SEHK:17Real Estate
Is New World Development (SEHK:17) Now Fairly Priced After Its 1‑Year 143% Rally?
If you are wondering whether New World Development offers value at its current price, you are not alone, especially given how sharply the stock has been moving.
The share price closed at HK$10.02, with returns of 1.9% over 7 days, 35.6% over 30 days, 35.6% year to date, and 142.6% over 1 year. The 3 year and 5 year returns sit at 49.5% and 60.1% declines.
These moves have come as investors refocus on Hong Kong property developers and reassess balance sheet strength and asset values across...