Lyon H&H (0737.HK) was rated to hold. The target price rose from HK$4.61 to HK$5 until the end of December. Hopewell Highway Infrastructure's 2012 interim net profit increased 16% year-on-year to HK$571 million, and the interim interest rate per share increased by 12.5% to HK$0.18, with an annualized interest rate of nearly 8%. According to Lyons Securities, Hopewell Infrastructure's performance is better than market expectations. Although there are no major short-term favorable factors, high interest rates are attractive.
里昂升合和基建(0737.HK)评级至持有，目标价升至5港元
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