Operations: Huishang Bank Corporation Limited generates revenue primarily through three segments: Corporate Banking (CN¥13.23 billion), Treasury (CN¥8.84 billion), and Retail Banking (CN¥5.67 billion).

Dividend Yield: 6.4%

Huishang Bank reported a slight increase in net interest income and net income for 2023, with earnings per share rising from CNY 0.93 to CNY 1. The bank proposed a final dividend of RMB 0.146 per share for the year, indicating a commitment to returning value to shareholders despite its unstable dividend track record over the past decade. Trading at 78.9% below estimated fair value and with dividends well-covered by earnings (payout ratio of 14.5%), the stock offers good relative value in its market segment, although its dividend yield remains low compared to top Hong Kong dividend payers.

• Take a closer look at Huishang Bank's potential here in our dividend report.

• Insights from our recent valuation report point to the potential undervaluation of Huishang Bank shares in the market.

Carpenter Tan Holdings

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

Overview: Carpenter Tan Holdings Limited operates as an investment holding company that designs, manufactures, and distributes wooden handicrafts and accessories under the Carpenter Tan brand, with a market capitalization of approximately HK$1.37 billion.

Operations: Carpenter Tan Holdings Limited generates revenue primarily through the manufacture and sales of wooden handicrafts and accessories, totaling CN¥499.69 million.

Dividend Yield: 6.8%

Carpenter Tan Holdings recently announced a final dividend of HK$0.3864 per share, reflecting its commitment to shareholder returns despite a historically unstable dividend track record. With earnings surging by 62% last year and sales increasing significantly, the company's financial health appears robust. Both earnings and cash flows adequately cover the dividends, with payout ratios of 50.1% and 51.6% respectively, suggesting sustainability in its distribution policy amid volatile past payments.

• Navigate through the intricacies of Carpenter Tan Holdings with our comprehensive dividend report here.

• In light of our recent valuation report, it seems possible that Carpenter Tan Holdings is trading beyond its estimated value.

Next Steps

• Take a closer look at our Top Dividend Stocks list of 92 companies by clicking here.

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Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

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• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SEHK:1184 SEHK:3698 and SEHK:837.

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