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<Research>UBS: Any Successful Sale of 11 SKIES Will Serve as Positive Catalyst for NWD
Recommend 7 Positive 19 Negative 10 |
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Rumor has it that NEW WORLD DEV (00017.HK) is seeking to sell the 11 SKIES mall located at Hong Kong International Airport at a loss. UBS wrote in its report that if the sale of the 11 SKIES mall is successful, it will serve as a positive catalyst for NEW WORLD DEV as the project involves contingent liabilities, namely a guaranteed minimum annual rental share of HKD1.8 billion to the Airport Authority starting from 2028. UBS gave NEW WORLD DEV a Sell rating, with a target price of HKD4. AAStocks Financial News |
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