DBS kept Hold rating on New World stock at HKD 7.03

Published on 10/14/2026 at 03:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

New World earned HKD 2.2 billion in recurring profit in fiscal 2026. New World stock last traded at HKD 5.19 on October 13, 2026, versus its HKD 12.45 52-week high.

Profit recovery and analyst caution

DBS maintained its Hold rating with a HKD 7.03 target on October 4, 2026.
Recurring operating profit reached HKD 2.2 billion in fiscal 2026 after three years of losses.
New World plans to end its 11 SKIES rental agreement on April 1, 2027, under terms involving HKD 2.3 billion in cash.

New World, HK0017000149, Illustration mit AI erstellt.

New World Development (ISIN HK0017000149) had a Hold rating from DBS with a HKD 7.03 price target on October 4, 2026, according to Markets Insider. The view leaves the analyst consensus at Hold with an average target of HKD 6.98.

Results show an operating recovery

New World Development reported HKD 2.2 billion of recurring operating profit after interest and tax for fiscal 2026, its first profitable year in three years. Core operating profit rose 28 percent, while contracted sales reached HKD 29.6 billion against a HKD 27.0 billion target.

The improvement did not remove the balance-sheet pressure. The company reported fiscal 2026 revenue of HKD 19.992 billion and core operating profit of HKD 7.702 billion, while its net gearing ratio reached 68.3 percent after charges linked to 11 SKIES.

What does the recovery mean?

The operating figures point to a split result: sales exceeded the target by HKD 2.6 billion, but the reported bottom line remained burdened by 11 SKIES provisions. Yahoo Finance reported that total debt fell by HKD 2.7 billion from June 2025 to June 2026, while net debt rose by HKD 6.2 billion because of cash-collection timing and joint-venture accounting.

Three dated milestones

On September 30, 2026, the company presented fiscal 2026 results with HKD 29.6 billion of contracted sales, according to Investing.com. On October 2, 2026, UOB Kay Hian retained a Hold view and set a HKD 6.44 target, down from HKD 9.60.

On October 4, 2026, DBS maintained its Hold rating and set a HKD 7.03 target. Together, the two targets show that analyst caution remains part of the recovery story.

Dates investors can track

New World agreed to return 11 SKIES operating rights to the Hong Kong Airport Authority, with the arrangement taking effect on April 1, 2027. Morningstar reported that the agreement followed HKD 25.6 billion of fiscal 2026 net loss and 11 SKIES write-offs.

Hong Kong quote stays near yearly low

New World Development was last at HKD 5.19 on the Hong Kong Stock Exchange on October 13, 2026 at 4:08 p.m. HKT, versus a 52-week range of HKD 5.12 to HKD 12.45. Its market capitalization was HKD 13.1 billion at that quote.

The balance between recurring profit, contracted sales and leverage remains the central valuation question for New World stock.