** Shares of Australia's HMC Capital rise as much as 2.3% to A$7.06
** Analysts at Bell Potter raise PT on the real estate and alternative assets manager to A$7.3 from A$7.05, and maintains "hold"
** Brokerage lifts earnings estimates on HMC in the range of 3% to 19% for FY24-26
** The asset manager announced energy transition fund on May 6 after market hours to raise up to A$2 bln ($1.31 bln)
** Update is positive and momentum is building in what is otherwise a challenging period for real estate - Bell Potter
** Stock has risen 12% this year, as of last close
($1 = 1.5221 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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