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New World Development Company Limited (0017.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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29.350+0.550 (+1.91%)
At close: 04:08PM HKT
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Previous Close28.800
Open28.800
Bid29.300 x 0
Ask29.350 x 0
Day's Range28.650 - 29.500
52 Week Range27.650 - 42.800
Volume3,245,246
Avg. Volume3,539,251
Market Cap73.863B
Beta (5Y Monthly)0.95
PE Ratio (TTM)1.03
EPS (TTM)28.480
Earnings DateFeb 25, 2022
Forward Dividend & Yield2.06 (7.15%)
Ex-Dividend DateMar 16, 2022
1y Target Est37.65
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  • Reuters

    Hong Kong developer to research how to tackle chronic housing shortage

    HONG KONG (Reuters) -Hong Kong property developer New World Development said on Thursday it would launch a research project to tackle a chronic housing shortage and sky-high home prices in one of the world's most expensive property markets. As part of the initiative, New World said a committee would study long-standing housing issues, ranging from unaffordable prices, longed waiting times for public housing and a lack of elderly-friendly homes as the population ages. "Solving Hong Kong's deep-rooted housing issue is fundamental to the city's future growth," Adrian Cheng, chief executive of New World and chairman of the initiative, New World Build for Good, said in a statement.

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    With tighter grip, Beijing sends message to Hong Kong tycoons: fall in line

    As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city's powerful property tycoons: pour resources and influence into backing Beijing's interests, and help solve a potentially destabilising housing shortage. Chinese officials delivered the message in closed meetings this year amid broader efforts to bring the city to heel under a sweeping national security law and make it more "patriotic," according to three major developers and a Hong Kong government adviser familiar with the talks. "The rules of the game have changed," they were told, according to a source close to mainland officials, who declined to be named because of the sensitivity of the matter.