The 2024 Dogs of the Hang Seng
Unveiling the 2024 Dogs of the Hang Seng: Who Are This Year’s High Yield Stars?
Start of the new year, we have a tradition of imaging the Dogs of the Dow concept on the Hong Kong Stock market. This will result into the 2024 Dogs of the Hang Seng.
As with all content on this website, this one also is no financial advise. Pure entertainment with numbers.
How does it work, The Theory
1 – On December 31, filter of all the Hong Kong Blue Chips the top 10 of companies that have the highest yield. (Based on dividends paid in the latest full completed financial year.)
2 – Of these 10, set aside HK$10.000 of each company. So you have HK$100.000 equally divided among the 10 Blue Chippers. This is highly un-practical and borders to un-doable. Still for making this portfolio run its numbers we take this way of calculating.
3 – On January 1 or the first day of trade in the new calendar year buy the companies that came out of the results of point 1 & 2
4 – For the coming year hold this portfolio and collect your dividends. Do not buy or sell your stocks. Challenging huh?
5 – On December 31 or the last day of trade in that year sell.
6 – Repeat the following year.
The running theory is, that Blue Chips are good profitable reliable companies that is a perfect world would go up. Or be better resistant against market crumbling events. High yield might indicate the value is in a right place and that there might be an extra income coming from dividends.
Find Out which of the Hong Kong Stocks Have Dividend Growth Potential—Skip Hours of Research |
Does this make some sense now?
So that being out there, may we present to you here and now, the 2024 Dogs of the Hang Seng:
Ticker | Company | Sector |
HKG:0316 | Orient Overseas International Ltd | Marine & Harbour Services |
HKG:0883 | CNOOC | Petroleum & Gases |
HKG:0017 | New World Development | Property Development |
HKG:1088 | China Shenhua | Coal |
HKG:0322 | TingYi | Non alcoholic beverages |
HKG:0960 | LongFor Group | Property Development |
HKG:0386 | Sinopec | Petroleum & Gases |
HKG:0939 | China Construction Bank | Bank |
HKG:0857 | PetroChina | Petroleum & Gases |
HKG:1398 | ICBC | Bank |
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