STOCKS | Longfor Falls 2.6% After UOB Kay Hian Cuts Target Price

Longfor Group (00960) fell 2.6% to HK$6.065, with about 3.27 million shares traded for HK$19.89 million, according to ETNet. UOB Kay Hian cut its target price on the stock to HK$8.76 from HK$10.12, a 13.44% reduction, and kept a Buy rating. The Hang Seng Index was down 21 points at 25,295, while the Hang Seng China Enterprises Index fell 13 points to 8,384 and the Hang Seng Tech Index slipped 21 points to 4,433. Current-month Hang Seng Index Futures rose 20 points to 25,246, at a discount of 49 points. Current-month Hang Seng China Enterprises Index Futures fell 1 point to 8,368, at a discount of 16 points. Current-month Hang Seng Tech Futures dropped 18 points to 4,436, at a premium of 7 points.