Blackstone Allegedly Negotiating to Become NWD's Largest Shareholder
Blackstone's Negotiations: Blackstone Inc. is in advanced talks to become the largest single shareholder of New World Development, indicating a potential change of control.
Restructuring Plans: The proposed agreement would allow Blackstone to restructure New World while the company seeks to sell assets to improve liquidity.
Cheng Family's Stake: The Cheng family currently holds about 45% of New World, and it remains uncertain how much stake Blackstone will acquire or the compensation for the Cheng family.
Impact on Hong Kong Developer: If the Cheng family relinquishes control, it would signify a critical shift for the debt-laden developer, highlighting its struggles to secure funding and sustain operations.
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HSI Drops 304 Points at Midday; AIA Plummets Nearly 5% Amid Weak Financials
Market Performance: The HSI fell 304 points (1.1%) to 26,580, with the HSCEI and HSTECH also experiencing declines, while total market turnover reached HKD139.462 billion.
Financial Stocks Decline: Major financial stocks like HSBC, AIA, and Standard Chartered saw significant drops, with short selling ratios indicating increased market pressure.
Tech Stocks Movement: Tech stocks such as Meituan, Tencent, and Alibaba faced losses, while some companies like Bilibili and Kuaishou also reported declines in their stock prices.
Carmakers Rally: In contrast to the overall market, car manufacturers like Geely, BYD, and NIO experienced gains, with notable increases in their stock prices amidst the downturn.
M Stanley Predicts Ongoing Net Loss for NWD in First Half of FY26
Financial Results Announcement: NEW WORLD DEV is expected to announce its 1HFY26 results by the end of February, with a projected net loss despite improved residential sales and reduced expenses.
Market Ratings and Target Price: Morgan Stanley has assigned an Underweight rating to NEW WORLD DEV with a target price of HKD6.5, while Citi has raised its target price to HKD9.6 but maintains a Sell recommendation.
NEW WORLD DEVELOPMENT: K11 ELYSEA in Shanghai Achieves Over 50% Pre-leasing Rate; Occupancy Expected to Start in Second Half of 2026
Stock Performance: NEW WORLD DEV (00017.HK) saw a stock increase of 1.297%, with short selling amounting to $35.87M and a ratio of 10.425%.
K11 ELYSEA Project: The K11 ELYSEA mixed-use project in Shanghai is set to begin intake in the second half of 2026, with a pre-leasing rate exceeding 50% as of January 2026.
Sales Growth: The K11 locations in mainland China experienced significant growth in footfall and sales since late December 2025, with average daily footfall up over 10% YoY and overall sales increasing nearly 20% YoY.
Category Performance: Notable sales growth was observed in specific categories, with art toy IP sales soaring nearly 44% YoY and electronics sales more than doubling.
NEW WORLD DEV Drops 12%; CTFE Clarifies Potential Investment is Not a General Offer
Stock Performance: NEW WORLD DEV (00017.HK) opened 2.6% lower and is currently trading at HK$9.99, down 12.21%, with significant short selling activity amounting to $65.12M.
Investment Proposals: The company has received proposals from potential investors for possible investment, but none are aimed at a general offer for shares, and discussions are ongoing with no agreements reached yet.
Market Rumors: There are rumors that NWD may experience a change in control, with Blackstone potentially becoming the largest single shareholder, replacing Chow Tai Fook Enterprises (CTFE).
Analyst Outlook: Citi has indicated a positive outlook for HK developers' earnings per share (EPS) in 2026-2027, recommending several companies including SHK PPT and SINO LAND.
HSI Drops 580 Points as Commodity Stocks Decline; CSPC Pharma and CKH Holdings Weigh Down Index
Hong Kong Stock Market Decline: Hong Kong stocks experienced a significant decline, with the HSI dropping 580 points (2.08%) to close at 27,387, while the HSCEI and HSTECH also fell by 2.5% and 2.1%, respectively, amid a total market turnover of $301.612 billion.
Gold and Resource Stocks Performance: Spot gold prices fell over 5%, impacting several gold mining stocks, which tumbled between 10-14%. Resource stocks like Jiangxi Copper and MMG also saw declines of 9-10%, with Jiangxi Copper's short selling ratio reaching 28.3%.
Pharmaceutical Sector Developments: CSPC Pharma's stock dropped 10.2% despite a partnership with AstraZeneca for innovative medicines, involving an upfront payment exceeding $9.3 billion. Other pharma stocks also faced declines ranging from 3.3% to 4.9%.
Corporate News and Market Rumors: CKH Holdings fell 4.6% following a court ruling on port contracts, while New World Development's share price rose 2.2% amid rumors of a potential change in ownership involving Blackstone.
HSI Drops 498 Points at Noon; Commodity Shares Tumble; CSPC Pharma Falls Over 12%
Market Reaction to Fed Chair Nominee: The DXY rose following President Trump's announcement of the Fed Chair nominee, while the Hong Kong stock market experienced significant declines, with the HSI dropping 498 points or 1.8% by the morning session's close.
Gold and Mining Stocks Performance: Gold prices fell over 3%, leading to substantial losses in mining stocks such as SD GOLD and ZIJIN GOLD, which plunged 12.9% and 10% respectively, alongside other mining companies experiencing similar declines.
Pharmaceutical Sector Developments: CSPC PHARMA's stock plummeted 12.5% despite a partnership with AstraZeneca for drug development, which included an upfront payment exceeding HKD9.3 billion.
Corporate News and Market Rumors: The Panama Supreme Court ruled contracts for two local ports unconstitutional, negatively impacting CKH HOLDINGS, while rumors of a potential ownership change at NEW WORLD DEV led to a 3.7% increase in its stock price.
HSI Drops 304 Points at Midday; AIA Plummets Nearly 5% Amid Weak Financials
Market Performance: The HSI fell 304 points (1.1%) to 26,580, with the HSCEI and HSTECH also experiencing declines, while total market turnover reached HKD139.462 billion.
Financial Stocks Decline: Major financial stocks like HSBC, AIA, and Standard Chartered saw significant drops, with short selling ratios indicating increased market pressure.
Tech Stocks Movement: Tech stocks such as Meituan, Tencent, and Alibaba faced losses, while some companies like Bilibili and Kuaishou also reported declines in their stock prices.
Carmakers Rally: In contrast to the overall market, car manufacturers like Geely, BYD, and NIO experienced gains, with notable increases in their stock prices amidst the downturn.
M Stanley Predicts Ongoing Net Loss for NWD in First Half of FY26
Financial Results Announcement: NEW WORLD DEV is expected to announce its 1HFY26 results by the end of February, with a projected net loss despite improved residential sales and reduced expenses.
Market Ratings and Target Price: Morgan Stanley has assigned an Underweight rating to NEW WORLD DEV with a target price of HKD6.5, while Citi has raised its target price to HKD9.6 but maintains a Sell recommendation.
NEW WORLD DEVELOPMENT: K11 ELYSEA in Shanghai Achieves Over 50% Pre-leasing Rate; Occupancy Expected to Start in Second Half of 2026
Stock Performance: NEW WORLD DEV (00017.HK) saw a stock increase of 1.297%, with short selling amounting to $35.87M and a ratio of 10.425%.
K11 ELYSEA Project: The K11 ELYSEA mixed-use project in Shanghai is set to begin intake in the second half of 2026, with a pre-leasing rate exceeding 50% as of January 2026.
Sales Growth: The K11 locations in mainland China experienced significant growth in footfall and sales since late December 2025, with average daily footfall up over 10% YoY and overall sales increasing nearly 20% YoY.
Category Performance: Notable sales growth was observed in specific categories, with art toy IP sales soaring nearly 44% YoY and electronics sales more than doubling.
NEW WORLD DEV Drops 12%; CTFE Clarifies Potential Investment is Not a General Offer
Stock Performance: NEW WORLD DEV (00017.HK) opened 2.6% lower and is currently trading at HK$9.99, down 12.21%, with significant short selling activity amounting to $65.12M.
Investment Proposals: The company has received proposals from potential investors for possible investment, but none are aimed at a general offer for shares, and discussions are ongoing with no agreements reached yet.
Market Rumors: There are rumors that NWD may experience a change in control, with Blackstone potentially becoming the largest single shareholder, replacing Chow Tai Fook Enterprises (CTFE).
Analyst Outlook: Citi has indicated a positive outlook for HK developers' earnings per share (EPS) in 2026-2027, recommending several companies including SHK PPT and SINO LAND.
HSI Drops 580 Points as Commodity Stocks Decline; CSPC Pharma and CKH Holdings Weigh Down Index
Hong Kong Stock Market Decline: Hong Kong stocks experienced a significant decline, with the HSI dropping 580 points (2.08%) to close at 27,387, while the HSCEI and HSTECH also fell by 2.5% and 2.1%, respectively, amid a total market turnover of $301.612 billion.
Gold and Resource Stocks Performance: Spot gold prices fell over 5%, impacting several gold mining stocks, which tumbled between 10-14%. Resource stocks like Jiangxi Copper and MMG also saw declines of 9-10%, with Jiangxi Copper's short selling ratio reaching 28.3%.
Pharmaceutical Sector Developments: CSPC Pharma's stock dropped 10.2% despite a partnership with AstraZeneca for innovative medicines, involving an upfront payment exceeding $9.3 billion. Other pharma stocks also faced declines ranging from 3.3% to 4.9%.
Corporate News and Market Rumors: CKH Holdings fell 4.6% following a court ruling on port contracts, while New World Development's share price rose 2.2% amid rumors of a potential change in ownership involving Blackstone.
HSI Drops 498 Points at Noon; Commodity Shares Tumble; CSPC Pharma Falls Over 12%
Market Reaction to Fed Chair Nominee: The DXY rose following President Trump's announcement of the Fed Chair nominee, while the Hong Kong stock market experienced significant declines, with the HSI dropping 498 points or 1.8% by the morning session's close.
Gold and Mining Stocks Performance: Gold prices fell over 3%, leading to substantial losses in mining stocks such as SD GOLD and ZIJIN GOLD, which plunged 12.9% and 10% respectively, alongside other mining companies experiencing similar declines.
Pharmaceutical Sector Developments: CSPC PHARMA's stock plummeted 12.5% despite a partnership with AstraZeneca for drug development, which included an upfront payment exceeding HKD9.3 billion.
Corporate News and Market Rumors: The Panama Supreme Court ruled contracts for two local ports unconstitutional, negatively impacting CKH HOLDINGS, while rumors of a potential ownership change at NEW WORLD DEV led to a 3.7% increase in its stock price.
