New World Development Co Ltd (NWD) is a diversified real estate company. It carries out the development of property, infrastructure department stores and hotels. The company’s property development business executes projects from land acquisition to property management. Its property investment portfolio includes shopping malls and serviced apartments. NWD’s infrastructure businesses include roads, energy, water, environment, logistics, ports and aviation. Its service portfolio comprises facilities management, construction, transport, insurance, aviation, department store and strategic investments. NWD also manages and operates Hong Kong Convention and Exhibition Centre. The company has operations in Hong Kong, China, and South East Asia. NWD is headquartered in Hong Kong.
Headquarters
Hong Kong
Address
30f, New World Tower, 18 Queen's Road Ce, Hong Kong
Website
www.nwd.com.hk
Telephone
852 25231056
No of Employees
28,000
Industry
Construction
Ticker Symbol & Exchange
17 (HKG)
Revenue (2022)
$8.8B
15.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
5.6%
(2022 vs 2021)
Market Cap*
$6.4B
Net Profit Margin (2022)
XYZ
5.8%
(2022 vs 2021)
* As of and is in US$
New World Development Co Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Property Development: |
| Residential properties |
| Commercial complexes |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In April, the company signed a memorandum of understanding with the SCP Group for jointly expanding into Mainland market with one-stop propTech solutions. |
| 2022 | Regulatory Approval | In October, the company secured Science Based Targets initiative's approval of its near-term 1.5°C aligned science-based targets and commit to the SBTi Net-Zero Standard. |
| 2022 | Asset Disposal | In September, the company sold 0.03% stake to BlackRock Inc, a US-based investment management company for HKD15.4 million. |
Competitor Comparison
| Key Parameters | New World Development Co Ltd | Jardine Matheson Holdings Ltd | Henderson Land Development Co Ltd | Hang Lung Group Ltd | New Century Real Estate Investment Trust |
|---|---|---|---|---|---|
| Headquarters | Hong Kong | Hong Kong | Hong Kong | Hong Kong | Hong Kong |
| City | Hong Kong | Hong Kong | Hong Kong | Hong Kong | Tortola |
| No. of Employees | 28,000 | 425,000 | 9,950 | 4,199 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Cheng Kar Shun, Henry | Chairman | Executive Board | 2012 | 75 |
| Cheng Chi Kong, Adrian | Vice Chairman; Chief Executive Officer | Executive Board | 2020 | 42 |
| Cheng Chi-Man, Sonia | Director | Executive Board | 2012 | 41 |
| Lo Pui-Ying | Owners Representative-Hotel Division | Senior Management | - | 72 |
| Chang Yan-Tung, Louis | Deputy Owner's Representative-Hotel Division | Senior Management | 2019 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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