Forget Hong Kong-listed technology stocks.
Investors are so caught up in overvalued tech stocks they have plain forgotten some of Hong Kong’s most profitable, high yielding blue-chips.
In my opinion, these three high-yielding dividend Hong Kong blue-chips have dominated the finance, property and telecommunications industries and continue to be profitable in Asia.
China Mobile Ltd (SEHK: 0941)
China Mobile is one of the largest publicly traded telecommunication operators (telco) in the world.
Today, China Mobile dominates 59% of the total wireless market and 44% of the fixed-line broadband market in China with its massive 946 million subscribers. This number is far larger than the total subscribers of the “Big Three” US telco providers — AT&T, Verizon and T Mobile combined.
Telco is a “boring” business as its subscribers are probably the most stable customers.
The thing is, you need to be connected to the internet, whether it’s calling someone, buying things...