DBS published a report listing high-yield state-owned enterprises selected through top-down screening, based on a list of stocks with improving metrics under new Key Performance Indicators (KPIs). Currently, only Hong Kong stocks are listed:

Stock │ Investment Rating │ Forecast Dividend Yield for This Year

Sinopec (00386.HK) │ Hold │ 7.43%

COSCO Shipping Holdings (01919.HK) │ Hold │ 7.14%

COSCO SHIP ENGY (01138.HK) │ Buy │ 9.72%

CHINA POWER (02380.HK) │ None │ 6.5%

China Communications Construction Company (01800.HK) │ None │ 7.03%

CHINA RES POWER (00836.HK) │ Buy │ 6.35%

PetroChina (00857.HK) │ Buy │ 7.66 cents

BOC HONG KONG (02388.HK) │ Buy │ 6.72 cents

Huaneng (00902.HK) │ Buy │ 6.7 cents

CNOOC (00883.HK) │ Buy │ 7.99 cents

China State Construction Engineering Corporation (03311.HK) │ No │ 6.04 cents

China Construction Bank (0939.HK) │ Buy │ 6.3 cents

China Mobile (00941.HK) │ Buy │ 6.53 cents

(wl/u)

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