sitc (01308) rose nearly 7% during the trading session, as of the press release, increased by 6.4%, trading at 20.45 Hong Kong dollars, with a turnover of 0.147 billion Hong Kong dollars.
According to the Wisdom Financial News APP, sitc (01308) rose nearly 7% during the trading session, as of the press release, increased by 6.4%, trading at 20.45 Hong Kong dollars, with a turnover of 0.147 billion Hong Kong dollars.
On the news front, sitc announced at noon today that the board of directors will hold a meeting on October 23 to consider and approve the distribution of special dividends. It is reported that the company previously announced a distribution of 70% of mid-term dividends, consistent with the dividend rate in 2023.
Previously, Morgan Stanley mentioned at the third quarter board of directors meeting that a decision would be made on whether to pay special dividends. If the decision is made to distribute, it will be announced together with the third quarter business data. The bank raised sitc's earnings per share forecast for each year from 2020 to 2026 by 20%, 10%, and 12%, while also raising the dividend payout ratio from 70% to 95%, considering the strong cash flow this year and the expected decrease in capital expenditure from 2022 to 2026. special dividends are expected to be paid each year from 2020 to 2026.