Letter and home purchase half a week up 2.23% credit rating weaker than the market

The shares rose 2.23% to 14.70 Hong Kong dollars, a deal of HK $184 million, after a surge of interest in the market response to its housing sales, which rose 2.77% in early trading.　　Credit Suisse, which maintained its weaker-than-market rating, also lowered its target price from HK $7.55 to HK $7.52 as a slight reduction in net assets per share from HK $11.62 to HK $11.57. The bank said the Silver Lake project had sold more than 60% per cent, averaging HK $5500/square feet, which was 4% higher than the Credit Suisse forecast. The successful launch of the project was a strong motivator for the past week's letter and property prices. But it added that the stock had a downside risk because the market could digest too much good news because of the liquidity push.