The Avanti Group are advising clients on the increasing demand to hold securities as confidence in the Asian banking sector gains pace with dividends and share prices on the rise.
The Avanti Group the equities research house based in Tokyo, providing professional trading and investment research solutions to institutional and private investors across the globe have recently drawn their investor’s attention.
“Confidence is growing in the use of banking corporation share holdings as an investment vehicle in adding to investors diversified portfolio’s as dividend and share prices start to increase. We are seeing a rise in Asian bank stock holdings as investor’s confidence moves from local holdings to overseas,” said Andrew Taylor Senior Vice President of Mergers and Acquisitions at The Avanti Group.
Hang Seng Bank is a long standing listing on the Hong Kong Stock exchange and lends its name to its Hang Seng Index of top companies. It is currently trading at close to HK$120 and has given its shareholders a 14.1 percent return in the last trading year. The group’s revenue gained 15 percent last year reaching pre-tax profits of HK$22.11 billion, with further expansion in to mainland China adds the potential for massive growth. Their main areas of growth in Hong Kong have been in the credit card sector and expanding insurance divisions.
Hang Seng Bank may be an old corporation based in Hong Kong but they lead the way with new practices and are an innovative within their field. It was announced last month Hang Sang are introducing (NFC) Near field communication to Hong Kong, this will allow customers to use their Smartphone’s to pay for services all over the city by simply swiping their phone across the NFC reader. They have launched the service with 1000 outlets in many of Hong Kong’s best-known merchants such as Pacific Coffee, Japan Home Center, and Hung Fook Tong. By the end of the year there will be over 4000 outlets citywide, the SIM card credit card amalgamation is based on MasterCard’s PayPass technology and is set to introduce tens of thousands new account holders.
“Hang Seng Bank Directors have declared a fourth interim dividend of HK$2.00 per share, bringing the total distribution for 2012 to HK$5.30 per share, up from HK$5.20 in 2011. We are monitoring Hang Seng Bank; the stock holding has long-term investment potential and is well suited to clients wishing to receive an income as well as security for the future. The corporation displays all the right characteristics for long and profitable future, adapting to new sectors to ensure they are always on the cutting edge of new technologies, we will continue to analyze the situation at Hang Seng advising investors of the best strategy to suit their financial requirements,” concluded Andrew Taylor Senior Vice President of Mergers and Acquisitions at The Avanti Group.
The Avanti Group is an equity research house providing research and analysis outsourcing solutions for institutional financial traders worldwide, founded in early 2003.