News Snapshot:
Hong Kong’s property developers are likely to declare higher dividends this financial year, according to a report from S&P. Twelve of them are forecast to pay out a combined US$25.2 billion, an increase of 13.3 per cent from a year ago, said the report. “We expect the industry leaders , especially the Hang Seng Index participants to remain resilient and pay stable-to-higher dividends for the rest of the [financial year], owing to more diversified asset portfolios and healthier liquidity ,” said Sophy Zhao, an analyst at S&P Global Market Intelligence. “Companies such as Henderson Land, New World Development, Sun Hung...
