The global markets are experiencing mixed results, with the Hang Seng Index in Hong Kong showing a significant increase. Investors are seeking stable returns in the midst of fluctuating economic conditions, making dividend stocks like Chen Hsong Holdings an attractive option for regular income and relative stability.
Here are the top 10 dividend stocks in Hong Kong:
1. China Construction Bank (SEHK:939) – 8.19% Dividend Yield
2. Chongqing Rural Commercial Bank (SEHK:3618) – 9.12% Dividend Yield
3. CITIC Telecom International Holdings (SEHK:1883) – 9.27% Dividend Yield
4. Consun Pharmaceutical Group (SEHK:1681) – 9.49% Dividend Yield
5. S.A.S. Dragon Holdings (SEHK:1184) – 9.09% Dividend Yield
6. Bank of China (SEHK:3988) – 7.06% Dividend Yield
7. China Mobile (SEHK:941) – 6.81% Dividend Yield
8. Sinopharm Group (SEHK:1099) – 4.27% Dividend Yield
9. China Overseas Grand Oceans Group (SEHK:81) – 8.96% Dividend Yield
10. International Housewares Retail (SEHK:1373) – 8.42% Dividend Yield
Chen Hsong Holdings Limited, a company that manufactures and sells plastic injection molding machines and related products, has a market capitalization of approximately HK$0.97 billion. The company generates revenue of HK$1.99 billion primarily from the sale of plastic injection molding machines.
Chen Hsong Holdings offers a dividend yield of 6.7%, with a sustainable payout ratio of 61.5%. However, the firm has experienced volatility in dividend payments over the past decade. Despite this, its Price-To-Earnings ratio is slightly below the market average at 9.2x.
Shougang Fushan Resources Group Limited operates in the raw coal mining, processing, and sales sectors in China, with a market capitalization of approximately HK$15.91 billion. The company generates revenue primarily through its coking coal mining segment, with sales of HK$5.89 billion.
Shougang Fushan Resources Group has seen its dividend grow over the last decade, with a current yield of 8.7%. However, the company has faced challenges such as a recent dividend cut and declining annual earnings.
Lenovo Group Limited specializes in developing, manufacturing, and marketing technology products and services, with a market capitalization of approximately HK$126.78 billion. The company generates revenue primarily through three segments: Intelligent Devices Group, Solutions and Services Group, and Infrastructure Solutions Group.
Lenovo Group has a dividend yield of 3.7%, but its sustainability is questionable due to high payout ratios and recent legal setbacks. Investors should carefully evaluate the company’s financial health and growth initiatives before investing.
Overall, dividend stocks in Hong Kong offer opportunities for stable returns, but investors should conduct thorough research and analysis before making investment decisions.