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 Hong Kong Exchange & HK Stocks, Per title post-Extradition Bill W/drawal

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VanillaScoop
post Sep 17 2019, 07:16 PM

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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
post Sep 18 2019, 09:09 AM

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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.
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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
post Sep 18 2019, 01:24 PM

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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 !!!!!!!!!!
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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 sad.gif Is 8.15% the forecasted yield?

 

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