Dividends of more than 3% of the dividend should not be too optimistic about the dividend

Hong Kong property market is still no shortage, Hang Lung Department Chairman Chen Qizong refers to the short-term is still optimistic about the property market, because the government can not be said in a year or so launched a large number of land, but in recent years, the property market has become increasingly unable to bear, so the government will have more Multi-land sale, then the property market will be able to return to normal levels.

Short-term is still optimistic about Hong Kong and Hong Kong more difficult to bear

Due to the decrease in interest income and the decrease in capitalization of interest expense, Hang Lung Properties (00101) decreased its basic net profit by 4% to 3.04 billion yuan in the first half of the year, while the interim interest rate remained at 0.17 yuan. Hang Lung Group (00010) basic net profit also fell 3% to 1.81 billion yuan, leaving 0.19 yuan in the same interest rate unchanged.

China and Hong Kong have a large number of soil storage “row to do”

The market is looking forward to Hang Lung to increase dividend, but Chen Qizong said that over the past 20 years, each dividend is higher than the earnings per share, mainly due to believe that the proceeds of the sale of cash can be withdrawn, but the future can reduce the sale of property, There are 3 to 4%, so the dividend policy will be tied to the recurring income. “In the foreseeable future should not be too optimistic about the dividend.”

Chinese investment this year to actively buy land in Hong Kong, part of the land transaction price was so high. Hang Lung Executive Director Chen Wenbo said that the Group has participated in the past, the future depends on whether the project is appropriate to bid.

Chen Qizong added that the investment in Hong Kong investment is no harm, others will use high prices to vote to congratulate him, I believe that time can explain everything, temporarily see the odds of high investment projects, the Group has no intention of joint venture with other consortia, Stressed that the hands of the group still have a lot of land storage, if the full development of the need for tens of billions of dollars of funds, “there is a row we do.” He also pointed out that China and Hong Kong are politically pursuing a one country, two systems, but they should be economically integrated like the EU and that Hong Kong people should broaden their horizons and minds.