Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Hong Kong Property Pain Worsens for New World and Its Scion CEO [Yahoo! Finance Canada]

HENDERSON LD DEV S/ADR (HLDCY) 
NASDAQ:AMEX Investor Relations: hld.com/en/investor/presentations.shtml
Most Read from Bloomberg The company said late on Friday it expects to post a loss of as much as HK$20 billion ($2.6 billion) for the financial year ended in June — its first annual loss in two decades. New World has been grappling with higher debt levels than its peers and a plunging share price — adding pressure on 44-year-old Chief Executive Officer Adrian Cheng, the third generation to run the business, to turn things around. The developer cited asset impairment, losses on investments and higher interest rates for the decline. A revaluation of the group's investment and development properties including a goodwill assessment will lead to a non-cash loss of HK$8.5 billion to HK$9.5 billion, the company said. Meanwhile, core operating profit is expected to drop as much as 23%. The sizable asset writedowns “could raise its leverage ratio and hurt the developer's deleveraging plan,” said Patrick Wong, a real estate analyst at Bloomberg Intelligence. “This could also raise inve Show less Read more
Impact Snapshot
Event Time:
HLDCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for HLDCY alerts
Opt-in for
HLDCY alerts

from News Quantified
Opt-in for
HLDCY alerts

from News Quantified