Core Viewpoint - The report from CMB International indicates that New World Development (00017) is expected to see a revenue of HKD 27.68 billion and a gross profit of HKD 11.63 billion for the fiscal year 2025, with a core operating profit from continuing operations estimated at HKD 6.02 billion, leading to an upward adjustment of the target price to HKD 9.7 and maintaining a "Buy" rating [1][1][1] Financial Performance - For the fiscal year ending 2024, the company's total debt is projected to decrease from approximately HKD 151.6 billion to about HKD 146 billion, with net debt reducing by around HKD 4.5 billion to approximately HKD 120.1 billion [1][1] - Short-term debt is expected to significantly decrease to about HKD 6.6 billion [1] Debt Management Strategy - The company successfully completed a loan refinancing of HKD 88.2 billion in June 2025, enhancing its financial flexibility [1] - Looking ahead to 2026, the company has proposed "seven debt reduction measures," which include accelerating sales, unlocking agricultural land value, expediting the sale of non-core assets, reducing capital expenditures, and suspending dividends to improve cash flow and reduce debt [1][1][1]