Shun Tak (0242.HK)'s profit surged 2.3 times last year to HK$2,563 million. J.P. Morgan believes that the core profit was HK$453 million, which is in line with expectations. Currently, the stock price is discounted by 40% compared to net asset value, showing long-term investment value, but it is reminded that most of its real estate projects will not be sold until the second half of the year and early next year, and earnings will not be recorded until next year; the recent return of stock offerings and project capital has reached HK$919 million. I believe it will maintain investment evaluation opportunities in the Mainland; it is believed it will maintain investment evaluation opportunities in the Mainland; Level, and raise the target by 10% to HK$4.7.