Tech, brokerage, healthcare plays seen raising dividends

April 20, 2015 10:35
Investors should pay more attention to cement makers as industry consolidation in China is already winding up. Photo: Bloomberg

Healthcare, securities brokerage and technology shares have better prospects this year in view of the expected high dividend growth in these sectors, Leon Tucker, Fidelity's head of equity research for Asia Pacific, said.

Tucker, however, warned of downward adjustments and shrinking payouts in the energy sector, the Hong Kong Economic Journal reported Monday.

He also said restrictions on the mainland individual traveler scheme will hit local retail plays, which are already weighed down by the increasing popularity of online sales.

On the other hand, rising demand for daily necessities as well as telecommunication and technology products will mean higher dividends for related counters, he said.

Brokerages and asset management firms are also expected to continue gaining from the stock market rally.

Meanwhile, cement makers may be worth of more attention from investors as industry consolidation is already winding up, Tucker added.

Translation by Vey Wong

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