The MSCI Asia Pacific (excluding Japan) High Yield Index rose 6% in the second quarter, roughly matching the MSCI APAC index's performance of around 6.4%, while the bank strengthened its dividend model to yield 8.31% in the quarter, should the market continue to favour premium stocks and dividend stocks and run to beat the markets, according to a report from Morgan Stanley. And investor caution also drives the allocation of high-quality dividend stocks.

The bank lists the “Top Ten Enhanced Dividend Screen” shares for the Sub-Equity Third Quarter, all with an “upside” rating:

stake

IPO (03968.HK)

Medium Power (00002.HK)

China Petroleum (00857.HK)

Industrial (01398.HK)

Five Grain Liquid (000858.SZ)

Guangdong Computer (2382.TW)

Genting Singapore (GENS.SI)

RYU (2379.TW)

KT Corporation (030200.KS)

KT&G Corporation (033780.KS)

In addition, the Bank also lists the MSCI Index (excluding Japan) Dividend Enhanced Favored Stocks, among which Hong Kong listed stocks include:

stake

HUA RUN VIENTIANE LIFE (01209.HK)

NATIONAL MEDICINE (01099.HK)

Changjiang Infrastructure (01038.HK)

China Communications Services (00552.HK)

China Heavy Motors (03808.HK)

Zhongxing (00763.HK)

Hongqiao, China (01378.HK)

HUA RUN PHARMACEUTICALS (03320.HK)

Medium Power (00002.HK)

IPO (03968.HK)

Kunlun Energy (00135.HK)

Jiangxi Tong (00358.HK)

Montaux (02319.HK)

China Petroleum (00857.HK)

HUA RUN GAS (01193.HK)

HUA RUN LAND (01109.HK)

Midbank (03988.HK)

Industrial (01398.HK)

China Medium Duty (01766.HK)

Weichai Power (02338.HK)

New Olympic Energy (02688.HK)

Farming (01288.HK)