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'Property Market to Pick up Next Year'
[Hong Kong Stock Connect] NEW WORLD DEV (00017) fell by 3.23%. The company responded that the speculation about violating Financial Indicators is unfounded.
Jinwu Financial News | NEW WORLD DEV (00017) stock price has fallen, down 3.23% as of the time of writing, reported at 5.1 Hong Kong dollars, with a turnover of 54.4521 million Hong Kong dollars. According to the latest press release on the company's official website, a spokesperson responded that regarding rumors of NEW WORLD violating Financial Indicators and seeking exemptions from Banks, it has come to know of some false speculations and rumors circulating online about the company. The group reiterates that it fully complies with all disclosure requirements and provides timely and appropriate information to investors and Shareholders. NEW WORLD will continue, as always, to commit to executing the current company strategy.
Express News | Hong Kong Builder New World Asks Banks to Extend Loan Due Dates - Bloomberg News
Hong Kong Property Stocks generally declined, with NEW WORLD DEV (00017) falling by 6.73%. Morgan Stanley expects that the Hong Kong Real Estate market will still face challenges next year.
Golden Business News | Hong Kong Property Stocks saw a general decline, with NEW WORLD DEV (00017) falling by 6.73%, HYSAN DEV (00014) down 2.32%, SWIRE PACIFIC A (00019) dropping 2.15%, HENDERSON LAND (00012) decreasing by 2.03%, CK ASSET (01113) down 1.58%, and SHK PPT (00016) falling by 1.06%. Morgan Stanley published a research report stating that there is no sign of improvement in the Hong Kong Real Estate market next year, which is expected to remain challenging, with interest rates maintained at a high level, adversely affecting the overall development of Hong Kong's property market. Although the valuations of local Real Estate stocks are relatively cheap.
Market Chatter: Hong Kong's Weekend Housing Transactions Slide 20% Weekly
Market Chatter: New World Development Could Face More Losses With Dismal Pricing, High Land Costs of Projects
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TWIMO (151403908) : Don't buy until price break above 20 days Moving Average.