RBS published a research report, arguing that the current valuation of domestic housing stocks is attractive, and that the prospects for domestic housing stocks will be raised from “neutral” to “increased holdings”, and is optimistic about R&F Real Estate (02777-HK), Hejing Taifu (01813-HK), Shenggao Land (00337-HK), and Zhongyu Land (01224-HK), and China and Chongqing Land (01224-HK), and believes that these four stocks will increase by 30%. According to the RBS report, the turnover volume of real estate in first-tier cities in mainland China remained flat in November, while second-tier cities fell 10%, but the average sales price in the second-hand market continued to rise. Among them, Beijing, Guangzhou and Shanghai rose 0.5%, 2.5%, and 0.9% respectively. RBS predicts that by the Lunar New Year, mainland policymakers will shift their eyes from the mainland real estate market to issues such as inflation, global liquidity, interest rates, and even regional political uncertainty; while Premier **** of the State Council clearly stated that increasing the supply of public housing is more effective for the property market, and is expected to be the focus of the 12 five-year plans. The bank believes that although policy risk still puts pressure on the valuation of domestic housing stocks, it is also the main reason why RBS has a slight favorable factor for domestic housing stocks. Since domestic housing stock sales were strong in 2010, if it continues in 2011, it shows that domestic housing stocks have more room to rise compared to other stocks. Due to re-evaluation and rising net asset value per share, it is optimistic about Fuli Real Estate, Hejing Taifu, Shenggao Land and Sino-Chongqing Land. Stock name/investment rating/target price R&F Real Estate (02777-HK) /purchase/20.89 yuan. Hejing Taifu (01813-HK) /Buy/8.46 yuan. Shenggao Land (00337-HK) /Buy/6.08 yuan. Zhongyu Land (01224-HK) /Purchase/5.79 yuan. Overseas in China (00688-HK) /purchase/20.28 yuan. China Resources Land (01109-HK) /Buy/17.99 yuan. Fangxing Real Estate (00817-HK) /purchase/2.68 yuan. Forte Group (02337-HK) /purchase/2.68 yuan. SOHO China (00410-HK) /purchase/8.07 yuan. Agile (03383-HK) /holding/12.27 yuan. Country Garden (02007-HK) /holding/3.55 yuan. Greentown China (03900-HK) /holding/8.69 yuan. Co-generation Innovation Exhibition (00754-HK) /holding/8.5 yuan. Shimao Real Estate (00813-HK) /holding/19.36 yuan. Ryan Real Estate (00272-HK) /holding/4.19 yuan. Ocean Real Estate (03377-HK) /holding/5.33 yuan. Hengsheng Real Estate (00845-HK) /holding/3.2 yuan.