HS-NWD @EC2611A

New World Development's K11 MUSEA Reports 125% Increase in Holiday Spending

New World Development and MTR Co-sell Units in Po Lok Estate III

Strong Sales of New Hong Kong Apartments, Pavilia Farm III Sales Exceed 4.8 Billion HKD

New World Development's Grade-A Commercial Properties Show Ideal Rental Performance with Over 90% Occupancy Rate

The Pavilia Farm III Exceeds Subscription Expectations by Over 183 Times

Success of New World Development and MTR's Baohaozhuang III Sales

Sun Hung Kai Properties and China Resources Land Apply for Height Increase for Yuen Long Housing Project

New World Development's Po Leung Kuk Estate Phase III Second Round Sales Exceed Subscription by Over 103 Times

New World and MTR's Park Yoho III Second Round Launch Receives Over 99x Subscription

HAiT 管理局 Seeks to Enhance 11 SKIES Project with More Dining and Entertainment

New World Development and MTR's Po Luen Estate III sells out 88 units on first launch day

New World Development's Po Lam Estate III Registers 50x Over-subscription

New World Development and MTR Sell 20 Units of Bay 傲庄 III for Over HK$500 Million

New World Development and MTR Launch Sales for Pat Hei Oceane III

New World Developments Releases K11 Art Mall's 2025 Fiscal Year Operating Data

New World Development and MTR Launch 3-4 Bedroom Bids for Bay 傲庄 III

New World Development and Others Sell a Two-bedroom Unit in Kai Yuen

Airport Authority Responds to Legislative Council Inquiry on 11 SKIES Mall Re-Positioning

New World launches new batch of units at Po Lam Estate III with effective price of HKD 21,000 per square foot

New World resumes sales of completed units at Potom Park III

UBOT HOLDING

GOLDENPOWER

DEEPEXI TECH

COSMOS MACH

ASIA PIONEER

POLYFAIR HLDGS

ENTERPRISE DEV

INVESTECH HLDGS

HAO WEN HLDGS

RICH GOLDMAN

00825

00017

G Sachs reports a positive retail trend in Hong Kong, with inbound visitor arrivals during Golden Week up 10% YoY to 1.19 million, exceeding government forecasts. Outbound trips fell 11% YoY due to last year's high base effect. The property market recovery and reduced local consumption outflow are expected to boost consumer sentiment. Retail sales, particularly in the high-end segment, are projected to achieve sustainable double-digit growth. Tourist spending at K11 MUSEA rose 25% YoY, and restaurant revenues in tourist areas increased by 15% to 20% YoY, with hotel occupancy around 90%.

AASTOCKS News

NWDS CHINA

NEW WORLD DEV

Goldman Sachs

GS Hldg R

G Sachs: HK Retail Trend Positive, Golden Week Visitor Arrivals Up 10% YoY

NEW WORLD DEVclarified media reports regarding potential sales of Hong Kong hotel assets. While the company has received approaches from potential buyers, no discloseable agreements have been made. Reports suggest negotiations are ongoing to sell a 50% stake in three Hong Kong hotel assets valued at approximately USD2 billion, with Aravest, a Singapore-based real estate asset manager, as the potential buyer.

Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial

NEW WORLD DEV : Company Assets Receive Approaches from Potential Buyers from Time to Time

NEW WORLD DEVis reportedly in talks to sell a 50% stake in a portfolio of three Hong Kong hotels valued at approximately USD2 billion. The potential buyer is Aravest, a Singapore-based real estate management company. The portfolio includes Grand Hyatt Hong Kong, Renaissance Harbour View Hotel, and Hyatt Regency Hong Kong. NEW WORLD DEV is expected to receive around USD300 million in cash proceeds after debt deductions. Negotiations are ongoing.

NEW WORLD DEV  Reportedly Considers Selling Stake in USD2B Hong Kong Hotel Asset Portfolio

00012

Hong Kong homebuyers are actively purchasing new flats, with all 120 units at One Victoria Cove I sold out quickly. Developers are increasing construction due to strong demand, with recent sales reducing unsold inventory to below 20,000 units. New World Development reported over HK$4.8 billion in sales from Pavilia Farm III. The number of private housing units under construction has risen, and the potential supply of new flats is expected to fall below 100,000 units in the next few years. The market recovery has eased pressure on prices, positively impacting overall price increases.

SCMP

HENDERSON LAND

HYSAN DEV

CI FIN TECH GP

MTR CORPORATION

SINO LAND

KERRY PPT

K. WAH INT'L

CHI MER LAND

Jones Lang Lasalle

CHINA MERCHANTS

Hong Kong homebuyers flock to new launches as flats sell out swiftly

NEW WORLD DEVreported a 99% occupancy rate at K11 ATELIER Victoria Dockside in Tsim Sha Tsui, with tenants primarily from high-end wealth management and banking sectors. Additionally, its Grade A office building at 83 Wing Hong Street in Lai Chi Kok recorded 10 transactions recently, totaling over $100 million. The building offers approximately 440,000 square feet of office space.

NEW WORLD DEV: K11 ATELIER Victoria Dockside in Tsim Sha Tsui Records Occupancy Rate of 99%; Grade A Office Building in Lai Chi Kok Records 10 Transactions Recently, Involving $100M+

The Hong Kong Airport Authority plans to raise at least HKD15 billion through bond issuance for debt refinancing and capital expenditure. The bonds will have tenors of three, five, and ten years, with pricing expected soon. Investors showed interest in the 11 SKIES project, with a phased opening anticipated in 2028, coinciding with the completion of other airport expansion projects.

AIR AUTH B2608

Airport Authority to Raise Funds via Bond Issuance, Reiterates 2028 as Suitable Timing for Phased Opening of 11 SKIES

$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 HOLDINGS

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.

CHOW TAI FOOK

Sonoco Products

HS-NWD @EC2611A(28888.HK)

G Sachs: HK Retail Trend Positive, Golden Week Visitor Arrivals Up 10% YoY

NEW WORLD DEV : Company Assets Receive Approaches from Potential Buyers from Time to Time

NEW WORLD DEV Reportedly Considers Selling Stake in USD2B Hong Kong Hotel Asset Portfolio

Hong Kong homebuyers flock to new launches as flats sell out swiftly

NEW WORLD DEV: K11 ATELIER Victoria Dockside in Tsim Sha Tsui Records Occupancy Rate of 99%; Grade A Office Building in Lai Chi Kok Records 10 Transactions Recently, Involving $100M+