HK Hot Stocks: China Merchants Bank up, Kingdee down

HONG KONG, April 11 (Reuters) - Here are some stocks on the move in Hong Kong on Friday.

As of 0225 GMT, the blue-chip Hang Seng Index .HSI had risen 0.9. It opened up 1.05 percent.

The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, had risen 1.69 percent.

STOCKS ON THE MOVE:

* China Merchants Bank (3968.HK: Quote, Profile, Research, Stock Buzz), a major commercial bank, jumped as much as 6 percent after it estimated that net profit surged at least 140 percent in the first quarter of this year.

* China Construction Bank (0939.HK: Quote, Profile, Research, Stock Buzz) rose 2.5 percent as investors expect it to post strong earnings later in the day.

* China Coal Energy (1898.HK: Quote, Profile, Research, Stock Buzz) (601898.SS: Quote, Profile, Research, Stock Buzz), the country's No.2 coal producer, jumped nearly 5 percent after Citigroup upgraded it to buy from hold as it plans to sell more coal on the domestic spot market.

China Coal said on Thursday it is exploring investments in Australia and Indonesia while it doubles spending to ramp up production and feed the world's largest coal market.

* China's second-largest designer of software, Kingdee International Software Group Ltd (0268.HK: Quote, Profile, Research, Stock Buzz), fell as much as 8 percent after the company and its chairman sold up to $21.5 million worth of shares. (Reporting by Judy Hua; Editing by Anne Marie Roantree)