{I-bank focus}HSBC raises China Overseas (00688) to HKD16.5

  HSBC raised the target price for China Overseas (00688) to HKD16.5 from HKD13.4 and upgraded the rating to "buy" from "hold".
  The research house said it upgrades the rating as the market's attention shifts back to property sales and tier-1 resilience, embracing the market-recovery narrative.