New World Development(17 HK):High Leverage in HKRE but Likely the First to Rebound if Rate Peaks Out

344 Views14 Mar 2023 22:06
New World Development has the highest gearing among HK real estate companies.  Valuation is attractive.  Despite of some concerns, it also has the biggest potential to rebound once interest rate peaks
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Jacob Cheng
Listed Real Estate Asia
KT Capital Group
Hong Kong & ChinaFinancials & Information TechnologyEquity Bottom-UpThematic (Sector/Industry)