<div id="readability-page-1"><div>In its report, BofA Securities said that the Chinese property market remains in the early stage of recovery. In April, Chinese residential contracted sales grew 18% YoY, while tier-one cities also showed more signs of stabilization. As a result, the broker raised TP for quality developers by an average of 13%.Although its previously non-consensus bullish view has gradually gained broader market recognition, overall investor positioning remains relatively light, with many still questioning the sustainability of the recovery.The broker's top picks are CHINA RES LAND (01109.HK) +0.760 (+2.067%) Short selling $308.93M; Ratio 40.505% , CHINA OVERSEAS (00688.HK) +0.430 (+2.701%) Short selling $197.65M; Ratio 23.850% and C&amp;D INTL GROUP (01908.HK) +0.490 (+2.901%) Short selling $31.08M; Ratio 13.171% . It was also positive on the property management sector, favoring CHINA RES MIXC (01209.HK) +0.100 (+0.199%) Short selling $16.74M; Ratio 37.209% and GREENTOWN SER (02869.HK) +0.030 (+0.624%) Short selling $262.26K; Ratio 3.725% .BofA Securities raised the TP for CHINA RES LAND to HKD49 from HKD43, for CHINA OVERSEAS (00688.HK) +0.430 (+2.701%) Short selling $197.65M; Ratio 23.850% to HKD17 from HKD14.5, and for C&amp;D INTL GROUP to HKD20 from HKD17.2, with all being rated Buy. It also lifted the TP for YUEXIU PROPERTY (00123.HK) +0.100 (+2.203%) Short selling $8.48M; Ratio 17.300% to HKD5 from HKD4.6, maintaining a Buy rating. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-11 12:25.)</div></div>

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BofA Securities reports that the Chinese property market is in early recovery, with April residential sales up 18% YoY. They raised target prices for quality developers by an average of 13%, with top picks including CHINA RES LAND, CHINA OVERSEAS, and C&D INTL GROUP. Target prices were increased for these companies and YUEXIU PROPERTY, all rated Buy. Despite a bullish outlook gaining recognition, investor positioning remains cautious regarding the recovery's sustainability.

AASTOCKS News

CHINA RES LAND

CHINA PPT INV

YUEXIU PROPERTY

Yinhua CSI Interior Real Estate Theme ETF

ChinaAMC CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

China Southern CSI All Share Real Estate ETF

GF CSI All Share Financials ETF

Bank of America

CHINA OVERSEAS

C&D INTL GROUP

CHINA RES MIXC

GREENTOWN SER

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

BofAS: CN Property Mkt Still in Early Recovery; TPs Lifted for CHINA RES LAND, CHINA OVERSEAS, C&D INTL GROUP, YUEXIU PROPERTY