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An update from New World Development ( (HK:0017) ) is now available.
New World Development Company Limited has issued a clarification announcement addressing media rumors about potential funding injections from its controlling shareholder and third-party investors. The company clarified that it is only in discussions regarding a loan facility led by Deutsche Bank AG as part of its regular financing activities and has not received any funding proposals as speculated. The company emphasized the importance of relying on official announcements for information and urged caution when dealing in its securities.
The most recent analyst rating on (HK:0017) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on New World Development stock, see the HK:0017 Stock Forecast page.
More about New World Development
New World Development Company Limited is a Hong Kong-based conglomerate primarily engaged in property development, infrastructure, and services. The company operates through its subsidiaries and focuses on real estate, hotels, and retail businesses, serving a wide range of markets.
YTD Price Performance: 28.29%
Average Trading Volume: 21,503,656
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.66B
Find detailed analytics on 0017 stock on TipRanks’ Stock Analysis page.