HK Hot Stocks - China Resources Ent slumps after Q3

HONG KONG, Nov 20 (Reuters) - At 0700 GMT, the benchmark Hang Seng Index .HSI was 5.7 percent lower at 12,090.31, with stocks across the board notching up hefty losses.

The China Enterprises Index of top locally listed mainland Chinese firms .HSCE had fallen 6.4 percent to 6,071.12.

Here are some of the stocks on the move in afternoon trade.

* Beer-to-meat consumer conglomerate China Resources Enterprises (0291.HK) was the biggest percentage decliner on the main index, tumbling 14.3 percent after it reported a 12 percent drop in third-quarter earnings on Wednesday.

The company, which owns China's top beer brewer, has been hit by slowing consumption as the world's fastest-growing economy comes off its blistering pace of growth.

* Local property counters plunged, beaten down by a slew of warnings from investment banks on further corrections in home prices as banks tighten lending.

Apartment prices in Hong Kong have fallen 12 percent, their biggest drop since 1998, since U.S. investment bank Lehman Brothers collapsed on September 15, plunging global credit markets into chaos, Nomura said in a research note on Thursday.

Sun Hung Kai Properties (0016.HK), the territory's leading property developer, slid 7 percent, while billionaire Li Ka-shing's Cheung Kong Holdings (0001.HK) gave up 5 percent. Hang Lung Properties (0101.HK) plunged 9.6 percent while Sino Land (0083.HK) shrank 10.7 percent. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)