NamHoi Sitt - New World Head of Projects (Hong Kong)

Executive

Mr. Sitt NamHoi is Executive Director of New World Development Company Limited. Mr. Sitt joined the Group and was appointed as Head of Projects of the Company in February 2011. He is currently the senior director of the Project Management Department of the Company and director of certain subsidiaries of the Group. Before joining the Company, he was the project director of a listed public company in Hong Kong which he worked for over 25 years. Before that, Mr. Sitt had been working in Buildings Department of the Government of the Hong Kong Special Administrative Region since 2018.
Age 63
Tenure 6 years
Phone852 2523 1056
Webhttp://www.nwd.com.hk
Sitt obtained his Bachelor of Architecture and Bachelor of Arts in Architectural Studies from the University of Hong Kong. He is a Registered Architect, an Authorised Person and is responsible for overseeing all project management matters for all property development projects of the Group in Hong Kong. He has extensive project management experience and participated in various significant projects in Hong Kong and mainland China.

New World Management Efficiency

The company has return on total asset (ROA) of 1.39 % which means that it generated a profit of $1.39 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 4.19 %, meaning that it generated $4.19 on every $100 dollars invested by stockholders. New World's management efficiency ratios could be used to measure how well New World manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 17.98 B in total debt with debt to equity ratio (D/E) of 0.7, which is about average as compared to similar companies. New World Development has a current ratio of 1.26, suggesting that it may not be capable to disburse its financial obligations in time and when they become due. Debt can assist New World until it has trouble settling it off, either with new capital or with free cash flow. So, New World's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New World Development sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New World's use of debt, we should always consider it together with cash and equity.

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New World Development Company Limited, an investment holding company, invests in, develops, constructs, operates, manages, rents, and leases properties. New World Development Company Limited was founded in 1970 and is headquartered in Hong Kong, Hong Kong. New World is traded on BATS Exchange in the United States. New World Development [NDVLF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

New World Development Leadership Team

Elected by the shareholders, the New World's board of directors comprises two types of representatives: New World inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New World's management team and ensure that shareholders' interests are well served. New World's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New World's outside directors are responsible for providing unbiased perspectives on the board's policies.
Yukkeung Ip, Independent Non-Executive Director
WaiHoi Doo, Non-Executive Vice Chairman of the Board
ChiKong Cheng, Executive Vice Chairman of the Board, Joint General Manager
Man Ki, Executive Director
Chiman Cheng, Executive Director
TakCheong Au, Executive Director
NamHoi Sitt, Head of Projects (Hong Kong)
PingLeung Yeung, Independent Non-Executive Director
Guanzhan Chen, Joint General Manager, Executive Director and Member of Executive Committee
CheungBiu Liang, Independent Non-Executive Director
Wai Doo, Non-Executive Vice Chairman of the Board
Woon Yeo, Sales and Marketing director
PuiYing Lo, Owners’ Representative - Hotel Division
Hau Ho, Independent Non-Executive Director
ManFung Ki, Executive Director
Karshun Cheng, Executive Chairman of the Board
LuenWai Lee, Independent Non-Executive Director
Ping Yeung, Independent Non-Executive Director
Cheung Liang, Independent Non-Executive Director
ManHoi Wong, Company Secretary
Karshing Cheng, Non-Executive Director
ChungKeung So, Executive Director
MouSing Cha, Independent Non-Executive Director
HauHay Ho, Independent Non-Executive Director
ChiHeng Cheng, Executive Director

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Other Consideration for investing in New OTC Stock

If you are still planning to invest in New World Development check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the New World's history and understand the potential risks before investing.
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