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<Research>DBS Keeps Hold on NWD w/ TP HKD7.02
Recommend
10
Positive
13
Negative
7
Weighed down by immense impairment provisions and one-off expenses, NEW WORLD DEV (00017.HK) logged a net loss of HKD16.3 billion for FY25 ended June 2025, according to a report from DBS Group Research.

NEW WORLD DEV's successful refinancing of HKD88.2 billion in loans has substantially removed its debt burden over the short term. The group is currently discussing contract arrangements for 11 Skies with the Airport Authority Hong Kong.

Related NewsM Stanley Forecasts Continued Debt Reduction for NEW WORLD DEV (00017.HK), Lifts TP to $5.5, Keeps Rating at Underweight
Believing that NEW WORLD DEV's stock performance would hinge on the dynamics of deleveraging news, DBS Group Research kept its Hold rating and target price of HKD7.02 unchanged.
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