Bocom Intl released a research report, maintaining a "buy" rating for Shanghai New World Dev (00017), expecting the stock to be revalued in the next 12 months with an unchanged target price of HK$11.44. Huang Shaomei has been appointed as the new CEO, previously serving as the CEO of New World China. The new management will establish separate operation committees for Hong Kong and mainland businesses, believing it will enhance the overall operational efficiency of the company.

The report stated that on November 29th, Shanghai New World Dev announced the completion of selling all shares of NEW WORLD SPORTS DEVELOPMENT LIMITED for HK$0.4167 billion. The bank believes that this sale will help Shanghai New World Dev recover its investment costs and further reduce financial burdens. In addition, the bank expects that after the launch of "Guangzhou Kaisun New World," the mainland contract sales will reach approximately 7 billion RMB by the end of 2024.