Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Lee & Man Chemical And 2 Other SEHK Dividend Stocks To Consider

In This Article:

Amidst a backdrop of global economic fluctuations and regional tensions, the Hong Kong stock market has shown resilience, reflecting nuanced investor sentiment in its recent performance. In such a dynamic environment, dividend-paying stocks like Lee & Man Chemical offer potential stability and steady income streams that can appeal to investors seeking to mitigate broader market volatility.

Top 10 Dividend Stocks In Hong Kong

Name

Dividend Yield

Dividend Rating

CITIC Telecom International Holdings (SEHK:1883)

9.48%

★★★★★★

China Construction Bank (SEHK:939)

8.05%

★★★★★☆

China Electronics Huada Technology (SEHK:85)

9.13%

★★★★★☆

Chongqing Rural Commercial Bank (SEHK:3618)

8.03%

★★★★★☆

S.A.S. Dragon Holdings (SEHK:1184)

9.07%

★★★★★☆

China Overseas Grand Oceans Group (SEHK:81)

8.75%

★★★★★☆

Bank of China (SEHK:3988)

7.49%

★★★★★☆

International Housewares Retail (SEHK:1373)

9.41%

★★★★★☆

China Mobile (SEHK:941)

6.37%

★★★★★☆

Sinopharm Group (SEHK:1099)

5.04%

★★★★★☆

Click here to see the full list of 90 stocks from our Top SEHK Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Lee & Man Chemical

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Lee & Man Chemical Company Limited is an investment holding company that manufactures and sells chemical products primarily in the People's Republic of China, with a market capitalization of approximately HK$3.14 billion.

Operations: Lee & Man Chemical Company Limited generates HK$3.98 billion from its chemical products segment and HK$0.07 billion from its property segment.

Dividend Yield: 5%

Lee & Man Chemical, despite its recent guidance on a 125% profit increase due to lower raw material and energy costs, presents challenges for dividend investors. Over the past decade, dividends have been unstable and unreliable with significant annual fluctuations. Currently, the dividend yield stands at 5%, lower than Hong Kong's top dividend payers at 8.13%. However, dividends appear sustainable with a payout ratio of 39.1% and a cash payout ratio of 75.2%, supported by earnings and cash flows respectively. The company trades at a P/E ratio of 7.8x, below the market average of 9.4x, suggesting valuation attractiveness relative to peers.

SEHK:746 Dividend History as at Jul 2024
SEHK:746 Dividend History as at Jul 2024

Pico Far East Holdings

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Pico Far East Holdings Limited operates as an investment holding company, specializing in exhibitions, events, brand activations, visual branding, museum and themed environments, and meeting architecture activations with a market cap of approximately HK$2.22 billion.