晨星上调新世界发展公允价值预估至5.8港元
Core Viewpoint - International rating agency Morningstar has raised the fair value estimate of Hong Kong property developer New World Development from HKD 5.5 to HKD 5.8, an increase of approximately 5.5% [1] Group 1: Asset and Cash Flow Assessment - The adjustment reflects a reassessment of the company's asset portfolio and cash flow expectations [1] - Recent asset disposal progress has exceeded expectations, contributing positively to the valuation [1] - The core leasing business has shown stable performance, supporting the valuation increase [1] Group 2: Market Variables - The agency highlights that the trends in Hong Kong interest rates and changes in property market policies remain key variables for future developments [1]