HSBC Holdings (0005), which is caught in a bad relationship between China and the West, has been asked by its major shareholder Ping An Insurance (2318) to spin off its Asian business.
The only thing that happens is that the house leaks when it rains at night. The long-term shareholder of the stock and the Hong Kong Medical Association, which has held shares for more than 30 years, said that in view of the unstable dividend distribution of HSBC in recent years, it has gradually sold out about 200,000 foreign exchange shares it once held earlier than last year. It changed the previous strategy of putting all eggs in the same basket and switched to several other high-yield Hong Kong stocks and RMB fixed deposits.
The former chairman Cai Jian has also sold off his HSBC shares.
Former chairman Cai insisted that he had sold off his HSBC shares held by him.
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If the stable dividend is restored, it does not rule out "turning the pocket"
The Medical Association cleared HSBC last year, and the news was reported by local media this morning.
Yang Xiehe, the volunteer treasurer of the association, said in an interview with Hong Kong 01 that he was disappointed with the performance of HSBC, saying that he could not see a clear prospect. Different challenges, if it can restore a stable dividend policy in the future, it will consider re-entering the market to hold.
At present, the Medical Association has invested the funds obtained from selling HSBC in several high-yielding stocks and RMB time deposits. The total interest income is similar to that of HSBC when it normally pays dividends, so that the Medical Association can continue to operate smoothly.
The Medical Association has invested in HSBC for more than 30 years. In the early years, when HSBC's dividend policy was normal, the annual dividend could be as high as 800,000 yuan to support member activities, and members could even be exempted from paying membership fees. Yang Xiehe said: "If there is no more For normal dividend income, it is necessary to seek other ways to raise funds, such as collecting membership fees, which is not the original intention of the Medical Association.”
In the past, HSBC has paid an annual dividend of US$0.51 per share, which is equivalent to nearly 4 yuan per share. After the outbreak of the new crown epidemic, it even tried not to pay dividends. However, in recent years, even after resumption of dividends, it has shrunk significantly. Last year's dividend was only 1.95 yuan. In Hong Kong dollars, the current price is about 48 yuan, and the dividend yield is about 4%.
HSBC Holdings (0005) was recently requested by its major shareholder Ping An Insurance (2318) to spin off its Asian business.
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Investing in a number of dividend-only stocks, saying that the current market situation is still unclear
The Medical Association sold HSBC in batches last year, at a level of about 40 to 50 yuan. Although it was lower than the purchase price in the early years, plus the dividend income, there was no loss in the book.
Cai Jian, the former chairman, said that it was a unanimous decision of the members of the Medical Association to sell off HSBC, and that individuals themselves have invested in and held HSBC for a long time, but they had already sold off HSBC one or two years ago, which is about the same time as the Medical Association. At the level of about 50 yuan, there is no book loss as a whole.
If 200,000 shares are used and the selling price is RMB 50, the medical association will be able to cash out about RMB 10 million in cash.
Yang Xiehe pointed out that the current investment strategy is to diversify investment and choose RMB time deposits. In addition to the higher interest rate than ordinary Hong Kong dollar time deposits, they are also optimistic about their own appreciation potential. As a short-term fixed deposit.
The few dividend-paying stocks newly invested are Hong Kong-listed stocks, and the stock prices of these stocks have remained largely stable due to recent market fluctuations.
Yang Xiehe said that there are still many uncertainties in the market that need to be digested, including the Russian-Ukrainian military and the Sino-US trade conflict. Hong Kong's consumption has recovered after the fifth wave of the epidemic, but the haze of the sixth wave of the epidemic still exists. The short- and medium-term investment strategy will not change much, and in the future, when the market conditions are stable, we will reconsider whether to increase the proportion of stock investment.
In fact, when HSBC announced the cancellation of dividends about two years ago, the Medical Association had already begun to worry that the suspension of dividends would affect the organization's activities, and "announced" whether to sell and invest in stocks with interest income.
In an interview with "Hong Kong 01" that year, Cai Jian bluntly stated that he was psychologically prepared for the cancellation of the dividend, "but I feel disappointed and lost", so most of the personal holdings have been sold.