Date of Report
October 3, 2024
Broker Name
CGS International Securities
Company Overview
New World Development Co Ltd is a prominent property development and investment company. It is heavily involved in a range of real estate activities, with a strong presence in the Hong Kong market. The company’s portfolio includes various residential, commercial, and infrastructure projects, positioning it as a key player in the real estate sector.
Technical Buy Recommendation
New World Development Co Ltd has been flagged as a technical buy, presenting several attractive entry points for investors. The stock’s price movement is supported by favorable technical indicators, suggesting the potential for significant upside.
Entry and Stop Loss Levels
- Entry Price(s):
- Stop Loss: S$5.70
Target Prices
- Target 1: S$13.45
- Target 2: S$16.50
- Target 3: S$20.40
- Target 4: S$24.50
Conclusion
New World Development Co Ltd is positioned for strong future growth, backed by robust technical buy signals. With a range of target prices and favorable entry points, the company offers a promising opportunity for investors looking to tap into the real estate sector’s potential in Hong Kong. The clear stop-loss guidance further reinforces the stock as a solid investment choice for those seeking a balance of risk and reward.
