Shandong Weigao Group Medical Polymer And Two Additional High Yield Dividend Stocks

As global markets navigate through varying economic signals, with Hong Kong's Hang Seng Index showing modest gains amidst a complex backdrop of fluctuating manufacturing data and property market challenges, investors continue to seek stable returns. In this environment, high-yield dividend stocks like Shandong Weigao Group Medical Polymer offer a compelling focus for those looking to potentially enhance portfolio income in uncertain times.

Top 10 Dividend Stocks In Hong Kong

Name	Dividend Yield	Dividend Rating
CITIC Telecom International Holdings (SEHK:1883)	9.34%	★★★★★★
China Construction Bank (SEHK:939)	7.99%	★★★★★☆
S.A.S. Dragon Holdings (SEHK:1184)	8.97%	★★★★★☆
China Electronics Huada Technology (SEHK:85)	8.14%	★★★★★☆
Chongqing Rural Commercial Bank (SEHK:3618)	7.93%	★★★★★☆
China Overseas Grand Oceans Group (SEHK:81)	8.52%	★★★★★☆
International Housewares Retail (SEHK:1373)	9.33%	★★★★★☆
Bank of China (SEHK:3988)	7.32%	★★★★★☆
China Mobile (SEHK:941)	6.24%	★★★★★☆
Sinopharm Group (SEHK:1099)	4.44%	★★★★★☆

Click here to see the full list of 86 stocks from our Top Dividend Stocks screener.

Let's dive into some prime choices out of from the screener.

Shandong Weigao Group Medical Polymer (SEHK:1066)

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

Overview: Shandong Weigao Group Medical Polymer Company Limited specializes in the R&D, production, wholesale, and sale of medical devices across China with a market capitalization of approximately HK$17.73 billion.

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

Dividend Yield: 4.7%

Shandong Weigao Group Medical Polymer is valued at 76.3% below its estimated fair value, suggesting potential undervaluation. Its dividend yield stands at 4.7%, modest compared to Hong Kong's top dividend payers. Dividends are well-covered by earnings and cash flows, with payout ratios of 37.8% and 36.7%, respectively, indicating sustainability despite a volatile history over the past decade. Recent board changes could influence future governance and dividends were recently increased to RMB 0.0943 per share for the year ended December 2023.

• Get an in-depth perspective on Shandong Weigao Group Medical Polymer's performance by reading our dividend report here.
• Our comprehensive valuation report raises the possibility that Shandong Weigao Group Medical Polymer is priced lower than what may be justified by its financials.

PC Partner Group (SEHK:1263)

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

Overview: PC Partner Group Limited, an investment holding company, specializes in designing, developing, manufacturing, and selling computer electronics with a market capitalization of approximately HK$1.76 billion.

Operations: PC Partner Group Limited generates revenue primarily through the design, manufacturing, and trading of electronics and PC parts and accessories, totaling approximately HK$9.17 billion.

Dividend Yield: 8.8%

PC Partner Group Limited anticipates a significant increase in net profit to HK$150 million for the first half of 2024, driven by strong demand for new video graphics cards and reduced sales and marketing expenses. Despite a high dividend yield of 8.81%, its payouts are poorly covered by earnings with a payout ratio of 191.2%, indicating potential sustainability issues. Additionally, the company's share price has been highly volatile recently, trading at 22.5% below its estimated fair value, suggesting possible undervaluation but also financial instability.

• Click to explore a detailed breakdown of our findings in PC Partner Group's dividend report.
• Upon reviewing our latest valuation report, PC Partner Group's share price might be too pessimistic.

Zhongsheng Group Holdings (SEHK:881)

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

Overview: Zhongsheng Group Holdings Limited operates as an investment holding company that specializes in the sale and service of motor vehicles across the People's Republic of China, with a market capitalization of approximately HK$27.73 billion.

Operations: Zhongsheng Group Holdings Limited generates revenue primarily through the sale of motor vehicles and related services, totaling CN¥179.29 billion.

Dividend Yield: 6.8%

Zhongsheng Group Holdings Limited, while trading at 67.8% below its estimated fair value, presents a mixed scenario for dividend investors with a low yield of 6.77% compared to the top Hong Kong dividend stocks. The company's dividends are well-covered by earnings and cash flows, with payout ratios of 35.2% and 49.5%, respectively; however, its dividend history has been volatile over the past decade. Recent activities include a share repurchase program initiated on June 24, 2024, and a decreased final dividend announced on June 21, 2024.

• Take a closer look at Zhongsheng Group Holdings' potential here in our dividend report.
• The valuation report we've compiled suggests that Zhongsheng Group Holdings' current price could be quite moderate.

Summing It All Up

• Unlock more gems! Our Top Dividend Stocks screener has unearthed 83 more companies for you to explore.Click here to unveil our expertly curated list of 86 Top Dividend Stocks.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Ready To Venture Into Other Investment Styles?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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