SEHK Top 3 Dividend Stocks To Watch In October 2024

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As geopolitical tensions in the Middle East escalate, global markets are experiencing heightened volatility, with oil prices climbing and influencing energy shares positively. Amidst this backdrop, Hong Kong's Hang Seng Index has shown resilience by climbing 10.2%, reflecting investor optimism towards Beijing's supportive economic measures. In such uncertain times, dividend stocks can offer a degree of stability and income potential, making them an attractive option for investors seeking to navigate these complex market conditions.

Top 10 Dividend Stocks In Hong Kong

Name

Dividend Yield

Dividend Rating

Consun Pharmaceutical Group (SEHK:1681)

7.74%

★★★★★☆

China Hongqiao Group (SEHK:1378)

8.55%

★★★★★☆

Chongqing Rural Commercial Bank (SEHK:3618)

7.37%

★★★★★☆

Bank of China (SEHK:3988)

6.89%

★★★★★☆

Playmates Toys (SEHK:869)

8.82%

★★★★★☆

Lion Rock Group (SEHK:1127)

8.03%

★★★★★☆

China Construction Bank (SEHK:939)

7.10%

★★★★★☆

PC Partner Group (SEHK:1263)

8.06%

★★★★★☆

Tianjin Development Holdings (SEHK:882)

6.89%

★★★★★☆

Sinopharm Group (SEHK:1099)

4.20%

★★★★★☆

Click here to see the full list of 93 stocks from our Top SEHK Dividend Stocks screener.

We'll examine a selection from our screener results.

Consun Pharmaceutical Group

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

Overview: Consun Pharmaceutical Group Limited is engaged in the research, development, manufacturing, and sale of Chinese medicines and medical contrast medium products in the People’s Republic of China, with a market cap of HK$6.35 billion.

Operations: Consun Pharmaceutical Group's revenue is primarily derived from the Consun Pharmaceutical Segment, which accounts for CN¥2.33 billion, and the Yulin Pharmaceutical Segment, contributing CN¥410 million.

Dividend Yield: 7.7%

Consun Pharmaceutical Group's dividend payments have been volatile over the past decade, though they recently increased with an interim dividend of HK$0.3 per share for 2024. Despite this volatility, dividends are sustainably covered by earnings and cash flows with payout ratios around 53%. The company trades below estimated fair value and offers a competitive yield in Hong Kong's market. Recent earnings growth and strategic developments, such as the SK-08 tablet clinical trial approval, may support future performance.

SEHK:1681 Dividend History as at Oct 2024
SEHK:1681 Dividend History as at Oct 2024

China Kepei Education Group

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

Overview: China Kepei Education Group Limited is an investment holding company that offers private vocational education services with a focus on profession-oriented and vocational training in China, and it has a market cap of HK$3.02 billion.