Stock Watch: New World Development

Despite doubling in price this year, it looks like there might still be more value to be found in New World Development shares.

The group is a large property player in Hong Kong and has majority interests in a number of companies listed in Hong Kong.

New World China Land and New World Department Store hold the group's property and retail business in the mainland, respectively, while NWS Holdings is its infrastructure arm with projects in Hong Kong, Macau and the mainland.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1065091/stock-watch-new-world-development