HSBC: New World Development (00016.HK) dividend payout in line with expectations, target price of 102.3 Hong Kong dollars, rating "hold"

According to the app of Wisdom Finance, Morgan Stanley released a research report stating that New World Development (00016.HK) reported a flat earnings per share for the year, with dividends in line with expectations and a dividend payout ratio maintained at 50%, resulting in a dividend yield of 4.1%. The company's management currently does not consider share buybacks or setting up a C-REIT. The bank has set a target price of 102.3 Hong Kong dollars for New World, valuing it comprehensively and equivalent to a 50% discount to net asset value per share, with a "hold" rating.