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<Research> CLSA Remains Optimistic on HK Luxury Sales Outlook; WHARF REIC (01997.HK) Top Pick in Luxury Retail Sector
CLSA issued a report stating that the management tone of WHARF REIC (01997.HK) has turned positive for the first time since the post-pandemic reopening in 2023. The broker believes...
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<Research> CLSA Remains Optimistic on HK Luxury Sales Outlook; WHARF REIC (01997.HK) Top Pick in Luxury Retail Sector
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CLSA issued a report stating that the management tone of WHARF REIC (01997.HK)  -0.200 (-0.823%)    Short selling $19.50M; Ratio 30.884%   has turned positive for the first time since the post-pandemic reopening in 2023. The broker believes this reflects better-than-expected operating performance, providing upside potential to turnover rent and percentage rent.

The report noted that luxury goods sales momentum was strong during the May Day Golden Week, with improvement in per capita spending, which the broker believes was partly driven by the depreciation of HKD. CLSA remains optimistic about the outlook for Hong Kong's luxury goods sales, reiterates its Outperform rating on WHARF REIC (01997.HK)  -0.200 (-0.823%)    Short selling $19.50M; Ratio 30.884%   with a TP of HKD40, and continues to view it as the top pick in the luxury retail sector. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-02 16:25.)

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