Tuesday, April 1st, 2025

New World Development Co Ltd: A Strategic Buy with Strong Growth Potential

Date of Report: October 3, 2024
Broker: CGS International


Company Overview

New World Development Co Ltd (Stock Code: 17) is a prominent Hong Kong-based conglomerate engaged in property development, infrastructure, and service businesses. The company has a significant presence in Hong Kong and Mainland China, with a strong portfolio in real estate, infrastructure, and public services.

Stock Performance and Technical Analysis

New World Development Co Ltd is identified as a “Technical Buy,” showcasing multiple entry points for investors looking to capitalize on its growth potential.

Key Technical Indicators:

  1. Entry Prices:
    • US$10.60
    • US$8.60
    • US$7.40
  2. Stop Loss: US$5.70
    The stop loss represents a safeguard for investors in case of downward price movement.
  3. Target Prices:
    • Target 1: US$13.45
    • Target 2: US$16.50
    • Target 3: US$20.40
    • Target 4: US$24.50

The various target prices offer potential for multiple profit-taking opportunities, depending on the holding strategy and market conditions.

Growth Prospects

New World Development Co Ltd is well-positioned in its markets, particularly in Hong Kong and Mainland China, where it continues to expand its property and infrastructure portfolio. The stock’s technical setup points to a strong potential for growth, making it an attractive buy for investors looking for medium to long-term gains.

Investment Recommendation

With multiple entry points and substantial upward targets, the recommendation for New World Development Co Ltd is a “Technical Buy.” The stock’s technical indicators and overall market position indicate significant upside potential for investors.

Contact for Further Analysis

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