Outline ·
[ Standard ] ·
Linear+
Hong Kong Exchange & HK Stocks, Per title post-Extradition Bill W/drawal
|
VanillaScoop
|
Sep 17 2019, 07:16 PM
|
Getting Started

|
Hi, I'm a newbie that just opened my fsmone account. Before I start vesting in them, may I know if the following stocks are subjected to dividend withholding tax of 10%?
China Aircraft Leasing Group (HKG 1848)
Bank of China (HKG 3988)
PetroChina (HKG 0857)
|
|
|
|
|
|
VanillaScoop
|
Sep 18 2019, 09:09 AM
|
Getting Started

|
QUOTE(Hansel @ Sep 17 2019, 08:37 PM) Let me try, bro,... 1848.HK : No WHT. 3988.HK : Yes, WHT of 10% imposed. B careful of the dps payout of this ctr - dps trend has been dropping the last few years. 0857.HK : Yes, WHT of 10% imposed. Dividend payout is not stable,... too many Special Dividends over the years,... implying volatility in payout,... Please correct me if I am wrong in the above,.... I gathered the above from some observations, the best person to know would be someone who holds these shares till Ex-Date. Thank you for your kind input Hansel! I see.. I guess HSBC Holdings plc is the better option than Bank Of China due to the WHT. Too bad I missed out on the lower pricing as I was waiting for my activation code to be mailed to me.
|
|
|
|
|
|
VanillaScoop
|
Sep 18 2019, 01:24 PM
|
Getting Started

|
QUOTE(Hansel @ Sep 18 2019, 12:03 PM) You are welcome, bro,.... Emm,... HSBC has dipped below 60.00 this morning, reaching a low of 59.750 this morning. The boat might be coming back,.... but I can't figure out yet the reason for this pullback,... If Bank of China pays out a yield of, say 8.15%, then 8.15% - (10% of 8.15%) still gives out a good yield of 7.335%. At the current price of HSBC, the yield is below 7%. So,... coming from this angle, at this current moment, BOC's yield is better than HSBC's. THere is one major consideration then,.... BOC pays out once a year ! But HSBC pays out 4 times a year !!!!!!!!!!Maybe the pullback yesterday has to do with the drone attack on Aramco? The website I use to check BoC's yield stated FY2018 has a div yield of 6.69%, barely hitting 6% after the WHT  Is 8.15% the forecasted yield?
|
|
|
|
|