Newsletter summary
Huatai Securities: excluding dividend taxVrarcadesnearmeThe AH premium may be reduced from 143to 138Securities Times e Company NewsVrarcadesnearmeHuatai Securities Research Daily pointed out that the current dividend tax policy on Hong Kong stocks mainly affects southward individuals and fund investors. On the basis of AH dual-listed constituent stocks, select those whose static dividend yield is more than 5%.Vrarcadesnearme.Vrarcadesnearme..
Text of news flash
[Huatai Securities: the AH premium excluding dividend tax may be reduced from 143to 138.The Securities Times e Company News, Huatai Securities Research newspaper pointed out that the current dividend tax policy for Hong Kong stocks mainly affects southward individuals and fund investors. Based on the dual-listed constituent stocks of AH, we select the constituent stocks with a static dividend yield of more than 5 per cent, and the south-central shareholding accounts for about 21 per cent. Among them, individuals and fund investors account for about 70 per cent of southbound positions, and these investors are affected by 20 per cent dividend tax (that is, the AH premium for this partial weight investors should be 1.25 times that without dividend tax); since then, using the AH premium of 2024.5.8 as a benchmark, it is estimated that the AH premium without dividend tax is about 138, and the impact on the valuation of H shares with high dividends is 4 per cent.
