DividendFinal DPS was declared at HK$0.07/sh, representing a higher payout ratio of 35% that translates to 5.2% dividend yield per last closing price.
Presales PerformancePresales faring better than feared, with COGO's presales outperforming peers despite market concerns.
ValuationCOGO's valuation looks undervalued compared to its SOE counterparts, maintaining a BUY recommendation.