Not the time to buy properties in HK - New World DevelopmentIt is almost impossible to turn on the news or read the papers without seeing positive news on the political scene in Hong Kong. Videos, articles, analysts views, etc are filled with negativity.
One sector that got hit badly is the property market. New world development has declined more than 35% f
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−7.53 HKD
−11.43 B HKD
35.83 B HKD
1.37 B
About NEW WORLD DEVELOPMENT CO
Sector
Industry
CEO
Shao Mei Huang
Website
Headquarters
Hong Kong
Founded
1970
ISIN
HK0000608585
FIGI
BBG000BDYD39
New World Development Co. Ltd. operates as an holding company, which engages in the property development and investment businesses. It operates through the following business segments: Property Development, Property Investment, Service and Infrastructure, Hotel Operations, Department Stores and Others. The Property Development segment focuses on the residential usage of company properties in China and Hong Kong. The Property Investment segment handles lands and buildings that are for lease or rent. The Service segment comprises of facilities management, contracting and transport, and strategic investments. The Infrastructure segment includes development of roads and ports, and energy, water and logistics projects. The Hotel Operations segment manages major hotel projects in Hong Kong, namely, Grand Hyatt Hong Kong, Hyatt Regency Hong Kong, Tsim Sha Tsui, Hyatt Regency Hong Kong, Sha Tin and Renaissance Harbour View Hotel. The Department Store segment operates department store retail chain in China. The Others segment includes media and technology businesses. The company was founded on May 29, 1970 and is headquartered in Hong Kong.
Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of 17 is 4.58 HKD — it has increased by 2.23% in the past 24 hours. Watch NEW WORLD DEVELOPMENT CO stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on HKEX exchange NEW WORLD DEVELOPMENT CO stocks are traded under the ticker 17.
17 stock has risen by 2.46% compared to the previous week, the month change is a −17.48% fall, over the last year NEW WORLD DEVELOPMENT CO has showed a −41.80% decrease.
We've gathered analysts' opinions on NEW WORLD DEVELOPMENT CO future price: according to them, 17 price has a max estimate of 6.98 HKD and a min estimate of 2.00 HKD. Watch 17 chart and read a more detailed NEW WORLD DEVELOPMENT CO stock forecast: see what analysts think of NEW WORLD DEVELOPMENT CO and suggest that you do with its stocks.
17 stock is 5.63% volatile and has beta coefficient of 1.32. Track NEW WORLD DEVELOPMENT CO stock price on the chart and check out the list of the most volatile stocks — is NEW WORLD DEVELOPMENT CO there?
Today NEW WORLD DEVELOPMENT CO has the market capitalization of 11.27 B, it has increased by 3.43% over the last week.
Yes, you can track NEW WORLD DEVELOPMENT CO financials in yearly and quarterly reports right on TradingView.
NEW WORLD DEVELOPMENT CO is going to release the next earnings report on Sep 25, 2025. Keep track of upcoming events with our Earnings Calendar.
17 earnings for the last half-year are −2.64 HKD per share, whereas the estimation was −0.52 HKD, resulting in a −407.69% surprise. The estimated earnings for the next half-year are 0.70 HKD per share. See more details about NEW WORLD DEVELOPMENT CO earnings.
NEW WORLD DEVELOPMENT CO revenue for the last half-year amounts to 16.79 B HKD, despite the estimated figure of 16.76 B HKD. In the next half-year revenue is expected to reach 20.51 B HKD.
17 net income for the last half-year is −6.63 B HKD, while the previous report showed −12.31 B HKD of net income which accounts for 46.11% change. Track more NEW WORLD DEVELOPMENT CO financial stats to get the full picture.
As of Apr 17, 2025, the company has 11 K employees. See our rating of the largest employees — is NEW WORLD DEVELOPMENT CO on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. NEW WORLD DEVELOPMENT CO EBITDA is 2.99 B HKD, and current EBITDA margin is 10.43%. See more stats in NEW WORLD DEVELOPMENT CO financial statements.
Like other stocks, 17 shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade NEW WORLD DEVELOPMENT CO stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So NEW WORLD DEVELOPMENT CO technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating NEW WORLD DEVELOPMENT CO stock shows the sell signal. See more of NEW WORLD DEVELOPMENT CO technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.