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New World Development Company Limited (0017.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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31.900+1.200 (+3.91%)
At close: 04:08PM HKT
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Previous Close30.700
Open30.750
Bid31.850 x 0
Ask31.900 x 0
Day's Range30.650 - 32.100
52 Week Range29.300 - 43.000
Volume7,920,902
Avg. Volume3,109,004
Market Cap80.28B
Beta (5Y Monthly)0.98
PE Ratio (TTM)1.12
EPS (TTM)28.480
Earnings DateFeb. 24, 2022 - Feb. 28, 2022
Forward Dividend & Yield2.06 (6.46%)
Ex-Dividend DateNov. 25, 2021
1y Target Est40.52
  • 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.

  • Reuters

    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.

  • Reuters

    REFILE-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. Beijing is no longer willing to tolerate "monopoly behaviour," the source added.