International Half-day Rise 1.67%cimb

The international 00709-HK Rose 1.67%, reported 1.83 Hong Kong dollars, a deal of HK $4.942 million, which won a big market in the early trading, and the index rose 0.59%.　　The unit was driven by a handful of bargain-buying, ignoring information from the SEHK that the Templeton Investment Fund had lowered its holdings from 8% to 7.97%. CIMB maintained the weaker-than-market rating, but set the target price from HK $1.42 to HK $1.55 as it moved up the target price-to-earnings ratio.　　The bank is expected to lower its earnings per share for the 2009-2011 fiscal year by 18.7%, 7.9% and 7.2% respectively, as the Asian operating environment is expected to remain difficult, given the deteriorating consumer confidence, the risk of a swine flu outbreak and adverse weather conditions. But the bank said that while the outlook for earnings was bleak, China's 4 May sales were disappointing, but the performance remained stable in other markets.