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28 Hong Kong Blue Chips With Dividend Yields Higher Than 4%

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Singapore and Hong Kong stocks are the cheapest among the world if we compare the indices by their PE ratios.

The blue chips in Hong Kong are represented by the 50 constituents in the Hang Seng Index (HSI).

In this article, we will list out these Hong Kong blue chips that are paying dividend yield of more than 4%.

This list is created with historical data and is meant to provide some trade ideas for you to think about. They are NOT recommendations. Please do further research before making any investment decision. Avoid investing when in doubt.

#28 – CK Asset (SEHK:1113): 4.2%

  • Data as of 11 May 2020
  • Based on share price of HK$50.20
  • Dividend Yield: 4.2%
  • PE Ratio: 6
  • PB Ratio: 0.5

CK Asset Holdings Ltd. engages in the property development business. It also specializes in property management, infrastructure and utility assets, and aircraft leasing.

#27 – WH Group (SEHK:288): 4.3%

  • Data as of 11 May 2020
  • Based on share price of HK$7.33
  • Dividend Yield: 4.3%
  • PE Ratio: 9
  • PB Ratio: 1.6

WH Group Ltd. engages in the production and sale of packaged meats, fresh pork and hog products. It operates its business through the following segments: Packaged Meat Products, Fresh Pork and Hog Production. The Packaged Meat Products segment represents production, wholesale, and retail sales of low temperature and high temperature meat products. The Fresh Pork segment engages in the hog slaughtering, wholesale, and retail sales of fresh and frozen meat. The Hog Production segment involves hog farming. The company also engages in the slaughtering and sales of poultry, sales of ancillary products and services such as provision of logistics services, sales of flavoring ingredients, internally-produced packaging materials, imported meat products as well as retail business, and biopharmaceuticals.

#26 – Hang Lung Properties (SEHK:101): 4.5%

  • Data as of 11 May 2020
  • Based on share price of HK$17.02
  • Dividend Yield: 4.5%
  • PE Ratio: 12
  • PB Ratio: 0.6

Hang Lung Properties Ltd. engages in property investment for rental income, property development for sales and leasing, car park management, and property management through its subsidiaries. It operates through the Property Leasing and Property Sales segments. The Property Leasing segment includes property leasing operation in investment properties, such as retail, office, residential, serviced apartments and carparks in mainland China and Hong Kong. The Property Sales segment includes development and sale of the Group’s trading properties in Hong Kong. 

#25 – Want Want China (SEHK:151): 4.7%

  • Data as of 11 May 2020
  • Based on share price of HK$5.69
  • Dividend Yield: 4.7%
  • PE Ratio: 17
  • PB Ratio: 4

Want Want China Holdings Ltd. engages in the manufacture, distribution & sale of food and beverages. It operates through the following segments: Rice Crackers, Dairy Products and Beverages, Snack Foods and Other Products. The Rice Crackers segment manufactures sugar coated crackers, savory crackers, and fried crackers. The Dairy Products and Beverages segment includes flavored milk, yogurt drinks, ready-to-drink coffee, carbonated drinks, herbal tea, and milk powder. The Snack Foods segment comprises of candies, popsicles and jellies, ball cakes, beans, and nuts. The Other Products segment consists of mainly wine and other food products.

#24 – Sun Hung Kai Properties (SEHK:16): 4.8%

  • Data as of 11 May 2020
  • Based on share price of HK$104.10
  • Dividend Yield: 4.8%
  • PE Ratio: 7
  • PB Ratio: 0.5

Sun Hung Kai Properties Ltd. engages in the development of property for sale and investment. It operates through the following segments: Property Development, Property Investment, Hotel Operation, Telecommunications and Transport Infrastructure and Logistics.

#23 – Sino Land (SEHK:83): 5.0%

  • Data as of 11 May 2020
  • Based on share price of HK$11.10
  • Dividend Yield: 5.0%
  • PE Ratio: 11
  • PB Ratio: 0.5

Sino Land Co. Ltd. engages in the development of residential, office, industrial, and retail properties. The firm is also involved in hotel investment and management, club management, property management, car park operations, cleaning, and security services. It operates through the following segments: Property Sales, Property Rental, Property Management and Other Services, Hotel Operations, Investments in Securities, and Financing.

#22 – China Life Insurance (SEHK:2628): 5.1%

  • Data as of 11 May 2020
  • Based on share price of HK$16.08
  • Dividend Yield: 5.1%
  • PE Ratio: 7
  • PB Ratio: 1.0

China Life Insurance Co., Ltd. engages in the provision of life, annuity, accident, and health insurance. It operates through the following segments: Life Insurance Businesses, Health Insurance Businesses, Accident Insurance Businesses, and Other Businesses. The Life Insurance Businesses segment involves in the sale of life insurance policies, including those life insurance policies without significant insurance risk transferred. The Health Insurance Businesses segment offers health insurance policies, including those health insurance policies without significant insurance risk transferred. The Accident Insurance Businesses segment relates to the sale of accident insurance policies. The Other Businesses includes income and allocated cost of insurance agency businesses.

#21 – CK Infrastructure (SEHK:1038): 5.3%

  • Data as of 11 May 2020
  • Based on share price of HK$46.15
  • Dividend Yield: 5.3%
  • PE Ratio: 11
  • PB Ratio: 1.1

CK Infrastructure Holdings Ltd. is an investment company, which engages in the development, investment, and construction of power plants, industrial buildings, and other infrastructure facilities. It operates through the followign segments: Investment in Power Assets, Infrastructure Investments, and infrastructure Related Business. It includes energy infrastructure, transportation infrastructure, water infrastructure, and commercialization of infrastructure related business.

#20 – China Mobile (SEHK:941): 5.4%

  • Data as of 11 May 2020
  • Based on share price of HK$60.05
  • Dividend Yield: 5.4%
  • PE Ratio: 10
  • PB Ratio: 1.0

China Mobile Ltd. operates as an investment holding company. It provides telecommunications and other related services in Mainland China. The firm offers communications services in all 31 provinces, autonomous regions and directly-administered municipalities throughout Mainland China and in Hong Kong Special Administrative Region. Its Internet Protocol based core network is capable of supporting the GSM, TD-SCDMA, TD-LTE and LTE FDD networks.

#19 – CK Hutchison (SEHK:1): 5.5%

  • Data as of 11 May 2020
  • Based on share price of HK$57.90
  • Dividend Yield: 5.5%
  • PE Ratio: 6
  • PB Ratio: 0.5

CK Hutchison Holdings Ltd. is an investment holding company, which engages in the development, innovation, operation and investment in different business sectors. It operates through the following segments: Ports and Related Services; Retail; Infrastructure; Husky Energy and Telecommunications.

#18 – New World Development (SEHK:17): 5.5%

  • Data as of 11 May 2020
  • Based on share price of HK$9.30
  • Dividend Yield: 5.5%
  • PE Ratio: 5
  • PB Ratio: 0.4

New World Development Co. Ltd. operates as an holding company, which engages in the property development and investment businesses. It operates through the following business segments: Property Development, Property Investment, Service and Infrastructure, Hotel Operations, Department Stores and Others. The Property Development segment focuses on the residential usage of company properties in China and Hong Kong. The Property Investment segment handles lands and buildings that are for lease or rent. The Service segment comprises of facilities management, contracting and transport, and strategic investments. The Infrastructure segment includes development of roads and ports, and energy, water and logistics projects. The Hotel Operations segment manages major hotel projects in Hong Kong, namely, Grand Hyatt Hong Kong, Hyatt Regency Hong Kong, Tsim Sha Tsui, Hyatt Regency Hong Kong, Sha Tin and Renaissance Harbour View Hotel. The Department Store segment operates department store retail chain in China. The Others segment includes media and technology businesses.

#17 – Power Assets (SEHK:6): 5.5%

  • Data as of 11 May 2020
  • Based on share price of HK$50.95
  • Dividend Yield: 5.5%
  • PE Ratio: 15
  • PB Ratio: 1.3

Power Assets Holdings Ltd. engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Investments in Hong Kong Electric Investments (HKEI), Investments, and All Other Activities. The Investments in HKEI segment invests in the generation and supply of electricity business in Hong Kong. The Investments segment includes investment in energy and utility-related businesses, and is segregated further into the geographical segments such as the United Kingdom, Australia, Mainland China, and other regions. The All Other Activities segment represents other businesses carried out by the group.

#16 – ICBC (SEHK:1398): 5.7%

  • Data as of 11 May 2020
  • Based on share price of HK$5.19
  • Dividend Yield: 5.7%
  • PE Ratio: 5
  • PB Ratio: 0.7

Industrial & Commercial Bank of China Ltd. engages in the provision of commercial banking and financial services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Operations, and Others. The Corporate Banking segment provides corporate loans, trade financing, deposit-taking activities, corporate wealth management services, custody activities, and various types of corporate intermediary services to corporations, government agencies and financial institutions. The Personal Banking segment offers personal loans, deposit-taking activities, card business, personal wealth management services, and various types of personal intermediary services to individual customers. The Treasury Operations segment issues money market transactions, investment securities, foreign exchange transactions and the holding of derivative positions, for its own account or on behalf of customers. The Others segment includes assets, liabilities, income, and expenses that cannot be allocated to a segment.

#15 – China Construction Bank (SEHK:939): 5.8%

  • Data as of 11 May 2020
  • Based on share price of HK$6.24
  • Dividend Yield: 5.8%
  • PE Ratio: 5
  • PB Ratio: 0.6

China Construction Bank Corp. engages in the provision of a wide range of financial services to corporate and personal customers. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury, and Others. The Corporate Banking segment provides a range of financial products and services to corporations, government agencies and financial institutions, which comprises of corporate loans, trade financing, deposit taking and wealth management services, agency services, financial consulting and advisory services, cash management services, remittance and settlement services, custody services, and guarantee services. The Personal Banking segment provides personal loans, deposit taking and wealth management services, card business, remittance services, and agency services to individual customers. The Treasury segment represents inter-bank money market transactions, repurchase and resale transactions, investments in debt securities, and trade of derivatives and foreign currency. The Others segment refers to equity investments and revenues, results, assets and liabilities of overseas branches and subsidiaries.

#14 – Henderson Land (SEHK:12): 5.8%

  • Data as of 11 May 2020
  • Based on share price of HK$31.20
  • Dividend Yield: 5.8%
  • PE Ratio: 9
  • PB Ratio: 0.5

Henderson Land Development Co. Ltd. engages in the property development and investment, construction, infrastructure, hotel operation, finance, department store operation, and project management. It operates through the following business segments: Property Development; Property Leasing; Department Store Operation; Others Businesses; and Utility and Energy. The Property Development segment involves in the development and sale of properties. The Property Leasing segment offers leasing of properties. The Department Store Operation segment comprises of department store operations and management. The Other Businesses segment is comprised of hotel operation and management, construction, provision of finance, investment holding, project management, property management, agency services, cleaning and security guard services, as well as the trading of building materials and disposal of leasehold land. The Utility and Energy segment consists of production, distribution and marketing of gas, water supply, and energy businesses.

#13 – Petrochina (SEHK:857): 5.8%

–FILE–View of a gas station of CNPC (China National Petroleum Corporation), parent company of PetroChina, in Huaibei city, east Chinas Anhui province, 14 May 2014. China National Petroleum Corp, the countrys largest oil and gas producer, said on Monday (11 August 2014) it has completed a crude export pipeline in Iraq, which will support the companys expansion in the energy-rich country. The pipeline is the first crude export project of Iraqs postwar reconstruction, which will improve cooperation between China and Iraq in the energy sector. The China Petroleum Pipeline Bureau, a subsidiary of CNPC and the builder of the pipeline, started construction in April last year.
  • Data as of 11 May 2020
  • Based on share price of HK$2.77
  • Dividend Yield: 5.8%
  • PE Ratio: 10
  • PB Ratio: 0.4

PetroChina Co. Ltd. engages in the petroleum related products, services and activities. It operates through the following business segments: Exploration and Production; Refining and Chemicals; Marketing; Natural Gas and Pipeline; and Head Office and Other. The Exploration and Production segment involves exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment focuses on the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment includes marketing of refined products and the trading business. The Natural Gas and Pipeline segment comprises transmission of natural gas, crude oil, and refined products and the sale of natural gas. The Head Office and Other segment relates to cash management and financing activities, the corporate center, research and development, and other business services supporting the operating business segments of the Group.

#12 – CITIC (SEHK:267): 5.8%

  • Data as of 11 May 2020
  • Based on share price of HK$8.01
  • Dividend Yield: 5.8%
  • PE Ratio: 4
  • PB Ratio: 0.4

CITIC Ltd. is an investment holding company, which engages in finance, energy, engineering, manufacturing, and real estate businesses. It operates through the following segments: Financial Services, Resources and Energy, Manufacturing, Engineering Contracting, Real Estate, and Other Businesses. The Financial Services spans the banking, trust, asset management, securities and insurance services. The Resources and Energy segment comprises of the exploration, processing, and trading of resources and energy products, including crude oil, coal, and iron ore. The Manufacturing segment includes manufacturing of special steels, heavy machineries, aluminium wheels, and other products. The Engineering Contracting segment involves contracting and design services for infrastructure, real estate, and industrial projects, etc. The Real Estate segment manages the development, sale and holding of properties. The Other Businesses segment focuses on investment and operation of infrastructures, telecommunication services, motor and food and consumer products business, commercial aviation services, publication services, and others.

#11 – HSBC (SEHK:5): 5.8%

  • Data as of 11 May 2020
  • Based on share price of HK$40.15
  • Dividend Yield: 5.8%
  • PE Ratio: 17
  • PB Ratio: 0.6

HSBC Holdings Plc engages in the provision of banking and financial services. It operates through the following business segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, Global Private Banking, and Corporate Centre. The Retail Banking and Wealth Management segment consists of retail banking, wealth management, asset management, and insurance. The Commercial Banking segment offers banking products and services. The Global Banking and Markets segment includes transaction banking, financing, advisory, capital markets, and risk management services. The Global Private Banking offers transaction banking, financing, advisory, capital markets and risk management services to high net worth individuals and families. The Corporate Centre segment is comprises of central treasury, including balance sheet management, other legacy businesses, interests in associates and joint ventures, central stewardship costs and the UK bank levy.

#10 – Swire Pacific A (SEHK:19): 5.8%

  • Data as of 11 May 2020
  • Based on share price of HK$51.55
  • Dividend Yield: 5.8%
  • PE Ratio: 9
  • PB Ratio: 0.3

Swire Pacific Ltd. is a holding company with diversified interests. It operates through the following divisions: Property, Aviation, Beverages, Marine Services and Trading and Industrial. The Property division designs, develops and manages mixed-use developments that successfully transform urban areas. The Aviation division provides cargo airlines, aircraft engineering, catering and airport services. The Beverages division involves bottling, distribution, and delivery of beverage products. The Marine Services division includes international offshore energy support, and dockyard and towage services. The Trading and Industrial division engages in the retail and distribution of apparel and motor vehicles and is involved in the sugar and paint businesses.

#9 – Wharf REIC (SEHK:1997): 6.0%

  • Data as of 11 May 2020
  • Based on share price of HK$34.05
  • Dividend Yield: 6.0%
  • PE Ratio: 26
  • PB Ratio: 0.5

Wharf Real Estate Investment Co. Ltd. engages in the investment in strategic and substantial retail, office and hotel operations. It operates through the following business segments: Investment Properties, Development Properties, and Hotels. The investment Properties segment focuses on property leasing operations. The Development Properties segment includes the acquisition, design, construction, sales, and marketing of development properties in the People”s Republic of China. The Hotel segment comprises of hotel and club operations in Hong Kong, and the People”s Republic of China.

#8 – Hang Seng Bank (SEHK:11): 6.0%

  • Data as of 11 May 2020
  • Based on share price of HK$137.20
  • Dividend Yield: 6.0%
  • PE Ratio: 11
  • PB Ratio: 1.5

Hang Seng Bank Ltd. provides commercial banking and related financial services. It operates through the following business segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other. The Retail Banking and Wealth Management segment offers a range of products and services to meet the personal banking, consumer lending, and wealth management needs of individual customers. The Commercial Banking segment provides products and services to corporate, commercial, and small-to-medium sized enterprises customers. The Global Banking and Markets segment gives tailored financial solutions to major corporate and institutional clients. The Other segment represents the holdings of premises, investment properties, equity shares and subordinated debt funding as well as central support, and functional costs with associated recoveries.

#7 – Country Garden (SEHK:2007): 6.3%

  • Data as of 11 May 2020
  • Based on share price of HK$10.20
  • Dividend Yield: 6.3%
  • PE Ratio: 5
  • PB Ratio: 1.3

Country Garden Holdings Co. Ltd. engages in the real estate business. It operates through the following segments: Property Development; Construction; Property Investment; Property Management; and Hotel Operation.

#6 – BOC Hong Kong (SEHK:2388): 6.3%

  • Data as of 11 May 2020
  • Based on share price of HK$24.40
  • Dividend Yield: 6.3%
  • PE Ratio: 8
  • PB Ratio: 0.9

BOC Hong Kong (Holdings) Ltd. engages in the provision of banking and related financial services. It operates through the following segments: Personal Banking, Corporate Banking, Treasury, Insurance, and Others. The Personal Banking and Corporate Banking segments provide offers general banking services, including various deposit products, overdrafts, loans, credit cards, trade related products and other credit facilities, investment and insurance products, and foreign currency and derivative products. The Treasury segment manages the funding and liquidity, and the interest rate and foreign exchange positions of the group in addition to proprietary trades. The Insurance segment focuses on long-term life insurance products, including traditional and investment-linked individual life insurance and group life insurance products. The Others segment relates to the firm’s holdings of premises, investment properties, equity investments and interests inassociates and joint ventures.

#5 – Bank of Communications (SEHK:3328): 7.2%

  • Data as of 11 May 2020
  • Based on share price of HK$4.92
  • Dividend Yield: 7.2%
  • PE Ratio: 4
  • PB Ratio: 0.4

Bank of Communications Co., Ltd. engages in the provision of banking and financial services. It operates through the following segments: Northern China, North Eastern China, Eastern China, Central and Southern China, Western China, Head Office, and Overseas. The Northern China segment includes the following provinces: Beijing, Tianjin, Hebei, Shanxi, and Inner Mongolia. The North Eastern China segment consists of the following provinces: Liaoning, Jilin, and Heilongjian. The Eastern China segment comprises of following provinces: Shanghai, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi, and Shandong. The Central and Southern China segment includes the following provinces: Henan, Hunan, Hubei, Guangdong, Guangxi, and Hainan. The Western China segment comprises of the following provinces: Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shanxi, Gansu, Qinghai, Ningxia, and Xinjiang. The Overseas segment includes the following branches: Hong Kong, New York, Singapore, Seoul, Tokyo, Frankfurt, Macau, Ho Chi Minh City, San Francisco, Sydney, United Kingdom, Toronto, Luxembourg, Brisbane, Taipei, Paris, Rome, and Brazil.

#4 – Bank of China (SEHK:3988): 7.2%

  • Data as of 11 May 2020
  • Based on share price of HK$2.95
  • Dividend Yield: 7.2%
  • PE Ratio: 4
  • PB Ratio: 0.4

Bank of China Ltd. engages in the provision of banking and financial services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Others. The Corporate Banking segment offers services to corporate customers, government authorities, and financial institutions such as current accounts, deposits, overdrafts, loans, custody, trade related products and other credit facilities, foreign currency, and derivative products. The Personal Banking segment provides services to retail customers such as current accounts, savings, deposits, investment savings products, credit and debit cards, consumer loans, and mortgages. The Treasury Operations segment deals in foreign exchange transactions, customer-based interest rate and foreign exchange derivative transactions, money market transactions, proprietary trading, and asset and liability management. The Investment Banking segment includes debt and equity underwriting and financial advisory, sales and trading of securities, stock brokerage, investment research and asset management services, and private equity investment services. The Insurance segment specializes in the underwriting of general and life insurance business and insurance agency services. The Others segment comprises of investment holding and miscellaneous activities.

#3 – CNOOC (SEHK:883): 8.8%

  • Data as of 11 May 2020
  • Based on share price of HK$8.91
  • Dividend Yield: 7.2%
  • PE Ratio: 6
  • PB Ratio: 0.8

CNOOC Ltd. engages in the exploration, development, production, and sale of crude oil, natural gas, and other petroleum products through its subsidiaries. It operates through the following segments: Exploration and Production, Trading Business, and Corporate. Its core operations areas is comprised of Bohai, Western South China Sea, Eastern South China Sea, East China Sea, Asia, Africa, North America, South America, Oceania, and Europe.

#2 – SINOPEC (SEHK:386): 9.2%

  • Data as of 11 May 2020
  • Based on share price of HK$3.78
  • Dividend Yield: 9.2%
  • PE Ratio: 7
  • PB Ratio: 0.6

China Petroleum & Chemical Corp. engages in the exploration, development and production of crude oil and natural gas. It operates through the following segments: Exploration and Production; Refining; Marketing and Distribution; Chemicals; and Corporate and Others. The Exploration and Production segment consists of activities related to exploring for and developing, producing, and selling crude oil and natural gas. The Refining segment purchases crude oil from its exploration and production segment and from third parties, processing of crude oil into refined oil products, and selling refined oil products principally to its marketing and distribution segment. The Marketing and Distribution segment includes refined oil products from its refining segment and third parties, and marketing, selling and distributing refined oil products by wholesale to large customers and independent distributors, and retail through its retail network. The Chemicals segment focuses on chemical feedstock principally from the refining segment and producing, marketing, selling, and distributing chemical product. The Corporate and Others segment comprises of trading activities of the import and export subsidiaries, and its research and development activities.

#1 – China Shenhua (SEHK:1088): 10.3%

  • Data as of 11 May 2020
  • Based on share price of HK$13.68
  • Dividend Yield: 10.3%
  • PE Ratio: 6
  • PB Ratio: 0.7

China Shenhua Energy Co., Ltd. engages in the production and sale of coal and electricity. It operates through the following business segments: Coal, Power, Railway, Port, and Shipping. The Coal segment includes the production and sale of coal as well as the operation of coal mines. The Power segment includes the generation and sale of power and electricity. The Railway segment includes the operation of transportation railways for coal and non-coal commodities. The Port segment provides logistics and vessels for coal and non-coal cargo. The Shipping segment includes self-operated vessel management and allocation for coal distribution.

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