New World Development Co Ltd - Company Profile
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New World Development Co Ltd (NWD) is a holding company. Focus on quality, improvement in operating performance, broad range of business operations, and asset portfolio are the company’s major strengths, even as low liquidity remains a cause for concern. Positive outlook for the Hong Kong construction industry, positive outlook for travel & tourism (T&T) industry in Hong Kong, growth initiatives, and projects in progress could provide growth opportunities to the company. However, cost overruns, government contract compliance, and inability to collect rent from tenants could affect the company’s performance.
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