CHINAHONGQIAO (01378) Dragon Soars and Snake Dances: Strongly Positive Performance in the second half of the year, Can Next Year be Expected as well?
At the same time, possessing both offensive and defensive attributes, Chinese Hongqiao naturally qualifies as an indispensable variety in the bullish market, hence it is not surprising that the company's stock price has outperformed in the past year.
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CHINAHONGQIAOCHINAHONGQIAOAHONGQIAO's dividend attributes are also rapidly strengthening. Looking back at history, the company has implemented dividend schemes every year since its listing in 2011, and in recent years, with the steady increase in the company's profitability, CHINAHONGQIAO's dividend payout has been further increasing. According to the interim report, CHINAHONGQIAO's mid-year dividend this year reached HK$0.59 per share, and the company's current annual dividend yield is close to 10% based on the current price.If the high growth performance makes CHINAHONGQIAO have the characteristics of a growth stock, then the close to double-digit dividend yield indicates that the company still has a high safety margin. With both offensive and defensive attributes, this type of CHINAHONGQIAO naturally qualifies as an indispensable variety in a bull market, explaining why the company's stock price has outperformed this year. With the company's continuous growth in performance, there is reason to believe that high elasticity, high dividends CHINAHONGQIAO will still be a "star" target in the Hong Kong stock market next year, and the company's future stock price performance is still worth looking forward to.
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