflect a desire to diversify beyond property, emphasizing cultural and technological advancements in emerging markets.

vnexpress

From investments to Dubai partnership: Hong Kong billionaire scion Adrian Cheng’s moves after exiting family empire

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The Hong Kong stock ADR is expected to open 191 points lower this morning, reporting at 26,891 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH HOLDINGS HKD 63.301 (premium 1.50%), CLP HOLDINGS HKD 77.954 (premium -0.71%), HK & CHINA GAS HKD 7.314 (premium 5.14%), WHARF HOLDINGS HKD 25.164 (premium 4.51%), HSBC HOLDINGS HKD 136.605 (premium -0.52%), POWER ASSETS HKD 59.628 (premium 3.98%), PCCW HKD 6.338 (premium -6.12%), HENDERSON LAND HKD 33.526 (premium 3.20%), SHK PPT HKD 139.536 (premium 0.33%), NEW WORLD DEV HKD 10.708 (premium 1.51%), Swire Properties A HKD 81.588 (premium 0.08%), BANK OF E ASIA HKD 15.552 (premium -0.91%), GALAXY ENT HKD 44.233 (premium -0.98%), HANG LUNG PPT HKD 10.191 (premium 0.28%), Geely Automobile HKD 19.088 (premium -9.94%), CITIC Limited HKD 12.723 (premium -2.46%), CATHAY PAC AIR HKD 12.957 (premium -0.90%)

WHARF HOLDINGS

CLP HOLDINGS

HSBC HOLDINGS

BANK OF E ASIA

HANG LUNG PPT

SHK PPT

HENDERSON LAND

PCCW

GALAXY ENT

HK & CHINA GAS

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CKH HOLDINGS

CATHAY PAC AIR

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The Hong Kong stock ADR is expected to open 191 points lower this morning, reporting at 26,891 points

According to a report by Centaline Property, Tai Wai Park Hill recorded approximately 11 second-hand transactions this month, with one unit changing hands for HKD 13.97 million, a usable area of 682 square feet, and a price per square foot of HKD 20,484. The new buyer is from mainland China and plans to rent it out first before using it for personal purposes, expecting a rental return of about 3.3%. The original owner purchased the unit for HKD 12.2 million in 2020 and made a profit of approximately HKD 1.77 million after holding it for six years, with the unit appreciating by about 14.5%

In "Hong Kong Property," Tai Wai Park Avenue three-bedroom sold for HKD 13.97 million, earning a 14.5% profit on the books over six years

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JP Morgan released a research report, updating the investment ratings and target prices for several real estate stocks. The rating for SHK PPT was upgraded from Neutral to Overweight, with the target price raised from HKD 109 to HKD 162; CK ASSET maintained a Neutral rating, with the target price increased from HKD 41 to HKD 48.5; HENDERSON LAND maintained an Overweight rating, with the target price raised from HKD 33 to HKD 39; NEW WORLD DEV maintained a Neutral rating, with the target price increased from HKD 9.5 to HKD 10.7; SINO LAND maintained an Overweight rating, with the target price raised from HKD 12.5 to HKD 14.5

SINO LAND

HENDERSON INV

CK ASSET

"Major Banks" JP Morgan's Investment Ratings and Target Prices for Real Estate Stocks (Table)

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 Development (NDVLY) to Release Quarterly Earnings on Friday

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

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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

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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

KERRY PPT

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. 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%)

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

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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%)

Hang Seng Index

TRACKER FUND

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

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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

SWIREPROPERTIES

HANG LUNG GROUP

CITIC

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

$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

CI-NWD @EC2612A(25330.HK)

The new world Tsim Sha Tsui project "Zhenyue" is expected to be launched for sale within March

"Harbour Building" Kai Tak Parkview sold 3 units, with both the selling price and price per square foot of the sea view one-bedroom setting new highs for similar unit types

In this month, Pak Oi Court in Tai Wai recorded a total of 11 transactions, with a two-bedroom unit sold for HKD 12.95 million

From investments to Dubai partnership: Hong Kong billionaire scion Adrian Cheng’s moves after exiting family empire

The Hong Kong stock ADR is expected to open 191 points lower this morning, reporting at 26,891 points