HKG:0388 HKEX This new Dividend Challenger came to a sudden stop. A 20% dividend cut did it. If you look a the payout ratio over the last 5 years you see that 90% was the sweetspot. Keeping that and having less EPS over 2022 makes the dividend payments less And so we get to say goodbye to this short term Dividend Challenger.
HKG:0856 VSTECS The company is principally engaged in the provision of Information Technology (“IT”) products. In 2021 VSTecs 0856.HK became a Dividend Contender. Results of 1H 2022 are neutral, EPS tumbled 22%, Net Profit Also with 22%. D/E went up to almost 3.4 . That might not be a good thing. There is only 1 dividend payment each year, so as expected, no interim dividend was announced.
HKG:0098 Xing Fa Aluminium
HKG:0098 Xing Fa Aluminium It would have been so much nicer if there was a dividend announced over 9 cents in 2016…. The numbers here look bright. Payout Ratio is within limit and if you look at Price to Book ratio, you might want to put this one on your wish list. Let’s dig a bit deeper here:
HKG:3788 China Hangking Holdings
HKG:3788 China Hangking Holdings This does not look bright: 1H interim cut of 66% is never a good sign. Yield is also unbelievably high. As the dividend chart shows, the 5 year streak is more of a lucky shot than a well thought strategy to keep shareholders satisfied.
HKG:0960 LONGFOR PPT
HKG:0960 LONGFOR PPT Longfor Group Holdings Limited 0960.HK, formerly Longfor Properties Co. Ltd., is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates through three segments. Property Development segment is engaged in the development and sales of office buildings, commercial properties, residential properties and car parks in China. Property Investment segment is engaged in the leasing of investment properties developed by the Company to generate rental income and to gain from appreciation in the properties’ values. Its property portfolio mainly includes retail properties in China, such as Chongqing North Paradise Walk, Chengdu Three Thousand Mall and Beijing Changying Paradise Walk, among others. Property Management and Related Services segment is mainly engaged in the provision of property management services in China. The Company operates businesses in Beijing, Chengdu, Chongqing, Dalian, Hangzhou and Shanghai, among others.
HKG:0881 Zhongsheng Group Holdings Ltd.
HKG:0881 Zhongsheng Group Holdings Ltd. Zhongsheng Group Holdings Limited (“Zhongsheng Group”)is one of the leading national automobile dealership groups in China. The Group owns a comprehensive 4S dealership network nationalwide, Covering many regions and cities across the country.
Zhongsheng Group focuses on luxury and mid-to-high end automobile brands, namely luxury brands of Mercedes-Benz, Lexus , Audi,Porsche, Land Rover and mid-to-high end brands of Toyota, Nissan,Volkswagen,Honda. The Group was the first company being granted dealership rights by Toyota and one of the first authorized dealerships for Lexus and Audi in China.
HKG:0089 TAI SANG LAN
HKG:0089 TAI SANG LAN The company decided a 10% cut in dividends over the year 2022 compared to 2021. This ended their 8-year dividend increasing streak. Sadly enough.
HKG:3331 Vinda In
HKG:3331 Vinda In made a dividend cut in January 2023. That stopped a streak of dividend increases that lasted 6 years. An unfortunate move as this can no longer be a Dividend Challenger on our list. For this unique and complete and up-to-date list, you can become a member by clicking the Join Us link below.