UK Markets closed

Shanghai New World Co., Ltd (600628.SS)

Shanghai - Shanghai Delayed price. Currency in CNY
Add to watchlist
7.46+0.03 (+0.40%)
At close: 03:00PM CST
Full screen
Previous close7.43
Bid7.46 x 0
Ask7.47 x 0
Day's range7.41 - 7.48
52-week range7.17 - 9.35
Avg. volume1,679,611
Market cap4.826B
Beta (5Y monthly)-0.07
PE ratio (TTM)42.39
EPS (TTM)0.18
Earnings date30 Apr 2021
Forward dividend & yield0.06 (0.71%)
Ex-dividend date20 Aug 2021
1y target est13.30
  • Reuters

    Hong Kong developer to research how to tackle chronic housing shortage

    HONG KONG (Reuters) -Hong Kong property developer New World Development said on Thursday it would launch a research project to tackle a chronic housing shortage and sky-high home prices in one of the world's most expensive property markets. As part of the initiative, New World said a committee would study long-standing housing issues, ranging from unaffordable prices, longed waiting times for public housing and a lack of elderly-friendly homes as the population ages. "Solving Hong Kong's deep-rooted housing issue is fundamental to the city's future growth," Adrian Cheng, chief executive of New World and chairman of the initiative, New World Build for Good, said in a statement.

  • Reuters

    With tighter grip, Beijing sends message to Hong Kong tycoons: fall in line

    As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city's powerful property tycoons: pour resources and influence into backing Beijing's interests, and help solve a potentially destabilising housing shortage. Chinese officials delivered the message in closed meetings this year amid broader efforts to bring the city to heel under a sweeping national security law and make it more "patriotic," according to three major developers and a Hong Kong government adviser familiar with the talks. "The rules of the game have changed," they were told, according to a source close to mainland officials, who declined to be named because of the sensitivity of the matter.