Daiwa: Maintains New City Development (01030.HK) "in line with the market" rating, target price raised to HK$2.22

According to the Chinese financial news app Securities Times, Deutsche Bank released a research report stating that New World Development (01030.HK) exceeded its financial performance in the first half of the year, as well as the development business profit margin. Therefore, they have adjusted their profit forecasts and target price. The bank has raised New World Development's target price from 1.97 Hong Kong dollars to 2.22 Hong Kong dollars and maintains a "market perform" rating.