Northeast Securities: China Hongqiao (01378.HK) stands out in dividend attractiveness, first rating it as "Buy" with a target price of 42 Hong Kong dollars.

According to the Wise Wealth APP, on May 8, Northeast Securities released a research report stating that for the first time covering China Hongqiao (01378.HK), they have given a "buy" rating with a target price of 42 Hong Kong dollars, benchmarking a 26-year dividend yield to 6%. It is expected that the company's net profit attributable to the mother from 2026 to 2028 will be 34.2 billion, 37.6 billion, and 38.6 billion respectively, corresponding to PE ratios of 8.5, 7.7, and 7.5 times. If a dividend payout ratio of 64% is used, the corresponding dividend yields will be 7.6%, 8.3%, and 8.5%.