Newsletter summary
[Huatai Securities: AH premium excluding dividend tax may be reduced from 143to 138] Securities Times e Company NewsCrashteamracingnitrofueledpcHuatai 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%.Crashteamracingnitrofueledpc.Crashteamracingnitrofueledpc..
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% of southbound positions, and these investors are affected by 20% dividend tax (that is, the AH premium for this part of the weighted investors should be 1.25 times higher than that without dividend tax).CrashteamracingnitrofueledpcSince then, using the AH premium of 2024.5.8 as the 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%.