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NEW WORLD DEV (00017.HK)  -0.040 (-0.412%)    Short selling $19.22M; Ratio 18.624%   's 2014 underlying profit increased 3% year-on-year, missing the market expectation, mainly due to the worse-than-expected contribution of Hong Kong property development and other non-property operations, Credit Suisse said in a report.

The broker raised the company's 2015 EPS forecast by 5% and hiked the target price from $9.9 to $11.03, with the Neutral rating unchanged. 

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