Deutsche Bank raised the rating of Sindh Group (0242.HK) from holding to buying, with a target of 70% to HK$5.6; indicating that the Macau government seems to be speeding up the land approval process. It is estimated that Sindh's South Bay coast project can be approved within this year. At that time, it can increase the value per share (estimated by the cash flow discount model) by HK$2.3; Sindh's current price to net asset value (estimated at HK$11.2 per share) is still attractive.