HONG KONG, Oct 20 (Reuters) - Hong Kong stocks are set to open 0.27 percent higher on Tuesday as stronger overseas markets, optimism over corporate earnings, and China's upbeat outlook that it is on course to achieve its growth target gave investors confidence for further upside potential.
Chinese supermarket chain operator Times rose 17.7 percent to open at HK$5.46 after the Hong Kong-based operator said South Korea's Lotte Shopping would make a general offer of about $628 million for all of its shares at a premium.
The benchmark Hang Seng Index was indicated to open up 59.95 points at 22,260.41.
The China Enterprises Index of top locally listed mainland Chinese stocks was set to rise 0.47 percent to 13,008.54. (Reporting by Donny Kwok; Editing by Chris Lewis)