罗欣怡（Trista Xinyi Luo）报道：新世界发展有限公司（New World Development Co.）的股价在周五早盘上涨，尽管该公司本周录得281亿港元（约合36亿美元）的亏损。市场焦点已转向在新世界退出与香港机场管理局合作的数十亿美元项目后，可能出现新投资者的潜力。
By Trista Xinyi Luo New World Development Co.’s shares rallied on Friday morning despite its HK$28.1 billion ($3.6 billion) loss this week, with focus shifting to the potential of a new investor emerging after the company exited a multi-billion dollar project with Hong Kong’s Airport Authority.
新世界本周向投资者表示，因终止“11 Skies”零售及办公综合体项目，公司计提了183亿港元的减值损失，这是其连续第三年出现年度亏损的主要原因。这些数据揭示了新世界所面临的困境规模，但一些分析师认为，这也暗示了未来的出路。
New World told investors this week that it took an HK$18.3 billion writedown from scrapping the 11 Skies retail and office complex, a major factor behind its third annual loss in a row. The numbers showed the scale of problems facing New World — but some analysts think they also suggest a way forward.
作为这家陷入困境的香港开发商的最大股东，周大福企业有限公司（Chow Tai Fook Enterprises Ltd.）表示准备为公司提供支持，最终证实了投资者关于新世界背后的家族愿意伸出援手的猜测。此外，新世界决定终止“11 Skies”项目，消除了这家已将重心转向出售资产和削减债务的开发商的一大难题。
Chow Tai Fook Enterprises Ltd., the largest shareholder of the embattled Hong Kong developer, indicated it’s prepared to provide backing to the company, finally confirming investor speculation that the family behind New World would be willing to help. And New World’s move to bring an end to the 11 Skies project removes a major headache for a developer that has shifted focus to selling assets and paring its debt.
汇丰银行（HSBC）分析师在一份报告中写道：“终止该项目还可能通过降低新世界未来义务的不确定性，增加‘白衣骑士’投资者出现的几率。”同时，该行下调了该公司的目标价，以反映更高的借贷成本假设。
“The termination could also increase the likelihood of a white-knight investor emerging by reducing uncertainty around New World’s future obligations,” HSBC analysts wrote in a report, while lowering their target price on the company to reflect higher borrowing cost assumptions.
新世界股价在早盘交易中一度飙升近11%，随后部分回吐涨幅，最终仍上涨超过6%。由于对其债务的担忧打击了市场情绪，该股年内仍处于下跌状态。
New World’s shares jumped almost 11% in early trading before paring some of their gains to trade more than 6% higher. The stock remains down for the year, after a long slide as fears over its debt have dented sentiment.
巴克莱银行（Barclays Plc）分析师何伟伦（Wilson Ho）周五在一份报告中写道，该交易“消除了或有负债和财务不确定性的主要来源，为潜在的新投资者提供了更清晰的资本结构”。
The deal “removes a major source of contingent liabilities and financial uncertainty, providing a cleaner capital structure for potential new investors,” Barclays Plc analyst Wilson Ho wrote in a note Friday.
根据瑞银集团（UBS Group AG）此前的估算，新世界预计从2028年到2066年，每年需为“11 Skies”支付至少18亿港元的租金。
New World was expected to pay rent on 11 Skies of at least HK$1.8 billion per year from 2028 through 2066, according to previous estimates from UBS Group AG.
机场管理局在另一份声明中表示，作为提前终止协议的一部分，该开发商将向机场管理局支付30亿港元，并于4月移交“11 SKIES”项目中的三座办公大楼及一个娱乐设施。
The developer will pay HK$3 billion to the Airport Authority as part of the early termination agreement, while handing over three office towers and an entertainment venue at 11 Skies in April, the authority said in a separate statement.
新世界发展行政总裁黄少媚在电话会议上向分析师表示，公司目前的工作重点是优化资产负债表，并将加大力度推进近期削减债务和出售资产的举措。
New World’s Chief Executive Officer Echo Huang told analysts on a conference call that the firm’s focus was now on optimizing its balance sheet, doubling down on recent moves to pare debt and sell assets.
过去一年，该公司曾多次尝试削减债务或筹集资金，包括此前与黑石集团（Blackstone Inc.）的一项潜在40亿美元交易，但最终因控制权问题而告吹。据知情人士此前透露，该公司目前也在商讨出售其在九龙凯悦酒店持有的50%股权。
The builder has made many attempts to cut debt or raise capital over the past year, including a potential $4 billion deal with Blackstone Inc. that was ultimately scrapped over control issues. It is also in talks to sell its 50% stake in the Hyatt Regency hotel in Kowloon, people familiar with the matter said previously.