HONG KONG, Dec 3 (Reuters) - Hong Kong stocks are expected to 
to rise on Monday, with local property stocks likely to lead the 
way on expectations of further interest rate cuts this month. 
    "It will be a fresh start for December and sentiment is seen 
to have improved after a market crash in November," said Francis 
Lun, a general manager from Fulbright Securities.  
    "The index may go up a couple of hundred points, with the top 
side seen at around 29,000 as weakness in A-shares will cap the 
upside of local Chinese stocks." 
    Brokers said interest rate-sensitive stocks such as property 
were likely to be in demand, while weakness in mainland-listed A 
shares would prevent investors from taking aggressive positions 
in Chinese companies listed in Hong Kong, or H shares. 
 The benchmark Hang Seng index <.HSI> closed up 0.6 percent, 
or 161.07 points, at 28,643.61 on Friday. For November, the 
benchmark Hang Seng Index <.HSI> ended down 8.6 percent, just 
short of a loss logged in March 2004. 
    The China Enterprises index of H shares <.HSCE>, or Hong 
Kong-listed shares in mainland companies, gained 1 percent, or 
164.36 points, to 17,178.49 for a monthly loss of 14.5 percent, 
its worst since April 2004. 
    STOCKS TO WATCH: 
    * China National Resources <0661.HK> said it would buy 55 
percent of Xinjiang Mining, which holds mining rights of Sa Re 
West Copper Mine and the Guo En De Copper Mine in Xinjiang in 
China for HK$1.45 billion (US$185.9 million). 
http://main.ednews.hk/listedco/listconews/sehk/20071130/LTN200 
71130381.pdf 
    * Chinese developer Shui On Land Ltd <0272.HK> said on Friday 
it won a bid for a plot of land in China's southern city of 
Foshan for 7.5 billion yuan ($1.02 billion) for redevelopment. 
[ID:nHKG352884] 
    * Sinopec Shanghai Petrochemical Co Ltd <0338.HK> said on 
Friday its state-owned parent, Sinopec <SNP.N><0386.HK>, had 
revived a national share reform proposal for the company after a 
failed attempt last year, dashing hopes that the parent will take 
Shanghai-based unit private. [ID:nHKG280824] 
    FACTORS TO WATCH: 
* Japan Hot Stocks- Steel makers jump after output report    [.T] 
* Dow, S&P 500 gain on housing plan, Fed; Nasdaq dips        [.N] 
* STOCKS NEWS ASIA-Market factors, main events     [STXNEWS/ASIA] 
* Oil rebounds from worst week ever; OPEC guarded           [O/R] 
* Dollar rallies on mont-end deals, yen stumbles           [USD/] 
* For upcoming Hong Kong events, click on              [HK/DIARY] 
* For Hong Kong press digest, click on                 [PRESS/HK] 
    KEY HK ADR MOVERS (by % change) 
    China Unicom     <CHU.N><0762.HK>  +6.01 
    China Mobile     <CHL.N><0941.HK>  +1.39 
    HSBC Holdings    <HBC.N><0005.HK>  +2.16 
    China Life       <LFC.N><2628.HK>  +0.72 
    Chalco           <ACH.N><2600.HK>  +0.60 
  (US$1=HK$7.8) 
  (Reporting by Donny Kwok; editing by Anne Marie Roantree) 
  (([email protected]; +852 2843 6441; Reuters Messaging: 
[email protected])) 
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Keywords: MARKETS HONGKONG STOCKS PREOPEN