New World Development Earnings: Valuation Cut by 9% on Rental Contract Termination and Higher WACC
New World Development's revenue fell 28% in fiscal 2026 (ended June) due to lower property sales and construction income. Net loss reached HKD 25.6 billion amid 11 Skies write-offs, following the termination of its rental agreement with Hong Kong's Airport Authority effective April 1, 2027.