New World Development (SEHK:17) has quietly become one of Hong Kong’s more closely watched recovery stories, with shares up strongly this year even as longer term returns remain deeply negative for patient holders. See our latest analysis for New World Development. That recent optimism has come from a sharp improvement in sentiment, with a strong year to date share price return suggesting investors are reassessing both default risk and asset values. However, the five year total shareholder…
New World Development (SEHK:17): Reassessing Valuation After This Year’s Share Price Rebound
