According to a report published by Morgan Stanley, since Sindh's harbour miles (Harbour Miles) was approved before the end of this year, the stock has risen 60% over the past six months. Although the bank does not predict the approval time, it believes that its current price is 48% off net asset value and is attractive for valuation, so it raised the target price of the stock by 28% to 5 yuan from 3.9 yuan to maintain the “increase in holdings” rating, advising investors to absorb the stock and awaiting approval of the South Bay coast, saying that if included in the project, its target price should increase to 6 yuan. According to the report, after adjusting the progress of real estate development in Sindh, Daimo raised Sindh's earnings in 2012 by 34%, but lowered this year's profit by 9%. In addition, the bank raised its net asset value estimate from $6.7 to $7.9 per share to reflect the good performance of Australian Expo (00880-HK) stock prices and the increase in the fourth and fifth phases of Nova City (Nova City). According to Da Mo, the downside risks of this stock include delays in the approval period for the South Bay Coast, sales of the Chatham Gate (Chatham Gate) project falling short of expectations, and delays in the promotion of other residential projects.