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<Research>HSBC Research Keeps Reduce on NWD; Financial Recovery Still Needs Time
Recommend 1 Positive 3 Negative 5 |
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NEW WORLD DEV (00017.HK) recorded a net loss of HKD3.7 billion for 1FH26 ending December 2025, marking the third consecutive year of losses, according to a report from HSBC Research. Although NEW WORLD DEV managed to trim its loss and management has been actively working to improve the financial condition, HSBC Research believes there is still a huge gap from the substantial improvement expected by investors. As bank loan refinancing will gradually mature starting from 2028, NEW WORLD DEV may need to undertake significant asset disposals or receive strong support from its parent company to improve the current situation. HSBC Research has kept a Reduce rating and a target price of HKD6.2 on NEW WORLD DEV. AAStocks Financial News |
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