New World Development ("NWD") (OTCPK:NDVLY) (0017.HK), headquartered in Hong Kong, is a major property developer in Hong Kong and China. In addition to property development and rental investments, the company also has interests in hotels, infrastructure, retail and telecommunications. NWD is therefore a very typical Hong Kong conglomerate, with wide ranging business interests, but with a focus to property development. Similar conglomerates include: Cheung Kong Holdings (OTCPK:CHEUY) (0001.HK), Hopewell Holdings (OTCPK:HOWWY) (0054.HK), Henderson Land Development (OTCPK:HLDCY) (0012.HK) and Sun Hung Kai Properties (OTCPK:SUHJY) (0016.HK).
NWD shares have fallen by more than 19% over the past year, despite seeing net profit rise 40% to HK$14.1 billion ($1.83 billion) for the financial...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|