Core Viewpoint - DBS has released a report indicating that as of the end of 2024, Sino Land Company Limited (00083) will have approximately HKD 45.9 billion in net cash, suggesting strong financial health that supports ongoing dividend payments and land acquisitions [1] Financial Position - The current price of Sino Land is trading at a 51% discount to the bank's estimated net asset value per share, and the discount increases to 68% when net cash is excluded [1] - Based on the robust financial condition and several catalysts, DBS maintains a "Buy" rating for Sino Land, raising the target price from HKD 9.78 to HKD 10.56 [1] Land Acquisition and Development - Sino Land successfully acquired a residential land plot in Tuen Mun for HKD 1.09 billion, marking the first addition to its land bank since December 2023 [1] - The acquired land is strategically located near the future station of the Tuen Mun South Extension Line, providing a transportation advantage [1] - The company is accelerating the sale of new projects, including the 11th phase of Sun Hung Kai's "Kai Po Fung" and Yuen Long's "Bok Lung," with additional projects such as Yau Tong's ventilation building, Bok Lung Phase 3, and the streets of Wing Kwong and Chong On in To Kwa Wan expected to be launched soon [1]