HK Hot Stocks: Propery plays rebound, airlines up

HONG KONG, April 1 (Reuters) - Here are some stocks on the
move in Hong Kong on Tuesday.

As of 0239 GMT, the blue-chip Hang Seng Index .HSI had
risen 1.86 percent, tracking gains on Wall Street and buoyed by
property and airline plays.

The China Enterprises Index of Hong Kong-listed mainland
companies .HSCE, or H shares, was up more than 2 percent.

STOCKS ON THE MOVE:

* Property stocks rebounded as investors looked for bargains
after recent lows. China Overseas Land & Investment Ltd (0688.HK: Quote, Profile, Research, Stock Buzz)
climbed 3.8 percent to HK$14.90. Hang Lung (0101.HK: Quote, Profile, Research, Stock Buzz) gained 5.6
percent to HK$29.10, and billionaire Li Ka-shing's property
flagship Cheung Kong (0001.HK: Quote, Profile, Research, Stock Buzz) gained 2.53 percent to HK$113.30

"The sector has recently fallen quite a lot as investors fear
there might not be more interest rate cuts," said Peter Lai,
director at DBS Vickers. "Now funds are chasing the laggards."

* Airline and energy stocks gained amid weaker oil prices.
Air China (0753.HK: Quote, Profile, Research, Stock Buzz) climbed over 3 percent to HK$6.78, China
Southern (1055.HK: Quote, Profile, Research, Stock Buzz) jumped 4.4 percent to HK$6.35, China Eastern
(0670.HK: Quote, Profile, Research, Stock Buzz) rose 3.81 percent to HK$4.09, and Hong Kong's dominant
carrier Cathay Pacific (0293.HK: Quote, Profile, Research, Stock Buzz) gained 3.5 percent to HK$15.84.

Sinopec Corp (0386.HK: Quote, Profile, Research, Stock Buzz) (600028.SS: Quote, Profile, Research, Stock Buzz), Asia's top refiner,
soared nearly 4.7 percent to HK$6.94.

Oil prices plunged $4 to below $102 a barrel on Monday as a
week of heavy fighting in Iraq's oil port city of Basra ended and
officials predicted a recovery in crude exports from the hub
within a day. U.S. crude CLc1 settled down $4.04 at $101.58 a
barrel after trading as low as $100.25, extending losses from
Friday. London Brent crude LCOc1 fell $3.47 to $100.30 a barrel.