{
New World Development Co. Ltd.

Companies

}
001122334455554433221100
001122334455554433221100

hsbc urges new world development to address liquidity crisis amid plummeting shares

HSBC analysts have warned that New World Development (NWD) may need a comprehensive debt-reduction plan or a capital injection from the Cheng family to address a liquidity crisis, as its shares have dropped 37% since late November, losing HK$6.4 billion in market value. Despite a recent 6.3% rally, shares remain near a record low of HK$4.04. HSBC has cut its price target for NWD to HK$3.66, with a majority of analysts rating the stock as a sell, while CEO Echo Huang is focused on improving the company's financial position.
dimsumdaily.hk
United States Dollar Hong Kong Dollar New World Development Co. Ltd. HSBC HOLDINGS HKG Henry Cheng Huang Shao-Mei Echo
Finance & Economy, Market Report
18:48 07.02.2025

new world development faces liquidity challenges amid falling stock prices

New World Development (NWD) faces a liquidity crisis, prompting analysts at HSBC to suggest a debt-reduction plan or cash injection from the Cheng family. The company's shares have plummeted 37% since late November, leading to a revised stock-price target of HK$3.66. A comprehensive deleveraging strategy is recommended to alleviate investor concerns, as NWD attempts to boost sales by pricing its residential units at multi-year lows.
South China Morning Post
United States Dollar Hong Kong Dollar New World Development Co. Ltd. HKG USA Henry Cheng Raymond Liu Michelle Kwok Show more
Business & Industry, Market Report
09:40 07.02.2025

ubs halts margin loans on new world development securities amid governance issues

UBS has ceased accepting certain bonds and shares of Hong Kong's New World Development as collateral for loans, following similar actions by Citigroup and HSBC. The company, facing governance issues and a record debt of 199 billion Hong Kong dollars, reported a full-year loss in 2024. CEO Adrian Cheng stepped down in September, with his successor resigning shortly after.
MarketScreener
Hong Kong Dollar United States Dollar New World Development Co. Ltd. UBS Group AG HSBC HOLDINGS Citigroup Inc. HKG Henry Cheng Adrian Cheng Eric Mabius Show more
Business & Industry, News Article
09:08 21.01.2025

ubs halts margin loans on new world development securities

UBS Group AG has ceased accepting certain bonds and shares of New World Development Co. as collateral for margin loans, following similar actions by Citigroup Inc. and HSBC Holdings Plc. This move reflects a broader trend among global lenders to restrict financing for wealthy clients involving these securities.
Bloomberg.com
United States Dollar New World Development Co. Ltd. UBS Group AG HSBC Holdings plc Citigroup Inc. HKG CHE GBR Show more
Business & Industry, Market Report
06:57 21.01.2025

New World Development Faces Leadership Instability with Third CEO in Two Months

In a recent town-hall meeting, Henry Cheng announced Echo Huang as the new CEO of New World Development Co., marking the third leadership change in two months. Employees expressed concerns about the company's stability amid these rapid transitions, as Huang is tasked with addressing debt and revitalizing the residential property pipeline.
bloomberg.com
New World Development Co. Ltd. HKG Echo Huang Henry Cheng
Finance & Economy, News Article
01:00 07.12.2024

new world ceo eric ma to resign after two months in office

Eric Ma, the CEO of New World Development Co., is set to resign after just two months in a tumultuous leadership period for the Hong Kong property developer. An official announcement regarding his departure is anticipated as early as Friday afternoon, according to sources familiar with the situation.
bloomberg.com
New World Development Co. Ltd. HKG Eric Mabius
Finance & Economy, News Article
06:43 29.11.2024
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