New World Development traded at 9.40 this Monday March 16th, increasing 0.14 or 1.51 percent since the previous trading session. Looking back, over the last four weeks, New World Development gained 12.64 percent. Over the last 12 months, its price rose by 71.53 percent. Looking ahead, we forecast New World Development to be priced at 8.90 by the end of this quarter and at 7.89 in one year, according to Trading Economics global macro models projections and analysts expectations.
New World Development Co Ltd is an investment holding company mainly engaged in the property development. The Company operates its business through eight segments. The Property Development segment engages in the construction of the residential units, including MOUNT PAVILIA, The Masterpiece, FLEUR PAVILIA and the Double Cove series, among others. The Construction segment constructs commercial and residential projects, and government and institutional related projects. The Insurance segment sells life insurance and medical insurance products. The Property Investment segment engages in the property investment, its property investment portfolio includes commercial buildings and offices. The Roads segment operates toll roads and expressways. The Hotel Operations segment operates hotel business in China and Southeast Asia. The Aviation segment engages in commercial aircraft leasing business. The Other segment is engaged in facility management and free duty business.