Blackstone Allegedly Negotiating to Become NWD's Largest Shareholder
Blackstone's Negotiations: Blackstone Inc. is in advanced talks to become the largest single shareholder of New World Development, indicating a potential change of control.
Restructuring Plans: The proposed agreement would allow Blackstone to restructure New World while the company seeks to sell assets to improve liquidity.
Cheng Family's Stake: The Cheng family currently holds about 45% of New World, and it remains uncertain how much stake Blackstone will acquire or the compensation for the Cheng family.
Impact on Hong Kong Developer: If the Cheng family relinquishes control, it would signify a critical shift for the debt-laden developer, highlighting its struggles to secure funding and sustain operations.
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Forbes Reveals 2026 List of Hong Kong's 50 Wealthiest Individuals; Li Ka-shing Maintains First Place with HKD351.7 Billion
Li Ka-shing's Wealth: Li Ka-shing remains Hong Kong's richest person with an estimated wealth of HKD351.78 billion, according to Forbes' 2026 list of the 50 richest individuals in Hong Kong.
Top Rankings: The second position is held by Lee Ka Kit and his family with a net worth of HKD272.22 billion, followed by the Cheng Kar-Shun family in third place with HKD203.58 billion.
Notable Figures: Kwong Siu Hing of SHK PPT ranks fifth with HKD136.5 billion, while other notable figures in the top ten include Peter Woo, Joseph Lau, Joe Tsai, the Lui Yiu Tung family, and Jean Salata.
Market Context: The article also mentions short selling data and stock performance related to these wealthy individuals and their companies, indicating market activity as of February 11, 2026.
Forbes HK Reveals 2026's 50 Wealthiest Individuals; Li Ka-shing Maintains Leading Position with HKD351.7 Billion
Li Ka-shing's Wealth: Li Ka-shing remains Hong Kong's richest person in 2026 with an estimated wealth of HKD351.78 billion, continuing his streak at the top of the Forbes list.
Top Rankings: The second position is held by Lee Ka Kit and family with HKD272.22 billion, followed by the Cheng Kar-Shun family at third with HKD203.58 billion.
Notable Figures: Kwong Siu Hing of SHK PPT moved up to fifth place with HKD136.5 billion, while Peter Woo and Joseph Lau occupy the sixth and seventh spots, respectively.
Additional Rankings: The eighth to tenth positions are held by Joseph Tsai, Lui Yiu Tung family, and Jean Salata, with net worths ranging from approximately HKD74.1 billion to HKD116.2 billion.
<BofAS Analysis> Ratings and Target Prices for Hong Kong Property Developers and Landlords (Table)
Property Developers Performance: Various property developers showed mixed performance with SHK PPT and Henderson Land rated as neutral, while CK Asset and Sino Land received buy ratings. New World Development was rated underperform.
Landlords Overview: Hysan Development and Swire Properties experienced declines, but all listed landlords, including Wharf REIC and Hang Lung Properties, received buy ratings, indicating positive market sentiment.
REITs Market Status: LINK REIT saw a significant increase in share price and was rated a buy, reflecting optimism in the REIT sector.
Conglomerates Insights: MTR Corporation and CKH Holdings were rated underperform and buy respectively, with short selling activity indicating varying investor confidence in these conglomerates.
M Stanley Predicts 10% Increase in Home Prices and 5% Rise in Rents This Year, Recommends SHKP, CKA, and Henderson
Market Outlook: Morgan Stanley forecasts a 10% increase in Hong Kong home prices and a 5% rise in rents for the year, while expecting increased stock price volatility ahead of earnings releases.
Preferred Stocks: The broker favors SHK PPT, CK ASSET, and HENDERSON LAND, all rated Overweight, while avoiding WHARF HOLDINGS and NEW WORLD DEV, which are rated Underweight.
Mainland Influence: Joseph Tsang from JLL highlighted that strong purchasing power from mainland buyers is expected to drive a 5% increase in home prices this year, following a market bottom last year.
Market Dynamics: Interest rate cuts and favorable capital market conditions may boost the property market, although geopolitical risks and macro uncertainties could exert downward pressure.
HSI Drops 304 Points at Midday; AIA Plummets Nearly 5% Amid Weak Financials
Market Performance: The HSI fell 304 points (1.1%) to 26,580, with the HSCEI and HSTECH also experiencing declines, while total market turnover reached HKD139.462 billion.
Financial Stocks Decline: Major financial stocks like HSBC, AIA, and Standard Chartered saw significant drops, with short selling ratios indicating increased market pressure.
Tech Stocks Movement: Tech stocks such as Meituan, Tencent, and Alibaba faced losses, while some companies like Bilibili and Kuaishou also reported declines in their stock prices.
Carmakers Rally: In contrast to the overall market, car manufacturers like Geely, BYD, and NIO experienced gains, with notable increases in their stock prices amidst the downturn.
M Stanley Predicts Ongoing Net Loss for NWD in First Half of FY26
Financial Results Announcement: NEW WORLD DEV is expected to announce its 1HFY26 results by the end of February, with a projected net loss despite improved residential sales and reduced expenses.
Market Ratings and Target Price: Morgan Stanley has assigned an Underweight rating to NEW WORLD DEV with a target price of HKD6.5, while Citi has raised its target price to HKD9.6 but maintains a Sell recommendation.
Forbes Reveals 2026 List of Hong Kong's 50 Wealthiest Individuals; Li Ka-shing Maintains First Place with HKD351.7 Billion
Li Ka-shing's Wealth: Li Ka-shing remains Hong Kong's richest person with an estimated wealth of HKD351.78 billion, according to Forbes' 2026 list of the 50 richest individuals in Hong Kong.
Top Rankings: The second position is held by Lee Ka Kit and his family with a net worth of HKD272.22 billion, followed by the Cheng Kar-Shun family in third place with HKD203.58 billion.
Notable Figures: Kwong Siu Hing of SHK PPT ranks fifth with HKD136.5 billion, while other notable figures in the top ten include Peter Woo, Joseph Lau, Joe Tsai, the Lui Yiu Tung family, and Jean Salata.
Market Context: The article also mentions short selling data and stock performance related to these wealthy individuals and their companies, indicating market activity as of February 11, 2026.
Forbes HK Reveals 2026's 50 Wealthiest Individuals; Li Ka-shing Maintains Leading Position with HKD351.7 Billion
Li Ka-shing's Wealth: Li Ka-shing remains Hong Kong's richest person in 2026 with an estimated wealth of HKD351.78 billion, continuing his streak at the top of the Forbes list.
Top Rankings: The second position is held by Lee Ka Kit and family with HKD272.22 billion, followed by the Cheng Kar-Shun family at third with HKD203.58 billion.
Notable Figures: Kwong Siu Hing of SHK PPT moved up to fifth place with HKD136.5 billion, while Peter Woo and Joseph Lau occupy the sixth and seventh spots, respectively.
Additional Rankings: The eighth to tenth positions are held by Joseph Tsai, Lui Yiu Tung family, and Jean Salata, with net worths ranging from approximately HKD74.1 billion to HKD116.2 billion.
<BofAS Analysis> Ratings and Target Prices for Hong Kong Property Developers and Landlords (Table)
Property Developers Performance: Various property developers showed mixed performance with SHK PPT and Henderson Land rated as neutral, while CK Asset and Sino Land received buy ratings. New World Development was rated underperform.
Landlords Overview: Hysan Development and Swire Properties experienced declines, but all listed landlords, including Wharf REIC and Hang Lung Properties, received buy ratings, indicating positive market sentiment.
REITs Market Status: LINK REIT saw a significant increase in share price and was rated a buy, reflecting optimism in the REIT sector.
Conglomerates Insights: MTR Corporation and CKH Holdings were rated underperform and buy respectively, with short selling activity indicating varying investor confidence in these conglomerates.
M Stanley Predicts 10% Increase in Home Prices and 5% Rise in Rents This Year, Recommends SHKP, CKA, and Henderson
Market Outlook: Morgan Stanley forecasts a 10% increase in Hong Kong home prices and a 5% rise in rents for the year, while expecting increased stock price volatility ahead of earnings releases.
Preferred Stocks: The broker favors SHK PPT, CK ASSET, and HENDERSON LAND, all rated Overweight, while avoiding WHARF HOLDINGS and NEW WORLD DEV, which are rated Underweight.
Mainland Influence: Joseph Tsang from JLL highlighted that strong purchasing power from mainland buyers is expected to drive a 5% increase in home prices this year, following a market bottom last year.
Market Dynamics: Interest rate cuts and favorable capital market conditions may boost the property market, although geopolitical risks and macro uncertainties could exert downward pressure.
HSI Drops 304 Points at Midday; AIA Plummets Nearly 5% Amid Weak Financials
Market Performance: The HSI fell 304 points (1.1%) to 26,580, with the HSCEI and HSTECH also experiencing declines, while total market turnover reached HKD139.462 billion.
Financial Stocks Decline: Major financial stocks like HSBC, AIA, and Standard Chartered saw significant drops, with short selling ratios indicating increased market pressure.
Tech Stocks Movement: Tech stocks such as Meituan, Tencent, and Alibaba faced losses, while some companies like Bilibili and Kuaishou also reported declines in their stock prices.
Carmakers Rally: In contrast to the overall market, car manufacturers like Geely, BYD, and NIO experienced gains, with notable increases in their stock prices amidst the downturn.
M Stanley Predicts Ongoing Net Loss for NWD in First Half of FY26
Financial Results Announcement: NEW WORLD DEV is expected to announce its 1HFY26 results by the end of February, with a projected net loss despite improved residential sales and reduced expenses.
Market Ratings and Target Price: Morgan Stanley has assigned an Underweight rating to NEW WORLD DEV with a target price of HKD6.5, while Citi has raised its target price to HKD9.6 but maintains a Sell recommendation.
