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New World Development Company Limited (0017.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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27.200-0.450 (-1.63%)
As of 11:08AM HKT. Market open.
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Previous Close27.650
Open27.400
Bid27.150 x 0
Ask27.200 x 0
Day's Range27.050 - 27.450
52 Week Range27.050 - 40.300
Volume1,558,709
Avg. Volume3,823,081
Market Cap68.452B
Beta (5Y Monthly)0.95
PE Ratio (TTM)43.17
EPS (TTM)0.630
Earnings DateFeb 25, 2022
Forward Dividend & Yield2.06 (7.32%)
Ex-Dividend DateMar 16, 2022
1y Target Est37.10
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    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

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