Watch out for these high yielding blue chip stocks

SINGAPORE (Oct 7): Property group Hongkong Land has climbed into KGI Securities' high dividend watchlist after a recent sell-off, as the research house made "key changes" to its watchlist.

“[Hongkong Land’s] current price is too cheap to ignore,” says analyst Joel Ng in a report on Monday. “HKL offers a 4.1% forward dividend yield and trades at a massive 66% discount to its book value, the cheapest valuation it has traded at in more than 10 years.”