logo
New World Shares Jump Following Record $11.2 Billion Loan Deal

New World Shares Jump Following Record $11.2 Billion Loan Deal

Bloomberga day ago
New World Development Co. shares surged to the highest level this year after the company closed a record $11.2 billion loan refinancing package, helping ease investor anxiety.
The Hong Kong builder's stock jumped as much as 11%, leading its peers in a gauge of developers in the financial hub. Trading volumes climbed to four times the three-month average around midday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Xiaomi won't sell its EVs outside China before 2027: CEO
Xiaomi won't sell its EVs outside China before 2027: CEO

Yahoo

time27 minutes ago

  • Yahoo

Xiaomi won't sell its EVs outside China before 2027: CEO

STORY: Xiaomi won't consider selling its EVs outside China before 2027. That was according to Chief Executive Lei Jun in a livestream Wednesday (July 2). He says the company has to focus on domestic orders for its two models. Until recently better known as a smartphone maker, the Chinese firm has launched its first two electric cars over little more than a year. And it's struggling to keep up with demand. The YU7 SUV launched last week saw about 240,000 orders in its first 18 hours on sale. Now Xiaomi is telling buyers they will have to wait over a year to get their car. Meanwhile, the firm's SU7 sedan has outsold the competing Tesla Model 3 every month since December, raising pressure on Elon Musk's firm in the key Chinese market. Many commentators asked Lei about the long wait times for customers during the livestream. However, he offered few clues, saying only that Xiaomi would strive to ramp up capacity. A Reuters review of one consumer complaints site showed hundreds of customers have demanded refunds, saying they were not told of the long wait times when placing orders. Xiaomi plans new factories on two plots of land near its Beijing plant to help meet demand. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Investors in ProCredit Holding (ETR:PCZ) have seen solid returns of 208% over the past three years
Investors in ProCredit Holding (ETR:PCZ) have seen solid returns of 208% over the past three years

Yahoo

time28 minutes ago

  • Yahoo

Investors in ProCredit Holding (ETR:PCZ) have seen solid returns of 208% over the past three years

ProCredit Holding AG (ETR:PCZ) shareholders might be concerned after seeing the share price drop 11% in the last month. But that doesn't change the fact that the returns over the last three years have been very strong. The share price marched upwards over that time, and is now 172% higher than it was. To some, the recent share price pullback wouldn't be surprising after such a good run. Only time will tell if there is still too much optimism currently reflected in the share price. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During three years of share price growth, ProCredit Holding achieved compound earnings per share growth of 15% per year. In comparison, the 40% per year gain in the share price outpaces the EPS growth. This indicates that the market is feeling more optimistic on the stock, after the last few years of progress. That's not necessarily surprising considering the three-year track record of earnings growth. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). It might be well worthwhile taking a look at our free report on ProCredit Holding's earnings, revenue and cash flow. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, ProCredit Holding's TSR for the last 3 years was 208%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. ProCredit Holding provided a TSR of 8.7% over the last twelve months. Unfortunately this falls short of the market return. On the bright side, the longer term returns (running at about 13% a year, over half a decade) look better. Maybe the share price is just taking a breather while the business executes on its growth strategy. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 1 warning sign for ProCredit Holding that you should be aware of before investing here. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $384.84 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store