Duyuru • Feb 12
New World Development Company Limited to Report First Half, 2026 Results on Feb 27, 2026 New World Development Company Limited announced that they will report first half, 2026 results on Feb 27, 2026 Duyuru • Sep 26
New World Development Company Limited, Annual General Meeting, Nov 20, 2025 New World Development Company Limited, Annual General Meeting, Nov 20, 2025, at 11:45 China Standard Time. Location: meeting room n201 (expo drive entrance), level 2, hong kong convention and exhibition centre, 1 expo drive, wanchai, Hong Kong Duyuru • Sep 16
New World Development Company Limited to Report Fiscal Year 2025 Final Results on Sep 26, 2025 New World Development Company Limited announced that they will report fiscal year 2025 final results on Sep 26, 2025 Duyuru • Jul 18
New World Reportedly Seeks to Sell 11 Skies Airport Mall to Boost Liquidity New World Development Company Limited (SEHK:17) is seeking to sell its flagship 11 Skies mall to address liquidity constraints, according to people familiar with the matter. The company has held early-stage discussions with the Hong Kong airport authority on its plans, the people said, requesting not to be named because the matter is private. The talks are preliminary and subject to change, the people said. The property has been evaluated at a price range of HKD 15 billion (USD 1.9 billion or MYR 8.1 billion) to HKD 17 billion, one of the people said. That means selling at a loss considering New World invested HKD 20 billion in the project, billed as Hong Kong’s largest shopping mall. The company and the airport authority didn’t immediately respond to requests for comment. The development of the 11 Skies mall has become a drag on New World, hampered by sluggish tenant sign-ups and concerns over weak foot traffic — fuelled in part by uncertainty around airlines’ willingness to shift flights to Hong Kong’s second airport terminal next to the complex. Facing liquidity pressure, New World is accelerating asset sales — including in mainland China — as it rushes to shore up its balance sheet. The company is also seeking to raise as much as USD 2 billion through a new loan facility, backed by its crown jewel, the Victoria Dockside complex in Hong Kong, underscoring the urgency of its capital-raising efforts. New World missed its self-imposed target to complete the USD 2 billion loan deal, people familiar with the matter said earlier this week. The company had HKD 50 billion in completed investment properties in mainland China as of Dec. 31, according to Bloomberg Intelligence. Its prospects for selling the assets are clouded by the country’s ongoing real estate downturn and slowing economy. In Shanghai, the company is seeking CNY 2.85 billion (USD 397 million or MYR 1.69 billion) for its K11 tower, according to a property agent brochure. Controlled by the family empire of Hong Kong tycoon Henry Cheng, New World has one of the highest debt burdens of any big developer in the city. Its net debt reached 95.5% of shareholders’ equity as of December, according to Bloomberg Intelligence. The funding environment for troubled and small Hong Kong developers has become increasingly challenging given that property prices in the city are now around a nine-year low. Banks are demanding stricter refinancing terms and asking for more credit enhancements. Duyuru • Jul 03
New World Development Company Limited Announces Resignation of Dr. Cheng Chi-Kong, Adrian as Non-Executive Director and Non-Executive Vice-Chairman, Effective from 1 July 2025 New World Development Company Limited announced that Dr. Cheng Chi-Kong, Adrian has tendered his resignation as a non-executive director and non-executive vice-chairman of the Company with effect from 1 July 2025 to devote more time on public services and other personal commitments. Duyuru • Feb 18
New World Development Company Limited to Report First Half, 2025 Results on Feb 28, 2025 New World Development Company Limited announced that they will report first half, 2025 results on Feb 28, 2025 Duyuru • Nov 29
Chow Tai Fook Enterprises Limited agreed to acquire 75% stake in Kai Tak Sports Park Limited from New World Development Company Limited (SEHK:17) for approximately HKD 420 million. Chow Tai Fook Enterprises Limited agreed to acquire 75% stake in Kai Tak Sports Park Limited from New World Development Company Limited (SEHK:17) for approximately HKD 420 million on November 28, 2024. A cash consideration of HKD 416.7 million will be paid by Chow Tai Fook Enterprises Limited. As part of consideration, HKD 416.7 million is paid towards common equity of Kai Tak Sports Park Limited. Upon Completion, New World Development Company Limited will cease to own any stake in Kai Tak Sports Park Limited. Reported Earnings • Oct 28
Full year 2024 earnings released: HK$4.71 loss per share (vs HK$0.38 loss in FY 2023) Full year 2024 results: HK$4.71 loss per share (further deteriorated from HK$0.38 loss in FY 2023). Revenue: HK$35.8b (down 34% from FY 2023). Net loss: HK$11.9b (loss widened HK$10.9b from FY 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 27
Full year 2024 earnings released: HK$4.71 loss per share (vs HK$0.39 profit in FY 2023) Full year 2024 results: HK$4.71 loss per share (down from HK$0.39 profit in FY 2023). Revenue: HK$35.8b (down 62% from FY 2023). Net loss: HK$11.9b (down HK$12.8b from profit in FY 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Duyuru • Sep 13
New World Development Company Limited to Report Fiscal Year 2024 Results on Sep 26, 2024 New World Development Company Limited announced that they will report fiscal year 2024 results on Sep 26, 2024 Buy Or Sell Opportunity • Aug 07
Now 23% overvalued Over the last 90 days, the stock has fallen 11% to €0.90. The fair value is estimated to be €0.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to decline by 25% per annum. Earnings are forecast to grow by 25% per annum over the same time period. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.09, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 1x in the Real Estate industry in Germany. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.75 per share. Buy Or Sell Opportunity • Apr 18
Now 22% overvalued Over the last 90 days, the stock has fallen 24% to €0.90. The fair value is estimated to be €0.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to decline by 25% per annum. Earnings are forecast to grow by 25% per annum over the same time period. New Risk • Mar 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 160% Dividend per share is over 14x cash flows per share. Dividend yield: 4.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 160% Dividend per share is over 14x cash flows per share. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results. Upcoming Dividend • Mar 13
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 18 April 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.15, the stock trades at a forward P/E ratio of 16x. Average trailing P/E is 30x in the Real Estate industry in Germany. Total loss to shareholders of 64% over the past three years. Declared Dividend • Mar 03
First half dividend of HK$0.20 announced Shareholders will receive a dividend of HK$0.20. Ex-date: 20th March 2024 Payment date: 18th April 2024 Dividend yield will be 40%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (177% earnings payout ratio). However, it is covered by cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 97% to bring the payout ratio under control. EPS is expected to grow by 104% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Mar 01
First half 2024 earnings released: EPS: HK$0.006 (vs HK$0.48 in 1H 2023) First half 2024 results: EPS: HK$0.006 (down from HK$0.48 in 1H 2023). Revenue: HK$17.1b (down 57% from 1H 2023). Net income: HK$14.3m (down 99% from 1H 2023). Profit margin: 0.1% (down from 3.0% in 1H 2023). Revenue is expected to fall by 27% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Duyuru • Feb 20
New World Development Company Limited to Report First Half, 2024 Results on Feb 29, 2024 New World Development Company Limited announced that they will report first half, 2024 results on Feb 29, 2024 New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.8% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Dividend is not well covered by earnings (196% payout ratio). Profit margins are more than 30% lower than last year (1.0% net profit margin). Duyuru • Dec 18
New World Development Company Limited Appoints Ma Siu-Cheung as Chief Operating Officer, Effective from January 1, 2024 New World Development Company Limited announced that Mr. Ma Siu-Cheung, who has been an executive director of the Company since 1 July 2022, has been appointed as the chief operating officer of the Company effective from 1 January 2024. In addition to his current duties and responsibilities, Mr. Ma will assist the executive vice-chairman and chief executive officer of the Company, Dr. Cheng Chi-Kong, Adrian, in the daily management and operations of the Group's business in Hong Kong. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €1.40, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 8x in the Real Estate industry in Germany. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.72 per share. New Risk • Nov 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.8% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (196% payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Duyuru • Nov 22
New World Development Company Limited Approves Final Dividend New World Development Company Limited at its AGM held on 21 November 2023, approved to declare a final dividend of HKD 0.30 per share. Duyuru • Nov 21
New World Development Company Limited Declares Special Dividend, Payable on 20 December 2023 New World Development Company Limited announced that a the special dividend in the amount of HKD 1.59 per Share as declared by the Board on 29 September 2023 will be made on 20 December 2023 to all Shareholders whose names appear on the register of members of the Company at the close of business on 24 November 2023. The last day for trading in Shares with entitlements to the Special Dividend is 22 November 2023. Upcoming Dividend • Nov 16
Upcoming dividend of HK$1.89 per share at 4.9% yield Eligible shareholders must have bought the stock before 23 November 2023. Payment date: 20 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.9%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.5%). Duyuru • Oct 25
New World Development Company Limited, Annual General Meeting, Nov 21, 2023 New World Development Company Limited, Annual General Meeting, Nov 21, 2023, at 11:45 China Standard Time. Location: Meeting Room N201 (Expo Drive Entrance), Level 2 Hong Kong Convention and Exhibition Centre, 1 Expo Drive Wanchai Hong Kong Agenda: To consider and adopt the audited Financial Statements and the Reports of the Directors and the Independent Auditor for the year ended 30 June 2023; to declare a final dividend; to re-elect Directors and authorise the Board of Directors; To re-appoint Messrs. PricewaterhouseCoopers as Auditor and authorise the Board of Directors to fix their remuneration. New Risk • Oct 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 1.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Oct 01
Full year 2023 earnings released: EPS: HK$0.39 (vs HK$0.50 in FY 2022) Full year 2023 results: EPS: HK$0.39. Revenue: HK$95.2b (up 40% from FY 2022). Net income: HK$3.44b (up 176% from FY 2022). Profit margin: 3.6% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 3.8% p.a. on average during the next 2 years compared to a 14% decline forecast for the Real Estate industry in Germany. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 59% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.5% operating cash flow to total debt). Earnings have declined by 59% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (476% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Buying Opportunity • Aug 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €2.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 61%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 438% in the next 2 years. Duyuru • Jul 25
New World Development Company Limited to Report Fiscal Year 2023 Results on Sep 30, 2023 New World Development Company Limited announced that they will report fiscal year 2023 results on Sep 30, 2023 Duyuru • Jun 28
Chow Tai Fook Enterprises Limited made an offer to acquire additional 96.955655% stake in NWS Holdings Limited (SEHK:659) from New World Development Company Limited (SEHK:17) and others for HKD 34.6 billion. Chow Tai Fook Enterprises Limited made an offer to acquire additional 96.955655% stake in NWS Holdings Limited (SEHK:659) from New World Development Company Limited (SEHK:17) and others for HKD 34.6 billion on June 27, 2023. The offer price per share is HKD 9.15 for 3,791,380,925 shares and 84,638,650 options having exercisable price of HKD 7.83. NWS board has established a special committee comprising To Hin Tsun, Gerald, Dominic Lai, Shek Lai Him, Abraham, Lee Yiu Kwong, Alan, Oei Wai Chi Grace Fung, Wong Kwai Huen, Albert, Professor Chan Ka Keung, Ceajer and Ng Yuen Ting, Yolanda, to make a recommendation to the Disinterested NWS Shareholders and the Disinterested NWS Option holders as to whether the NWS Offers are, or are not, fair and reasonable and as to acceptance. Transaction is conditional upon acceptance of all 60.87559% stake owned by New Development Company, Shareholders approval of New Development Company for the disposal, and other conditions. If a threshold of 90% will be achieved, the offeror will go for compulsory acquisition. The Hongkong and Shanghai Banking Corporation Limited, BOCI Asia Limited, and ING Bank N.V., Hong Kong Branch acted as financial advisors to Chow Tai Fook Enterprises Limited. Recent Insider Transactions • May 18
Non-Executive Vice Chairman recently sold €1.9m worth of stock On the 12th of May, Wai-Hoi Doo sold around 805k shares on-market at roughly €2.36 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Wai-Hoi has been a net seller over the last 12 months, reducing personal holdings by €4.6m. Recent Insider Transactions • Mar 27
Non-Executive Vice Chairman recently sold €250k worth of stock On the 21st of March, Wai-Hoi Doo sold around 100k shares on-market at roughly €2.50 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €952k. Wai-Hoi has been a net seller over the last 12 months, reducing personal holdings by €2.0m. Recent Insider Transactions • Mar 21
Non-Executive Vice Chairman recently sold €767k worth of stock On the 15th of March, Wai-Hoi Doo sold around 300k shares on-market at roughly €2.56 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Wai-Hoi's only on-market trade for the last 12 months. Upcoming Dividend • Mar 08
Upcoming dividend of HK$0.46 per share at 8.7% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 13 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.8%). Reported Earnings • Feb 24
First half 2023 earnings released: EPS: HK$0.48 (vs HK$0.57 in 1H 2022) First half 2023 results: EPS: HK$0.48 (down from HK$0.57 in 1H 2022). Revenue: HK$40.2b (up 13% from 1H 2022). Net income: HK$1.21b (down 16% from 1H 2022). Profit margin: 3.0% (down from 4.0% in 1H 2022). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Duyuru • Feb 14
New World Development Company Limited to Report First Half, 2023 Results on Feb 23, 2023 New World Development Company Limited announced that they will report first half, 2023 results on Feb 23, 2023 Duyuru • Feb 03
New World Reportedly Considers Sale of Majority of $1.4 Billion Hong Kong Office Tower New World Development Company Limited (SEHK:17) is talking to investors about the sale of a majority stake in an office tower under its premium K11 brand as it disposes of non-core assets to fund its rapid expansion, two people with direct knowledge of the matter said. The Grade-A K11 Atelier King’s Road tower in eastern Hong Kong island from the city’s fourth-biggest developer is valued in its entirety at HKD 11 billion ($1.4 billion), according to the people. To attract investors and sell at a good price, New World is offering a guaranteed capitalisation rate - a measure associated with rental yield - of around 4% under a deal structure similar to the sale of a land plot last year, the people added. They spoke on condition of anonymity because the talks were private. Previous big disposals by New World had raised liquidity concerns and contributed to a sell-off in bonds in the developer, which is majority-owned by local conglomerate Chow Tai Fook Enterprises and more highly leveraged than peers. The bonds have since largely recovered in price after the developer repurchased notes worth HKD 6.5 billion. New World said in a statement to Reuters that it had no plans to sell a stake in K11 Atelier King’s Road, though it was common practice to exchange views with investors on business sentiment, valuation and potential investment opportunities. “The K11 Atelier King’s Road is not amongst our flagship portfolio,” it said. “New World Development also has no interest in selling any other K11 properties. We are in a very strong liquidity position with robust cash reserves.” The people told Reuters that any disposal of K11 Atelier King’s Road is expected to model the sale of a 51% interest of a commercial land plot in western Kowloon to alternative asset manager Ares SSG last September, under which New World provided a 5% dividend rate for four years. The guarantee allowed New World to sell at a higher-than-market HKD 3.1 billion, booking a HKD 450 million gain, and supported the valuation of its nearby projects for sale, the people added. Ares SSG declined to comment. A similar structure is also being offered to investors to buy D-Park, a shopping mall worth HKD 6 billion on a 100% basis, the people said. New World is not financially distressed according to the people, along with a third person who deals directly with the developer, but it needs more cash to support its rapid expansion. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 22% share price gain to €2.70, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Real Estate industry in Germany. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.59 per share. Upcoming Dividend • Nov 17
Upcoming dividend of HK$1.50 per share Eligible shareholders must have bought the stock before 24 November 2022. Payment date: 21 December 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 10%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.8%). Reported Earnings • Oct 01
Full year 2022 earnings released: EPS: HK$0.50 (vs HK$0.46 in FY 2021) Full year 2022 results: EPS: HK$0.50 (up from HK$0.46 in FY 2021). Revenue: HK$68.2b (flat on FY 2021). Net income: HK$3.63b (up 210% from FY 2021). Profit margin: 5.3% (up from 1.7% in FY 2021). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Duyuru • Sep 20
New World Development Company Limited to Report Fiscal Year 2022 Final Results on Sep 30, 2022 New World Development Company Limited announced that they will report fiscal year 2022 final results on Sep 30, 2022 Duyuru • Jun 09
New World Development Company Limited Appoints of Ma Siu-Cheung as Executive Director The board of directors of New World Development Company Limited announced that Mr. Ma Siu-Cheung has been appointed as an executive director of the Company with effect from 1 July 2022. Mr. Ma Siu-Cheung, aged 58, joined the Group as an executive director of NWS Holdings Limited, a listed public company in Hong Kong, in July 2018. He was the Chief Operating Officer of NWS during the period from July to December 2018 and became the Chief Executive Officer of NWS from January 2019. He is responsible for overseeing the overall strategic development and business operations of the NWS group, and is also a director of certain subsidiaries of the Group. Prior to joining the Group, Mr. Ma was the Acting Chief Executive Officer of Hong Kong-Shenzhen Innovation and Technology Park Limited during the period from February to June 2018. He joined the Government of the Hong Kong Special Administrative Region in January 2014 as the Under Secretary for Development and was subsequently appointed as the Secretary for Development in February 2017 and remained in the post until June 2017. Prior to working with the Government of the Hong Kong Special Administrative Region, Mr. Ma was the Executive Vice-President for Civil and Infrastructure Business (Asia Pacific) of AECOM Asia Company Limited. Mr. Ma is a Fellow of the Hong Kong Institution of Engineers, the Institution of Civil Engineers, United Kingdom, the Institution of Structural Engineers, United Kingdom, the Chartered Institution of Highways and Transportation, United Kingdom and Royal Institution of Chartered Surveyors, United Kingdom. He is also a Registered Professional Engineer in Hong Kong and a Chartered Engineer in the United Kingdom. Mr. Ma holds a Bachelor of Science degree in Engineering (Civil) from The University of Hong Kong and a Master of Engineering degree in Transportation Planning from Monash University, Australia. Mr. Ma is a Member of General Committee and Chairman of Real Estate & Infrastructure Committee, both of the Hong Kong General Chamber of Commerce. He is a Vice President of The Hong Kong Institution of Engineers, an Honorary Professor of the School of Science and Technology of The Hong Kong Metropolitan University and an Adjunct Professor of the Department of Civil and Environmental Engineering, Faculty of Construction and Environment of The Hong Kong Polytechnic University and the Department of Real Estate and Construction, Faculty of Architecture of The University of Hong Kong. Mr. Ma is a committee member of the Chinese People's Political Consultative Conference of Shenzhen. Mr. Ma was appointed as Justice of the Peace in 2014 and was awarded the Gold Bauhinia Star by the Government of the Hong Kong Special Administrative Region in 2017. Mr. Ma will serve as a member of the executive committee of the Board effective upon his appointment as an executive director of the Company. Upcoming Dividend • Mar 09
Upcoming dividend of HK$0.56 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 12 April 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.9%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 27
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.57 (up from HK$0.40 in 1H 2021). Revenue: HK$35.6b (flat on 1H 2021). Net income: HK$1.43b (up 41% from 1H 2021). Profit margin: 4.0% (up from 2.8% in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 21% compared to a 27% decline forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Duyuru • Feb 26
New World Development Company Limited Announces Interim Dividend for the Six Months Ended 31 December 2021, Payable on 12 April 2022 New World Development Company Limited announced Interim Dividend for the six months ended 31 December 2021 of HKD 0.56 per share. Ex-dividend date is 16 March 2022. Record date is 24 March 2022. Payment date is 12 April 2022. Duyuru • Feb 16
New World Development Company Limited to Report First Half, 2022 Results on Feb 25, 2022 New World Development Company Limited announced that they will report first half, 2022 results on Feb 25, 2022 Upcoming Dividend • Nov 18
Upcoming dividend of HK$1.50 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 21 December 2021. Trailing yield: 6.0%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.0%). Reported Earnings • Oct 01
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$68.2b (up 16% from FY 2020). Net income: HK$3.45b (up 215% from FY 2020). Profit margin: 5.1% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Duyuru • Sep 09
New World Development Company Limited (SEHK:17) acquired remaining 50% stake in Shanghai New World Huai Hai Property Development Co., Ltd. from Chow Tai Fook Nominee Limited for CNY 3.4 billion. New World Development Company Limited (SEHK:17) acquired remaining 50% stake in Shanghai New World Huai Hai Property Development Co., Ltd. from Chow Tai Fook Nominee Limited for CNY 3.4 billion on September 8, 2021. A sum of CNY 1.7 billion was paid on completion and a sum of CNY 1.7 billion shall be paid by New World Development Company to Chow Tai Fook Nominee on or before September 8, 2022. The consideration is and will be funded by New World Development's internal resources. Shanghai New World Huai Hai Property Development will become wholly owned subsidiary of New World Development Company. The audited net profit after taxation and extraordinary items of Shanghai New World Huai Hai Property Development for the two years ended December 31, 2019 and December 31, 2020 was approximately CNY 117 million and CNY 111 million respectively. The total asset value of Shanghai New World Huai Hai Property Development as at December 31, 2020 was CNY 2,005,397,804.
New World Development Company Limited (SEHK:17) completed the acquisition of remaining 50% stake in Shanghai New World Huai Hai Property Development Co., Ltd. from Chow Tai Fook Nominee Limited on September 8, 2021. Duyuru • Aug 12
Prenetics and New World Development Launches Circle HealthPod, the World's Most Advanced at-Home Covid-19 Test New World Development and Prenetics Limited jointly announce the launch of the Circle HealthPod - a rapid detection system providing PCR-quality results for COVID-19 at point of care or at home. The Circle HealthPod has received CE-IVD marking and will be implemented across New World Development's extensive ecosystem. The HealthPod uses a lower nasal swab and provides results to the individual's smartphone or directly on the device in just 20 minutes. It is intended for use by both symptomatic and asymptomatic individuals aged two and over. Developed at the University of Oxford, the HealthPod is re-usable with single-use molecular capsules, offering convenience and the ability to test frequently with the accuracy of PCR laboratory tests. The collaboration with New World Development instantly gives the HealthPod a vast footprint, with an initial order of 10,000 HealthPods and 60,000 capsules to be used across NWD's extensive ecosystem of retail malls, office buildings, residential developments and art and cultural facilities which currently boasts over 14 million members in Greater China and beyond. It also demonstrates Adrian Cheng's ambition of supporting entrepreneurship in Hong Kong and the Greater Bay Area. As people become more health-conscious, NWD and Prenetics are joining hands to enable improved public access to healthcare services in Hong Kong. Prenetics has set up a Circle Labs concept store in K11 MUSEA to showcase Circle HealthPod products, providing easy and accessible healthcare for the community. Customers can experience the technology and place orders on site. The Circle HealthPod COVID-19 test is a PCR-quality molecular nucleic acid amplification test (NAAT) that detects the RNA of SARS-CoV-2. Several key features are listed below: A pocket-sized lab that provides 96% sensitivity and 99.9% specificity in the detection of COVID-19; A HealthPod which is designed to be used more than 1000 times and in the future with single-use capsules to detect other infectious diseases such as Flu and STDs; A pain-free short nasal swab with PCR-quality results in 20 minutes; Results displayed on the device or on the individual's Circle HealthPod app. Results can be digitally shared with anyone to verify negative results. Recent Insider Transactions • Jul 15
Non-Executive Director recently bought €326k worth of stock On the 9th of July, Kar-Shing Cheng bought around 80k shares on-market at roughly €4.07 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €26m more in shares than they bought in the last 12 months. Recent Insider Transactions • Jun 28
Non-Executive Director recently sold €111k worth of stock On the 22nd of June, Kar-Shing Cheng sold around 25k shares on-market at roughly €4.43 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €28m more than they bought in the last 12 months. Reported Earnings • Mar 21
First half 2021 earnings released: EPS HK$0.40 (vs HK$0.40 in 1H 2020) The company reported a mediocre first half result with weaker profit margins, although earnings were flat and revenues improved. First half 2021 results: Revenue: HK$35.6b (up 9.6% from 1H 2020). Net income: HK$1.01b (flat on 1H 2020). Profit margin: 2.8% (down from 3.1% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Mar 21
New World Development Company Limited Declares an Interim Dividend for the Financial Year Ending 30 June 2021, Payable on or About 15 April 2021 The Board of New World Development Company Limited has declared an interim dividend of HKD 0.56 per share in cash for the financial year ending 30 June 2021 to shareholders whose names appear on the register of members of the Company on 25 March 2021. It is expected that the interim dividend will be distributed to shareholders on or about 15 April 2021. Recent Insider Transactions • Mar 10
Non-Executive Vice Chairman recently sold €820k worth of stock On the 4th of March, Wai-Hoi Doo sold around 200k shares on-market at roughly €4.10 per share. This was the largest sale by an insider in the last 3 months. Wai-Hoi has been a seller over the last 12 months, reducing personal holdings by €15m. Reported Earnings • Feb 28
First half 2021 earnings released: EPS HK$0.40 (vs HK$0.40 in 1H 2020) The company reported a mediocre first half result with weaker profit margins, although earnings were flat and revenues improved. First half 2021 results: Revenue: HK$35.6b (up 9.6% from 1H 2020). Net income: HK$1.01b (flat on 1H 2020). Profit margin: 2.8% (down from 3.1% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 23% compared to a 32% decline forecast for the Real Estate industry in Germany. Duyuru • Feb 17
New World Development Company Limited to Report First Half, 2021 Results on Feb 26, 2021 New World Development Company Limited announced that they will report first half, 2021 results on Feb 26, 2021 
