Hopewell and industry rose 2.73% Nomura rating

Hopewell and Industrial (00054-HK) rose 2.73%, reported 24.50 Hong Kong dollars, deal 2.5187 million shares, the stock early disk basic synchronization big city, the index rose 2.77%. Nomura, which maintains its buying rating, also raised its target price from HK $29.50 to HK $31.30, before raising the expected value of net worth from HK $29.48 to HK $31.33, citing a recent pick-up in the property market in Hong Kong and the mainland, which the bank's real estate analysts continued to bullish. Although Hopewell is widely regarded as a defensive stock because of its large net cash holdings, the company is also a quasi-real estate unit, with 58% of its net worth derived from real estate business. Added that while Hong Kong and mainland real estate stocks had risen sharply in the past two months, they believed that Hopewell and industry lagged behind the rally in real estate stocks.