HK Hot Stocks: Sinoma jumps in debut, coal plays up

HONG KONG, Dec 20 (Reuters) - Here are some stocks on the move in Hong Kong on Thursday:

As of 0238 GMT, the blue-chip Hang Seng Index .HSI was down 0.1 percent, erasing earlier gains.

The index opened flat at 27,034.60.

STOCKS ON THE MOVE:

* New issues

China National Materials Company Ltd (Sinoma) (1893.HK: Quote, Profile, Research, Stock Buzz), the world's largest cement engineering service provider, had traded between HK$6.01 and HK$6.38 by 0231 GMT for a gain of between 34 to 42 percent from its offering price of HK$4.50.

Chinese handset component maker BYD Electronic (0285.HK: Quote, Profile, Research, Stock Buzz) had traded between HK$10.68 and HK$11.28, for a gain of up to 5 percent above its HK$10.75 IPO price.

Vietnam Manufacturing & Export Processing (Holdings) Ltd (0422.HK: Quote, Profile, Research, Stock Buzz), one of the country's leading makers of scooters and motorbikes, had traded between HK$3.4 and HK$3.59 for a loss of up to 12 percent from its HK$3.75 IPO price.

* Coal stocks gain on news that mainland utilties will pay more for thermal coal in 2008 while the global demand outlook for coal next year was strong.