New World Development Company Limited (0017.HK)
| Previous close | 6.720 |
| Open | 6.720 |
| Bid | 6.530 x 0 |
| Ask | 6.560 x 0 |
| Day's range | 6.520 - 6.720 |
| 52-week range | 6.520 - 16.100 |
| Volume | |
| Avg. volume | 7,267,939 |
| Market cap | 16.459B |
| Beta (5Y monthly) | 0.62 |
| PE ratio (TTM) | 14.53 |
| EPS (TTM) | 0.450 |
| Earnings date | 27 Sept 2024 - 01 Oct 2024 |
| Forward dividend & yield | 0.40 (5.95%) |
| Ex-dividend date | 20 Mar 2024 |
| 1y target est | 10.12 |
Yahoo Finance UKTrending tickers: Rightmove, Alibaba, Infosys and New World Development
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BloombergHong Kong Property Pain Worsens for New World and Scion CEO
(Bloomberg) -- Hong Kong’s property downturn is taking a growing toll on New World Development Co., the firm owned by the billionaire Cheng family.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsThe company said late on Friday it expects to post a loss of as much as HK$20 billion ($2.6 billion) for the financial year ended in June — its first annual loss in two decades. Its share price plunged
ReutersShares in Hong Kong's New World Development plunge after loss estimate
Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year that ended in June. "Together with the continuous interest rate hikes experienced during the year as well as the depreciation of (the) renminbi, the group expects to record a (net) loss," it said. New World has one of the highest debt-to-equity ratios among Hong Kong's property developers, and its plan to cut debt has been closely watched over the past year.
