M Stanley Expects Hong Kong May Retail Sales Data to Maintain High Single-Digit YoY Growth; LINK REIT Rental Trend Stable
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M Stanley expects Hong Kong's May retail sales to maintain high single-digit YoY growth, citing healthy economic growth and tourism recovery. While April sales rose 8.6%, below market expectations, they aligned with forecasts. Additionally, LINK REITshows stabilizing rental trends in its Hong Kong portfolio despite conservative guidance. Consequently, M Stanley assigned an 'Overweight' rating to LINK REIT.
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