BUZZ-Australia's HMC Capital gains; Bell Potter lifts PT and earnings estimates

Reuters05-08

** 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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