Within China, the Pearl River Delta region is an economic powerhouse in its own right. It is home to multiple major companies. Investing in these companies could benefit long-term investors. Here are 3 attractive dividend stocks with strong exposure in this region.
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#1 Ajisen (China) Holdings Ltd
Ajisen (China) Holdings Ltd (538.HK) is the exclusive franchisee of the Ajisen Ramen brand from Japan. It operates 770 Ajisen Ramen fast-casual restaurants in mainland China and Hong Kong. For the first half of the year, revenue grew 6% year-on-year to RMB 1.2 billion. Profit attributable to shareholders decreased by 28.6% to RMB 87 million due to increased depreciation and higher staff costs. The stock has a high dividend yield of over 6%, beating many of its rivals.
#2 China Mobile (941.HK)
Headquartered in Hong Kong, China Mobile (941.HK) is a service provider in information and communications technology, data communications, and broadband. China Mobile will play a major role in the 5G revolution in China, making it an excellent buy for investors looking to benefit from this trend. The company’s 5G network to the public would be a source of additional revenue. The stock currently has a dividend yield of around 4.6%.
#3 Guangzhou Automobile (2238.HK)
Guangzhou Automobile (2238.HK) is an automobile manufacturer based in Guangzhou. The company is increasing automobile production to target China’s growing middle class which now like to buy more SUVs. The company has also established joint ventures with foreign manufacturers including Toyota, Honda, and Isuzu. The stock has a dividend yield of 4.8%.