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G Sachs: HSCEI Constituents Div Surprising; To Watch CNOOC, BANK OF CHINA on Results Today
Goldman Sachs, in its report, stated that over 70% HSCEI constituents have announced results successively in last few weeks. Large caps like SINOPEC CORP (00386.HK)  +0.140 (+2.074%)    Short selling $305.28M; Ratio 21.063%   , PETROCHINA (00857.HK)  -0.100 (-1.821%)    Short selling $111.13M; Ratio 15.524%   and PING AN (02318.HK)  -0.350 (-0.437%)    Short selling $2.75B; Ratio 32.110%   registered surprises in their dividends due to resilient profitability and improved dividend policy. The research house highlighted the healthy results of Chinese banks as well as widened NIM and lower NPLs.

Goldman Sachs continued to envision higher dividend declared by HSCEI constituents, on the ride of structural profit growth and better dividend payout, adding CNOOC (00883.HK)  -0.060 (-0.516%)    Short selling $121.76M; Ratio 16.526%   and BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $224.03M; Ratio 18.525%   are key stocks to watch ahead of results today.

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