Citi upgraded NEW WORLD DEV's rating from Sell to Neutral and raised its target price due to the improvement in the group's long-term value. The analyst noted that NEW WORLD DEV is expected to achieve better asset turnover thanks to its abundant saleable resources during the property price upcycle. Additionally, the company is optimizing its debt structure and reducing financing costs, which, along with growth in rental income and significant property transactions, is contributing to improved cash flow. Despite these positive developments, it is acknowledged that it will take time for the company to return to profitability.

CLSA

Hold

upgrade

$10

2026-03-02

New

Reason

CLSA

Price Target

$10

2026-03-02

New

upgrade

Hold

Reason

The analyst rating for NEW WORLD DEV (00017.HK) is maintained at "Hold" despite an increase in the target price from $4.1 to $10. The reasoning behind this rating is based on the company's narrowed losses in the first half of FY2026 due to a recovery in Hong Kong's property market and expected profit gains from debt exchange. The management's confidence in achieving a $27 billion contract sales target is also noted, which is anticipated to improve full-year operating cash flow. However, CLSA highlights that while cash flow pressure is expected to decrease over the next 12 months, uncertainties remain due to a lack of high-quality saleable resources and upcoming debt maturities.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for 00017

Unlock Now

00017 Should I Buy

00017 Should I Buy

Should You Buy NEW WORLD DEV (00017) Today? Analysis, Price Targets, and 2026 Outlook.

No data

No data

Growth

Profitability

Efficiency

People Also Watch