New World Development Co (HK17) is a renowned property developer in Hong Kong, with a current market cap of 49.12 billion HKD as of 26th June 2023. Founded in 1970 by Dr. Cheng Yu-tung, the company has established itself as a leader in the real estate sector, focusing on residential, commercial, and infrastructure projects.
Over the years, it has expanded its portfolio to include hotels, shopping malls, and various large-scale projects, solidifying its position in the industry. The company went public in 1972, listing its shares on the Hong Kong Stock Exchange under the ticker symbol HK17.
With a commitment to innovation and sustainability, the company continues to create landmark developments that shape urban landscapes and enhance the quality of life for residents and communities.
Within the past five years, New World Development Co reached its highest stock price of 55.52 HKD in April 2019, while its lowest point was at 15.36 HKD in November 2022. These price movements highlight the importance of understanding the stock's history when making investment decisions.
To gain insights into New World Development's share price history, traders can utilize various tools and indicators. Technical analysis techniques, such as The Awesome Oscillator, Bollinger Bands and Inverted Hammer may help identify trends, support and resistance levels, and potential entry or exit points. Additionally, fundamental analysis, including economic indicators and company-specific information, can provide insights into the overall health of the real estate sector and New World Development's performance.
By combining these analytical methods with a thorough understanding of HK17's share price history, investors may better navigate the market and make more informed decisions about their investments in this leading Hong Kong property developer.
When considering trading New World Development Co stock, it's essential to evaluate the company's competitors within the real estate and property development industry. They include:
- Sun Hung Kai Properties Ltd (HK16): As one of Hong Kong's largest property developers, SHKP has a strong presence in the market with numerous high-profile projects.
- CK Asset Holdings (HK1113): Another leading property developer in Hong Kong, CK Asset Holdings is known for its innovative developments and diversified investment portfolio.
- Henderson Land Development (HK12): This prominent competitor focuses on property development, management, and investment in Hong Kong and mainland China.
By examining these competitors' financial performance, market share, and growth strategies, you may better understand the competitive landscape surrounding New World Development Co stock. This analysis will aid in determining the potential risks and rewards associated with investing in this particular stock.
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