Cheung Kong Property rises 5.9% on debut day
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Hong Kong
CHEUNG Kong Property Holdings closed at HK$74.10 on its first trading day in Hong Kong after being spun off from billionaire Li Ka-shing's conglomerate.
That's 5.9 per cent higher than the opening price of HK$70 and compares with a target price of HK$88 set by Deutsche Bank AG. Jefferies Group LLC gave a target price of HK$80 while CLSA put it at HK$74.
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