New World Development Faces 2026 Loss on Persisting Debt Challenges -- Market Talk

Dow Jones

2025/10/02

2356 GMT - New World Development's loss is may narrow in FY 2026, UOB Kay Hian analysts Jieqi Liu and Damon Shen say. They raise NWD's FY 2026 sales target to HK$27 billion, supported by abundant saleable units in Hong Kong and two new mainland projects. Policy support should help China sales, while pragmatic pricing will drive Hong Kong performance. Still, impairments may hinder profitability, and the real estate focused business will take time to manage debt and resume dividends. Fed rate cuts could reduce finance expenses by HK$0.8 billion for every 100bp cut, but NWD is challenged given HK$7.4 billion in finance costs with only HK$1.5 billion in recurring EBIT. UOB KH maintains a sell rating and HK$6.90 target on NWD, which closed at HK$7.82.(jason.chau@wsj.com)

(END) Dow Jones Newswires

October 01, 2025 19:56 ET (23:56 GMT)

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They raise NWD's FY 2026 sales target to HK$27 billion, supported by abundant saleable units in Hong Kong and two new mainland projects. Policy support should help China sales, while pragmatic pricing will drive Hong Kong performance. Still, impairments may hinder profitability, and the real estate focused business will take time to manage debt and resume dividends. Fed rate cuts could reduce finance expenses by HK$0.8 billion for every 100bp cut, but NWD is challenged given HK$7.4 billion in finance costs with only HK$1.5 billion in recurring EBIT. UOB KH maintains a sell rating and HK$6.90 target on NWD, which closed at HK$7.82.(jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 01, 2025 19:56 ET (23:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New World Development Faces 2026 Loss on Persisting Debt Challenges -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew World Development Faces 2026 Loss on Persisting Debt Challenges -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-02 07:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2356 GMT - <a href=\"https://laohu8.com/S/NWC.AU\">New World</a> Development's loss is may narrow in FY 2026, UOB Kay Hian analysts Jieqi Liu and Damon Shen say. They raise NWD's FY 2026 sales target to HK$27 billion, supported by abundant saleable units in Hong Kong and two new mainland projects. Policy support should help China sales, while pragmatic pricing will drive Hong Kong performance. Still, impairments may hinder profitability, and the real estate focused business will take time to manage debt and resume dividends. Fed rate cuts could reduce finance expenses by HK$0.8 billion for every 100bp cut, but NWD is challenged given HK$7.4 billion in finance costs with only HK$1.5 billion in recurring EBIT. UOB KH maintains a sell rating and HK$6.90 target on NWD, which closed at HK$7.82.(jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 01, 2025 19:56 ET (23:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2238330802.EUR","symbol_name":"AZ EQUITY - ASEAN COUNTRIES \"AAZ\" (EUR) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2572156960","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2572156960","pubTimestamp":1759362960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2356 GMT - New World Development's loss is may narrow in FY 2026, UOB Kay Hian analysts Jieqi Liu and Damon Shen say. They raise NWD's FY 2026 sales target to HK$27 billion, supported by abundant saleable units in Hong Kong and two new mainland projects. Policy support should help China sales, while pragmatic pricing will drive Hong Kong performance. Still, impairments may hinder profitability, and the real estate focused business will take time to manage debt and resume dividends. Fed rate cuts could reduce finance expenses by HK$0.8 billion for every 100bp cut, but NWD is challenged given HK$7.4 billion in finance costs with only HK$1.5 billion in recurring EBIT. 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They raise NWD's FY 2026 sales target to HK$27 billion, supported by abundant saleable units in Hong Kong and two new mainland projects. Policy support should help China sales, while pragmatic pricing will drive Hong Kong performance. Still, impairments may hinder profitability, and the real estate focused business will take time to manage debt and resume dividends. Fed rate cuts could reduce finance expenses by HK$0.8 billion for every 100bp cut, but NWD is challenged given HK$7.4 billion in finance costs with only HK$1.5 billion in recurring EBIT. UOB KH maintains a sell rating and HK$6.90 target on NWD, which closed at HK$7.82.(jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 01, 2025 19:56 ET (23:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}