Risk-On Appetite Boosts African Bonds After Middle East Truce
A gauge measuring the performance of African sovereign and quasi-sovereign dollar bonds jumped 1% on Wednesday, the most in nearly two months. This compares with a 0.6% gain for a broader sovereign bond index covering emerging markets.
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Wary diners shun restaurants, raising prospect of boost for retailers
By Paolo Laudani (Reuters) -Cash-conscious consumers choosing to eat in rather than dine out have raised the prospect of an upturn in earnings for supermarkets and food delivery firms, according to data, analysts and company executives. U.S. President Donald Trump's tariff policies have added to economic uncertainty, increased the likelihood of stubborn inflation and made consumers question whether restaurants are worth the expense. "I eat much more at home because first of all eating out is way more expensive lately, and quality is not always guaranteed," Marilena Graziano, a Florence-based teacher, told Reuters. Dutch retailer Ahold Delhaize, owner of the Food Lion and Giant stores in the United States, said earlier this month that it was increasing its offers tailored to low-cost eating in. "We have solutions for customers to have a very affordable meal of $2.50 per person at home with the family," Ahold's CEO Frans Muller said in an interview this month. "We have increased a lot of that proposition in our stores." The shift hints at a revival of the boom in eating at home during the COVID-19 pandemic when people could not go out. Home delivery companies such as Just made record sales, although they struggled once lockdown restrictions were lifted. Figures from Rabobank and Eurostat show that food retail sales volumes adjusted for inflation in supermarkets, hypermarkets and similar stores grew by 1.5% in the Eurozone between January and May this year. That compares with 0.1% growth over the same period last year. For food and beverage services, such as restaurants and bars, the metric fell by 0.3%. Last year's growth was flat at 0%. RESTAURANTS LAG The inflation-adjusted figures suggest that sales at supermarkets are recovering faster than at restaurants, especially for routine weekday meals, Rabobank's consumer foods sector analyst Maria Castroviejo told Reuters. Castroviejo cited the rising popularity of grab-and-go meals, salads, wraps, and sandwiches. "This offer has increased and improved a lot and we know that this is taking away some demands from certain foodservice players," she said. Delivery Hero, which owns Glovo and Foodpanda, said that consumers go out less during times of economic hardship, but will order in as a cheaper alternative. A survey of more than 5,000 U.S. adults commissioned by Hellofresh, a German meal-kit maker that makes most of its revenue in North America, showed 93% of them expect to cook as much as last year or more in the next year. Among those who plan to cook more at home in the next year, more than three-quarters say the economy is a factor. Visits to grocery stores have steadily outpaced those to restaurants and bars in the U.S., data from foot traffic tracking firm showed. The data showed visits to grocery stores grew by 1.3% year-on-year in June, while they fell 0.4% in the same months for restaurants. Jenny Russmann, who works for an international organisation in Vienna, is among those using supermarkets more. "I switched to eating at home a bit over a month ago due to wanting to just be healthier and especially also costs." In Milan, Chiara Schiavoni, employed at the regional administration, said she prefers to eat at home as prices rise and restaurants' portions shrink in Italy's financial capital. "I get seven-euro food vouchers at work and I can't even buy a sandwich, which costs around nine euros in restaurants around my office," she said. "On the other hand, I can use them in supermarkets where all in all it's more convenient." ($1 = 0.8566 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Asian Dividend Stocks To Consider In August 2025
As global markets react to inflation data and interest rate speculations, Asian stock markets are experiencing notable shifts, driven by easing trade tensions and strong economic indicators in countries like Japan and China. In this dynamic environment, dividend stocks can offer a stable income stream for investors seeking to navigate market fluctuations while potentially benefiting from the region's economic resilience. Top 10 Dividend Stocks In Asia Name Dividend Yield Dividend Rating Wuliangye YibinLtd (SZSE:000858) 5.09% ★★★★★★ Tsubakimoto Chain (TSE:6371) 3.73% ★★★★★★ Torigoe (TSE:2009) 4.61% ★★★★★★ NCD (TSE:4783) 4.62% ★★★★★★ Japan Excellent (TSE:8987) 3.94% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.43% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 4.06% ★★★★★★ GakkyushaLtd (TSE:9769) 4.41% ★★★★★★ DoshishaLtd (TSE:7483) 3.79% ★★★★★★ CAC Holdings (TSE:4725) 4.68% ★★★★★★ Click here to see the full list of 1068 stocks from our Top Asian Dividend Stocks screener. Here's a peek at a few of the choices from the screener. S.A.S. Dragon Holdings Simply Wall St Dividend Rating: ★★★★★☆ Overview: S.A.S. Dragon Holdings Limited is an investment holding company that offers electronic supply chain services across various regions, including Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, and Macao; it has a market cap of approximately HK$3.19 billion. Operations: S.A.S. Dragon Holdings Limited generates revenue primarily from the distribution of electronic components and semiconductor products, amounting to HK$27.76 billion. Dividend Yield: 7.9% S.A.S. Dragon Holdings offers a high dividend yield of 7.86%, placing it in the top 25% of Hong Kong dividend payers, though its dividends have been volatile over the past decade. Despite this instability, dividends are well-covered by earnings and cash flows with payout ratios below 50%. Recent board changes and a final dividend approval of HK$25 per share highlight ongoing shareholder focus, yet investors should weigh the historical volatility against current yield benefits. Get an in-depth perspective on S.A.S. Dragon Holdings' performance by reading our dividend report here. In light of our recent valuation report, it seems possible that S.A.S. Dragon Holdings is trading behind its estimated value. SITC International Holdings Simply Wall St Dividend Rating: ★★★★★☆ Overview: SITC International Holdings Company Limited is a shipping logistics company that provides integrated transportation and logistics solutions across Mainland China, Hong Kong, Taiwan, Japan, Southeast Asia, and internationally with a market cap of approximately HK$78.84 billion. Operations: SITC International Holdings generates revenue from its Transportation - Shipping segment, which amounts to $3.42 billion. Dividend Yield: 7.3% SITC International Holdings declared an interim dividend of HK$1.3 per share, with a history of volatile dividends over the past decade. Despite this, the current payout ratio of 71.3% ensures dividends are covered by earnings and cash flows at an 81.9% cash payout ratio. Recent earnings growth to US$630 million for H1 2025 supports dividend sustainability, though future earnings are projected to decline. The dividend yield remains attractive within Hong Kong's top quartile payers. Dive into the specifics of SITC International Holdings here with our thorough dividend report. Our expertly prepared valuation report SITC International Holdings implies its share price may be lower than expected. Consun Pharmaceutical Group Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Consun Pharmaceutical Group Limited focuses on the research, development, manufacturing, and sale of Chinese medicines and medical contrast medium products in the People's Republic of China, with a market cap of HK$12.33 billion. Operations: Consun Pharmaceutical Group's revenue is derived from its Consun Pharmaceutical Segment, generating CN¥2.53 billion, and the Yulin Pharmaceutical Segment, contributing CN¥442.84 million. Dividend Yield: 4% Consun Pharmaceutical Group announced an interim dividend of HKD 0.33 per share, reflecting a stable payout ratio with dividends covered by earnings at 50.8% and cash flows at 46.3%. Despite a history of volatile dividends, recent earnings growth to CNY 498.3 million for H1 2025 enhances sustainability prospects. Trading below estimated fair value offers potential upside, though the dividend yield remains modest compared to top payers in Hong Kong's market. Navigate through the intricacies of Consun Pharmaceutical Group with our comprehensive dividend report here. The valuation report we've compiled suggests that Consun Pharmaceutical Group's current price could be quite moderate. Seize The Opportunity Explore the 1068 names from our Top Asian Dividend Stocks screener here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Want To Explore Some Alternatives? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:1184 SEHK:1308 and SEHK:1681. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
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28 minutes ago
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Top 3 HK Singapore Depository Receipts to Watch on SGX
As the world becomes more globalised and financial markets evolve, investors are looking beyond local stocks. Now, it is more convenient than ever for Singaporean investors to tap into Hong Kong or Thai-listed companies through Singapore Depository Receipts (SDRs) on the Singapore Exchange (SGX: S68), or SGX. Zooming into the Hong Kong space, here are three Hong Kong SDRs that we have singled out for their growth potential and strong earnings. Semiconductor Manufacturing International Corporation (SGX: HSMD) Semiconductor Manufacturing International Corporation or SMIC is one of the world's largest semiconductor producers specialising in advanced chip manufacturing. In the second quarter of 2025 ending 30 June 2025 (2Q 2025), SMIC reported a growth in revenue of 16.2% YoY to US$2.2 billion. There was a fall in net profit in 2Q 2025 as compared to the same quarter of the previous year. However, this is not due to inefficiencies in its business model as the fall mainly came from the plunge in non operational income streams. In fact, SMIC's profits from operations surged by 72.9% YoY to US$151 million. This surge can be attributed to a climb in wafer shipments by 13.2% YoY to 2.4 million. Moreover, the facility's utilisation rate saw a boost by about seven percentage points to 92.5%. On 5 June 2025, SMIC announced that they sold a 14.8% stake in its subsidiary, SMIC Ningbo, to Shenzhen-based Goke Microelectronics. This sale provides the firm with more capital for research and development and to focus on high-end chip manufacturing. Inc (SGX: HJDD) is one of China's biggest supply chain solutions and e-commerce companies. In 1Q 2025, JD reported an increase in revenue of 15.8% YoY to RMB301.1 billion. The firm also saw net profit rise by 53.5% YoY to RMB10.9 billion. Management stated that this robust performance was driven by improved consumer sentiment and continued enhancement in JD's offerings. JD's retail segment deepened its partnership with digital product manufacturers like Xiaomi (SGX: HXXD). These collaborations are aimed at product innovation to improve user experience and provide more intelligent product offerings. In JD's healthcare segment, the company also rolled out its medical AI applications. JD Health Online Hospital saw more than 80% of its medical service aided by AI and achieved a customer satisfaction rate of 91%. On 30 July 2025, JD announced a voluntary public takeover offer to acquire Ceconomy AG. Ceconomy AG is the parent company of some of Europe's largest consumer electronic retailers MediaMarkt and Saturn. This acquisition helps to establish as a leading omni-channel platform for next-generation consumer electronics in Europe. Alibaba Group (SGX: HBBD) Alibaba is a China-based global tech powerhouse specialising in cloud computing services and e-commerce. In the fourth quarter of fiscal year 2025 ending 31 March 2025 (4Q FY2025), Alibaba reported a revenue growth of 7% YoY to RMB236.5 billion. Furthermore, the company saw a 13-fold YOY rise in net profit to RMB12 billion. Although this surge is mainly from successful equity investments, Alibaba still delivered strong earnings from its business operations. The Alibaba International Digital Commerce Group (AIDC) was one segment that performed especially AIDC group saw a 22% YoY uptick in revenue to RMB33.6 billion. This uptick was from a higher volume of cross-border businesses and improved operational efficiency. Aliexpress and Trendyol, two of the e-commerce platforms under AIDC, were also expanding their product offerings and breaking into different markets. For 4Q FY2025, the Cloud Intelligence Group was also a contributor to the firm's overall performance with a climb in revenue of 18% YoY to RMB30.1 billion. This increase was contributed by the boost in the adoption of AI-related products. In April 2025, the group released Qwen3, a new generation hybrid AI reasoning model. This model gave enterprises and developers an efficient and cost effective way to create new applications. On 27 May 2025, Alibaba Group announced a partnership with SAP SE (NYSE: SAP). SAP provides enterprise software for businesses to aid them in their digital transformation efforts. The partnership involves integrating SAP's Integrated Business Planning tools into Alibaba's cloud infrastructure and AI capabilities. This is so that businesses who use the platform will get better quality and personalised enterprise software services. For Alibaba, this partnership helps to expand its enterprise client base and establish itself as a key enabler of digital transformation. Get Smart: Seizing opportunities with leading China companies These three Hong Kong SDRs offer a gateway for Singapore investors to diversify their portfolios. With a solid footing in emerging technology and e-commerce, these companies are set to benefit from China's growing global presence. Smart investors should keep an eye on these stocks to stay connected to the broader investment landscape. How do rich Singaporeans invest when volatility hits? They turn to companies with cash, history, and discipline. This free report highlights 5 blue chips that deserve your attention. Get your copy here and see who made the list. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Gabriel Lim does not own shares in any of the companies mentioned. The post Top 3 HK Singapore Depository Receipts to Watch on SGX appeared first on The Smart Investor. Sign in to access your portfolio
