Citi reiterated its purchase of Shun Tak Group (0242.HK), and the target price was raised by 30% to HK$4.75, on the grounds that it is optimistic about the development potential of the Macau property market; Sindh already purchased the South Bay coast land in 2004. Since the Macau authorities have not gazetted the development plan, it is currently only possible to enter accounts at cost. As the authorities begin processing non-casino projects, it is estimated that the South Bay coast can bring Sindh a value of at least HK$1.41 per share to $7.28. The new target price is still discounted by 35%; it also indicates that Sindh connects Hong Kong-Zhuhai-Macao with the artificial bridge and the island of Macau On Hengqin Island, all have the opportunity to acquire land.