The US group rose 2.12% and the target price to HK $5.4

The United States Union Group (01200-HK) is now up 2.12%, reported 4.33 Hong Kong dollars, a deal of HK $18.5996 million, the stock is now basically synchronized big city, the index rose 2.1%. Daiwa raised the share rating from holding to stronger than the market, while also raising its target price of 6 months from HK $4.25 to HK $5.40.　　The bank believes the recent pullback is an opportunity, as the trend towards higher wealth flows to the residential property market is already apparent in Hong Kong, and the recent slowdown in these activities is unlikely to be serious. Daiwa also said the United States has performed very well in the first half of 09 and expects further increases in trading volumes in the future. The US-union group's net profit forecast for fiscal year 09-11, 18%-53%;09, is now 12 times times the target for the fiscal year, which is HK $0.60 per share.