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<Research>Citi: HK Retail Sales Rebound in May, Favorable to Retail Landlords in ST
The value of Hong Kong's total retail sales rose by 2.4% YoY in May, snapping a 14-month losing streak and beating expectations, according to a research report from Citi. The c...
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<Research>Citi: HK Retail Sales Rebound in May, Favorable to Retail Landlords in ST
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The value of Hong Kong's total retail sales rose by 2.4% YoY in May, snapping a 14-month losing streak and beating expectations, according to a research report from Citi. The city's retail sales decline for 5M25 also narrowed to 4%.

Specifically, several categories logged positive growth, including fresh fruits and vegetables (+9%, benefiting wet markets), medicines and cosmetics (+9%), department stores (+6%), automobiles (+3%), supermarkets (+1%), and apparel and footwear (+0.3%). Although luxury goods still dipped by 3%, its drop was already much smaller than the 15% slump in FY24.

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In Citi's estimate, the rebound in Hong Kong's retail sales will be favorable to retail landlords like LINK REIT (00823.HK)  -0.250 (-0.583%)    Short selling $41.58M; Ratio 18.049%   , WHARF REIC (01997.HK)  -0.200 (-0.821%)    Short selling $22.43M; Ratio 15.577%   , and HYSAN DEV (00014.HK)  +0.020 (+0.133%)    Short selling $2.95M; Ratio 6.638%   in the short term. It also believes that retail data for June will show continued recovery.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-07 16:25.)

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