Goldman Sachs proposed buying Shangri-La (Asia) (0069.HK) to raise the target price from HK$19 to HK$20. Goldman Sachs said 54% of Shangri-La's revenue comes from the Greater China business, of which about two-thirds are business travelers, indicating that it can benefit from increased business travel and an increase in hotel rent revenue between China and Hong Kong, and raised its earnings per share forecast for the 10-12 year period to 0.07/0.1/0.12 to 0.07/0.1/0.12. Also, the bank gave a neutral rating to the hotel (0045.HK), and the target price was raised from HK$12.5 to HK$13. Shangri-La dropped 0.74% to HK$13.34 yesterday; major hotels surged 15.25% yesterday to close at HK$13.00.