* HSI +0.9 pct, H-shares +1.5 pct
* Hong Kong may report 1 percent economic growth last year,
says financial services secretary
* Chinese real estate stocks rebound from last week's losses
* Macau gambling stocks rise after record daily visitors
HONG KONG, Feb 14 (Reuters) - Hong Kong shares gained on
Thursday, led by property and financial stocks, as investors
looked for bargains after heavy selling last week.
Investors shrugged off comments from the territory's
financial services secretary that Hong Kong will report economic
growth of just 1 percent for 2012, its slowest since 2009.
The Hang Seng Index ended up 0.9 percent at 23,413.25
points, rebounding from its sharpest weekly loss in three months
last week. The China Enterprises Index of the top
Chinese listings in Hong Kong gained 1.5 percent. But turnover
remained weak with many traders still away for the holiday.
Thursday was the first day of trade for Hong Kong this week
after the long Lunar New Year holiday. Mainland Chinese markets
are shut for the entire week and will resume trading on Feb. 18.
"It's just technical factors because everybody expects that
the market opening higher would be good for the year," said Ben
Kwong, chief operating officer at securities house KGI Asia.
"We still have to see whether this rebound can be
sustainable," said Kwong, adding that some investors have
already taken profits due to a lack of confidence after rotating
into stocks that have underperformed the rally from lows late
Chinese real estate stocks gained as worries over fresh
property curbs eased.
China Overseas Land rose 2.5 percent, while China
Resources Land climbed 3.3 percent.
"They were over-sold prior to the Chinese New Year holiday
so today we see some bargain hunting in the leaders of the
sector," said Jackson Wong, Tanrich Securities equity
vice-president for equity sales in Hong Kong.
Wong said the rebound should be moderate as housing policies
remained uncertain before China's leadership transition in
Macau gambling stocks rose after the territory posted record
visitor arrivals from mainland China this week. Sands China Ltd
was up 2.2 percent, while Galaxy Entertainment Group
Ltd jumped 3 percent.
Financial stocks were boosted by better-than-expected China
January loan data reported just before to the holiday.
Shares in Bank of Communications rose 2.3 percent,
while Industrial and Commercial Bank of China, the
world's biggest bank, gained 2.5 percent.