CI-NWD @EC2703A

LEOCH INT'L

STARGLORY HLDGS

INTELLIMARK W27

BEST FOOD HLDG

GAOYU FINANCE

EXTREME VISION

TIAN TU CAPITAL

HSC RESOURCES

EPI (HOLDINGS)

LAP KEI ENGRG

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Hong Kong's New World Development has paused its acquisition of remaining stakes in three commercial sites in Causeway Bay, reflecting caution among developers despite some recovery in the office market. The company, which is reducing debt, emphasized prudence in its approach to market conditions. Analysts note a two-speed recovery in the commercial property market, with high vacancy rates persisting in many sectors. NWD may still explore options for full control of the sites, including compulsory acquisition or private sales, while considering the potential for third-party sales if redevelopment plans are not immediate.

SCMP

NEW WORLD DEV

New World pulls back on Causeway Bay acquisition amid uneven recovery

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The redevelopment project of New World Development at Persian Gulf Street in Causeway Bay was left unsold at auction. The project was originally scheduled for compulsory auction this morning, but no bidders attended the site, and the auction was ultimately announced as canceled. A spokesperson for New World Development responded to inquiries, stating that the group will consider costs and benefits in a timely manner, taking into account market supply and demand, and will make prudent considerations to pursue reasonable returns

AASTOCKS

The Copper Ring Bay redevelopment project was unsold. New World: We will seek reasonable returns based on costs and benefits

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The latest report from Zhongyuan CSI (Residential Sale Price) is 70.41 points, an increase of 1.91 points from last week, indicating a heated overall property market, with the top ten housing estates achieving an 8-week high in transactions. The CSI (Residential Rent) is reported at 68.35 points, up 2.26 points week-on-week, reaching a new high since July 2021. Shop rents have slightly increased, while industrial and office property rents and sales have declined for two consecutive weeks. It is expected that the CSI will continue to hover around the 70-point level in the short term, with a slight improvement in the office market

HANG LUNG PPT

CK ASSET

CHINA OVERSEAS

SHK PPT

WHARF REIC

CHINA RES LAND

LINK REIT

HENDERSON LAND

HANG LUNG GROUP

HENDERSON INV

ChinaAMC CSI All Share Real Estate ETF

GF CSI All Share Financials ETF

Hwabao WP CSI 800 Real Estate ETF

Yinhua CSI Interior Real Estate Theme ETF

China Southern CSI All Share Real Estate ETF

In "Hong Kong Property," the Centaline CSI (Residential Price) increased by 1.91 points weekly, with the index rising above 70 points

New World Development announced that K11 MUSEA will undergo a brand upgrade, updating over 30% of its floor area, with more than 60 brands making their debut. It is expected that rental income will achieve double-digit growth. K11 MUSEA's occupancy rate remains at 98%, with foot traffic and consumption reaching new highs during the Spring Festival. The group's New World 188 project launched in Shenzhen has a total construction area of approximately 9.7 million square feet, with the first batch of 300 residential units set to be released this season. K11 in mainland China performed well during the Spring Festival, and Wuhan K11 is expected to add 13 new stores

New World Development: K11 MUSEA will update over 30% of its retail space, with over 60 brands making their debut. Shenzhen's K11 Art Mall will launch 300 units this season

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The Hong Kong stock ADR is expected to open 573 points higher this morning, reporting at 25,362 points. The relative stock prices and the premium situation of Hong Kong stocks to American Depositary Receipts are as follows: CKH HOLDINGS (-1.23%), CLP HOLDINGS (-0.44%), HK & CHINA GAS (4.37%), WHARF HOLDINGS (-2.94%), HSBC HOLDINGS (-2.70%), POWER ASSETS (-1.02%), PCCW (-2.11%), HENDERSON LAND (-0.13%), SHK PPT (-2.33%), NEW WORLD DEV (2.63%), SWIRE PACIFIC A (-1.53%), BANK OF E ASIA (-2.05%), GALAXY ENT (-4.82%), HANG LUNG PPT (4.13%), GEELY AUTO (9.29%), CITIC LIMITED (3.09%), CATHAY PAC AIR (-7.40%)

POWER ASSETS

HSBC HOLDINGS

CLP HOLDINGS

CATHAY PAC AIR

GEELY AUTO

CKH HOLDINGS

BANK OF E ASIA

WHARF HOLDINGS

SWIRE PACIFIC B

PCCW

HK & CHINA GAS

GALAXY ENT

SWIRE PACIFIC A

The Hong Kong stock ADR is expected to open 573 points higher this morning, reporting at 25,362 points

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Chow Tai Fook Renews Master Leasing Deal with New World Development and Sets New Caps

Tip Ranks

NWDS CHINA

CHOW TAI FOOK

Chow Tai Fook Renews Master Leasing Deal with New World Development and Sets New Caps

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New World Development and MTR Corporation have updated the sales brochure for the Tai Wai Park Avenue III project, which consists of 2 towers offering 892 units, ranging from one-bedroom to four-bedroom layouts, with a focus on three-bedroom and exclusive four-bedroom units. Currently, about 500 units remain available, with an expected launch in the first half of the year. The developer pointed out that there is a scarcity of three-bedroom or larger units above railway stations, indicating strong potential purchasing power in the market. Additionally, the project's prime location and the presence of a large shopping mall at the base are expected to attract market attention upon launch

MTR CORPORATION

The new project "Tai Wai Park Avenue III" updates the sales brochure, covering one to four-bedroom layouts

The two-bedroom unit at Pak Oi Court in Tai Wai was sold for HKD 11 million, which is HKD 200,000 lower than the original asking price. The usable area is 464 square feet, with an average price per square foot of HKD 23,707. This unit was purchased in 2020 for approximately HKD 8.93 million and has been held for about 6 years, resulting in a paper profit of HKD 2.07 million, an appreciation of 23.2%

The price of a two-bedroom unit at Pak Oi Court in Tai Wai has been reduced by HKD 200,000, with a transaction price of HKD 11 million, appreciating 23% over six years

The Hong Kong stock ADR is expected to open 300 points lower on Monday, reporting at 24,651 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH HOLDINGS HKD 58.391 (premium 1.30%), CLP Holdings HKD 72.793 (premium 0.15%), HK & CHINA GAS HKD 6.653 (premium 6.57%), WHARF HOLDINGS HKD 21.427 (premium 3.98%), HSBC HOLDINGS HKD 123.967 (premium 0.67%), POWER ASSETS HKD 60.199 (premium 1.50%), PCCW HKD 5.917 (premium -1.30%), HENDERSON LAND HKD 29.43 (premium 1.39%), SHK PPT HKD 128.522 (premium 0.22%), NEW WORLD DEV HKD 7.757 (premium 6.10%), Swire Properties A HKD 84.768 (premium 1.10%), BANK OF E ASIA HKD 13.327 (premium 0.17%), GALAXY ENT HKD 35.786 (premium -0.97%), HANG LUNG PPT HKD 8.312 (premium 4.19%), Geely Automobile HKD 19.118 (premium 9.32%), CITIC Limited HKD 11.451 (premium 3.31%), Cathay Pacific HKD 12.21 (premium -0.33%)

HKT-SS

Hong Kong stocks ADR expect the Hang Seng Index to open 300 points lower on Monday, reporting at 24,651 points

Zheng Jiacheng purchased a 3-bedroom unit at Victoria Centre for HKD 22.05 million, with a usable area of 1,031 square feet and an age of approximately 45 years. The actual price per square foot for the property is HKD 21,387, and the buyer registered under the name of Starry Investment Limited. Zheng Jiacheng is the second son of Zheng Yutong, the founder of New World, and currently serves as a non-executive director of New World

Zheng Jiacheng purchased a three-bedroom unit in Victoria Centre for HKD 22.05 million

Hong Kong stocks ADR are expected to open 6 points higher this morning, reporting 25,342 points. The relative stock prices of major companies' ADRs and the premium situation of Hong Kong stocks to ADRs are as follows: CK Hutchison Holdings (CKHUY) HKD 60.03, premium 0.45%; CLP Holdings (CLPHY) HKD 74.157, premium -0.48%; HK & China Gas (HOKCY) HKD 6.891, premium 4.48%; Wharf Holdings (WARFY) HKD 24.028, premium -5.28%; HSBC Holdings (HSBC) HKD 127.135, premium -1.68%; Power Assets Holdings (HGKGY) HKD 62.534, premium -0.37%; PCCW (PCCWY) HKD 5.917, premium -0.96%; Henderson Land Development (HLDCY) HKD 30.445, premium -0.02%; SHK PPT (SUHJY) HKD 132.895, premium -0.60%; New World Development (NDVLY) HKD 7.24, premium 17.27%; Swire Properties A (SWRAY) HKD 86.718, premium 0.27%; Bank of East Asia (BKEAY) HKD 13.326, premium 1.91%; GALAXY ENT (GXYEF) HKD 36.276, premium -1.48%; HANG LUNG PPT (HLPPY) HKD 8.774, premium 0.98%; Geely Automobile (GELYY) HKD 19.116, premium 11.11%; CITIC Limited (CTPCY) HKD 11.45, premium 4.19%; Cathay Pacific Airways (CPCAY) HKD 12.366, premium 0.52%; CHINA GAS HOLD (CGHLY)

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CHINA GAS HOLD

CK Hutchison Holdings

Wharf Holdings

Power Assets Holdings

Hong Kong stocks ADR are expected to open 6 points higher this morning, reporting at 25,342 points

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Hong Kong stocks rose in the morning session, with the Hang Seng Index up 447 points, closing at 24,829 points. The National Index rose 118 points, and the Hang Seng Tech Index increased by 67 points. Financial stocks performed strongly, with AIA rising nearly 6%, HSBC and Hong Kong Exchanges and Clearing increasing by 2.5% and 1.9%, respectively. Real estate stocks rebounded, with New World Development up 3.3%. Master Kong earned 21% more last year, and its stock price rose by 6.7%. The total turnover of the market for the half day was HKD 149.586 billion

CHINA RES BEER

First Trust NASDAQ Food & Beverage

ChinaAMC CSI Food & Beverage Sub-Industry ETF

China Merchants Guozheng Food and Beverage ETF

In the Hong Kong stock market, the Hang Seng Index rose 447 points in the first half of the day, with AIA increasing nearly 6% and Master Kong's performance boosting the share price of China Resources Beer

New World Development, MTR Co-developed Project Puts Up Unit for Tender Sale

marketscreener

New World Development, MTR Co-developed Project Puts Up Unit for Tender Sale

$NEW WORLD DEV(00017.HK)HSBC Global Research has lowered the target price of New World Development (00017) for two consecutive months, from HK$4 last month to HK$3.66. HSBC's report pointed out that investors focused on New World's financial and debt reduction progress. Although a breakthrough in refinancing or deleveraging could benefit the stock price, the bank believes New World has low visibility in profitability and dividend resumption, hence maintaining a &#34;Reduce&#34; rating.HSBC Global Research released two analysis reports on New World at once, not only cutting the target price again but also reiterating the potential impact of New World's debt on the banking sector. HSBC mentioned:In the worst-case scenario, if banks need to classify New World Development's loans as &#34;non-performing loans (NPLs),&#34; the NPL ratio of Hong Kong's banking system would rise by 1.3 percentage points to 3.3%.

HSBC

HSBC HK SDR 5to1

A scoop quoted by Hong Kong media from foreign media, the big influencer on Xiaohongshu, the heir of the New World Group, Adrian Cheng is likely to step down! ==$NEW WORLD DEV(00017.HK) announced its annual results on the eve, Bloomberg quoted sources as reporting that New World would announce its first annual loss in 20 years, so the major shareholder of New World, the Cheng family, is considering replacing CEO Adrian Cheng. In addition, according to our newspaper, the K11 team led by Adrian Cheng has been laying off employees for days.Our newspaper is inquiring with New World, but there is no response yet.When asked about the market rumor that New World would replace CEO Adrian Cheng, Adrian Cheng's younger brother, $CTF SERVICES(00659.HK) Co-CEO Brian Cheng said at a press conference that the topic was sensitive and everything would be clear in 24 hours.==I wrote an analysis before, and it turned out to be prophetic. @Lu Lu @KarsonKK

CTF SERVICES

$NEW WORLD DEV(00017.HK) New World Development's stock dropped over 10% today. How could such a big event go unnoticed? Summary of what happened:1. New World Development issued a profit warning: Expected to shift from profit to loss in FY2024, with a net loss of up to HKD 20 billion2. New World Development's debt ratio reached 87%3. New World Development plans to sell Tsim Sha Tsui's K11 ART MALL for survival, rumored price at HKD 9 billion4. Chow Tai Fook Enterprises (the board of the Cheng family) established a CEO office, but New World Development's helmsman Adrian Cheng (eldest son) was not included5. Adrian Cheng remains obsessed with art Personal interpretation:The bearded artist (Adrian Cheng) was &#34;deposed as heir.&#34; It's still too early to say if &#34;wealth never survives three generations&#34; will come true again.

Sonoco Products

CI-NWD @EC2703A(27520.HK)

CI-NWD @EC2703A Stock Performance Chart

New World pulls back on Causeway Bay acquisition amid uneven recovery

The Copper Ring Bay redevelopment project was unsold. New World: We will seek reasonable returns based on costs and benefits

In "Hong Kong Property," the Centaline CSI (Residential Price) increased by 1.91 points weekly, with the index rising above 70 points

New World Development: K11 MUSEA will update over 30% of its retail space, with over 60 brands making their debut. Shenzhen's K11 Art Mall will launch 300 units this season

The Hong Kong stock ADR is expected to open 573 points higher this morning, reporting at 25,362 points