Reported about 14 hours ago
Shares of New World Development rose by 11.2% after the Hong Kong developer announced plans to boost cash flow and reduce debt, following a significant interim net loss. Despite the share rally, analysts remain cautious, urging a more defined strategy for debt reduction, especially given the company's high debt ratios. New World aims to accelerate property sales and launch new projects in mainland China, while facing scrutiny over its financial stability amid past losses and market concerns.
Source: YAHOO