HK Hot Stocks - China Life leads, CNBM slips
HONG KONG, Aug 27 (Reuters) - At 0232 GMT the benchmark Hang Seng Index .HSI was up 0.8 percent at 21,211.40.
The China Enterprises Index .HSCE of top locally listed mainland Chinese firms was 1.5 percent higher.
Here are some of the stocks on the move-
* China Life (2628.HK) advanced 3.5 percent, leading gains on the main index and adding to the previous session's rally after reporting forecast beating earnings late Monday. The stock had dropped to a one month low ahead of its earnings announcement.
- - - -
* Tsingtao Brewery (0168.HK), China's best known beer brand, which has soared 22 percent since announcing a 42 percent increase in first half net profit last week, moved up 5.5 percent on Wednesday. The stock had fallen a 16 month low just ahead of its earnings announcement.
- - - -
* China COSCO Holdings Co Ltd (1919.HK), the listed flagship of the country's premier shipping conglomerate, climbed 1.5 percent after doubling its first half earnings to 15.12 billion yuan. The net beat an average forecast of 13.9 billion yuan from three analysts polled by Reuters.
- - - -
* China National Building Materials (3323.HK) slipped 3.1 percent after posting a lower-than-estimated 112.8 percent increase in net profit for the first half. Merrill Lynch said CNBM's net profit was 12 percent below its estimate and attributed it to lower lower profits at its Nanfang Cement unit.
($1=6.833 Yuan)
($1=7.805 Hong Kong Dollar)
(Reporting by Parvathy Ullatil; Editing by Keiron Henderson)
