Shandong Weigao Group Medical Polymer And 2 Other SEHK Dividend Stocks

In This Article:

As global markets react to anticipated interest rate cuts from the Federal Reserve, the Hong Kong market remains a focal point for investors seeking stability and growth. Amid this backdrop, dividend stocks like Shandong Weigao Group Medical Polymer offer compelling opportunities for income-focused investors. In today's market conditions, a good dividend stock typically combines consistent payout history with strong fundamentals, providing both income and potential capital appreciation.

Top 10 Dividend Stocks In Hong Kong

Name

Dividend Yield

Dividend Rating

Chow Tai Fook Jewellery Group (SEHK:1929)

8.31%

★★★★★☆

China Construction Bank (SEHK:939)

7.51%

★★★★★☆

Sinopharm Group (SEHK:1099)

5.40%

★★★★★☆

China Electronics Huada Technology (SEHK:85)

9.81%

★★★★★☆

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

8.75%

★★★★★☆

Chongqing Rural Commercial Bank (SEHK:3618)

7.94%

★★★★★☆

China Resources Land (SEHK:1109)

7.17%

★★★★★☆

Zhongsheng Group Holdings (SEHK:881)

9.07%

★★★★★☆

PC Partner Group (SEHK:1263)

8.81%

★★★★★☆

Bank of China (SEHK:3988)

7.10%

★★★★★☆

Click here to see the full list of 83 stocks from our Top SEHK Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Shandong Weigao Group Medical Polymer

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

Overview: Shandong Weigao Group Medical Polymer Company Limited is involved in the research and development, production, wholesale, and sale of medical devices in China with a market cap of HK$18.74 billion.

Operations: Shandong Weigao Group Medical Polymer Company Limited generates revenue from Orthopaedic Products (CN¥1.27 billion), Interventional Products (CN¥1.93 billion), Medical Device Products (CN¥7.01 billion), Blood Management Products (CN¥1.04 billion), and Pharma Packaging Products (CN¥2.02 billion).

Dividend Yield: 4.4%

Shandong Weigao Group Medical Polymer has a mixed dividend history, with payments being volatile over the past decade. However, recent increases in dividends and a low payout ratio of 37.8% suggest improved stability and coverage by earnings and cash flows. The company's dividend yield is relatively low at 4.38%, but it trades at a significant discount to its estimated fair value. Recent board changes may also impact future performance and governance positively.

SEHK:1066 Dividend History as at Aug 2024
SEHK:1066 Dividend History as at Aug 2024

PetroChina

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

Overview: PetroChina Company Limited, with a market cap of HK$1.75 trillion, engages in various petroleum-related products, services, and activities both in Mainland China and internationally.