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Shanghai New World Co., Ltd (600628.SS)
| Previous close | 7.42 |
| Open | 7.42 |
| Bid | 7.42 x 0 |
| Ask | 7.43 x 0 |
| Day's range | 7.42 - 7.46 |
| 52-week range | 7.17 - 9.35 |
| Volume | |
| Avg. volume | 1,819,341 |
| Market cap | 4.806B |
| Beta (5Y monthly) | -0.06 |
| PE ratio (TTM) | 35.72 |
| EPS (TTM) | 0.21 |
| Earnings date | 30 Apr 2021 |
| Forward dividend & yield | 0.06 (0.75%) |
| Ex-dividend date | 20 Aug 2021 |
| 1y target est | N/A |
- EdgeProp
New World Development sells three office floors from upcoming Cheung Sha Wan building for HK$1.2 bil
New World Development's Grade A commercial building at 888 Lai Chi Kok Road in Cheung Sha Wan is expected to be completed in April 2022. (Picture: New World Development)SINGAPORE (EDGEPROP) - Hong Kong developer New World Development has sold three floors from its upcoming Grade A commercial building at 888 Lai Chi Kok Road in Cheung Sha Wan, Hong Kong.Read also: Hong Kong home prices slip from all-time high amid concerns about stock market wealth, policy speculationAccording to a press release,
- 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. Beijing is no longer willing to tolerate "monopoly behaviour," the source added.
