An investment theme based on shareholder returns is taking shape in China, Goldman Sachs released a research report saying. Listed Chinese companies returned over RMB2 trillion to shareholders through dividend and buybacks in each of the past 3 years.
Goldman Sachs was bullish on the theme, and constructed a China shareholder returns portfolio that include companies with stable cash flow generation, dividend or buyback surprise candidates, and select central or state-owned enterprises (SOEs).
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The portfolio includes ICBC (01398.HK) -0.040 (-0.885%) Short selling $845.98M; Ratio 32.579% , BANK OF CHINA (03988.HK) -0.030 (-0.789%) Short selling $453.89M; Ratio 36.092% , CM BANK (03968.HK) -0.350 (-0.999%) Short selling $148.00M; Ratio 19.841% , PICC P&C (02328.HK) +0.020 (+0.201%) Short selling $16.99M; Ratio 6.648% , TENCENT (00700.HK) -5.600 (-1.468%) Short selling $1.26B; Ratio 12.815% , JD-SW (09618.HK) -1.000 (-0.913%) Short selling $393.54M; Ratio 25.649% , BYD COMPANY (01211.HK) -1.000 (-0.423%) Short selling $324.63M; Ratio 22.327% , YUM CHINA (09987.HK) -1.400 (-0.560%) Short selling $63.29M; Ratio 6.354% , ZTO EXPRESS-W (02057.HK) -3.100 (-1.871%) Short selling $13.06M; Ratio 7.358% and TONGCHENGTRAVEL (00780.HK) -0.120 (-0.776%) Short selling $17.25M; Ratio 6.440% , etc..
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-21 16:25.)
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