A 6%+ yield stock to wait out the market

$GUANGDONG INV(00270)$ Is one of the listed entity of the Guangdong provincial government.One of its main earner is water supply concession to HK and greater bay area. It's second largest income stream is prime properties in Guangzhou cbd, high occupancy. This " boring" stock is now yielding 6.5%, going ex-dividend on the 27th of June, paying 0.4254HKD (nearly 4.5%). In this volatile times, looks like asafe stock to park your money ( & earn dividends while waiting it out). Of course please do your own research. For me a water monopoly for now looks reasonably safe

# HKEX Stocks Opportunities

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  • patricklowck
    ·2022-06-15
    good to buy now??
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    • Mungerism
      I dont know your financial situation. I personally bought bcoz of the monopolistic water supply to HK ( stablle) & their assets in GZ also high quality . Boring but safe , please make own decision
      2022-06-16
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  • HarryCox
    ·2022-06-15
    What does the company do? Looks like it is in a falling trend technically,
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  • Innovator
    ·2022-06-15
    make sense.. "blue chip" REITs like can be another alternative
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  • WernerBilly
    ·2022-06-15
    Is it listed in Hong Kong?
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  • nandha04
    ·2022-06-16
    👌
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  • Kto
    ·2022-06-15
    Aww
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  • Boein3G
    ·2022-06-15
    v
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  • Boein3G
    ·2022-06-15
    v
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  • Mungerism
    ·2022-06-15
    Cool
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  • BeatriceChau
    ·2022-06-15
    👍🏻
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  • Joshyy
    ·2022-06-15
    Ty
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  • TanKY
    ·2022-06-15
    👍
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  • okkar
    ·2022-06-15
    👍
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  • Kelistine
    ·2022-06-15
    👍
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