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New World Development Co Ltd NWWDF

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Morningstar’s Analysis

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Company Profile

Business Description

New World Development is the listed property arm of privately owned Chow Tai Fook. NWD’s real estate business spans residential developments in Hong Kong and mainland China, balanced with investment properties in retail malls, offices, and hotels. CTF is owned by the Cheng family and the entity has a 44.4% stake in NWD. CTF also jointly owns investments with its listed entities. NWD has a 61% stake in listed NWS, which holds the group’s infrastructure and services assets in Hong Kong and China. Core assets within NWS include toll roads, aircraft leasing company Goshawk, a construction company, and insurer FT Life. A 75% stake in listed New World China Department Stores, operator of 29 department stores across mainland China, is also a minor contributor to the NWD group.

16-18 Queen's Road, Central, 30th Floor, New World Tower
Hong Kong, Hong Kong
T +852 25231056
Sector Real Estate
Industry Real Estate - Diversified
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 18,522