<div id="readability-page-1"><div><p>JPMorgan issued a report stating that Hong Kong's total retail sales value in April rose 9% YoY, marking a moderate slowdown compared with the 13% YoY growth in March. Compared with the average level from 2015 to 2018, April retail sales were 15% lower, weaker than the 9% shortfall recorded in March. Excluding categories with exceptionally strong growth such as motor vehicles (up 46% YoY) and electrical goods (up 22% YoY), overall retail sales in April increased 6% YoY, below the 8% growth in March.</p><p>JPMorgan noted that while retail performance remains stable, it has yet to translate into positive or even stabilizing rental reversion for the two key local retail property bellwethers  WHARF REIC (01997.HK)<span> </span><span> -0.700 (-2.905%)  </span> <span> Short selling $31.10M; Ratio 34.616%  </span>  and LINK REIT (00823.HK)<span> </span><span> -0.260 (-0.663%)  </span> <span> Short selling $129.99M; Ratio 27.332%  </span> . The broker maintained its Neutral rating on both Hong Kong stocks, but highlighted that LINK REIT offers greater upside potential given its dividend yield of over 6% and potential capital recycling opportunities. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 16:25.)</p></div></div>

01997

00823

<p>JPMorgan reported Hong Kong's April retail sales grew 9% YoY, a moderation from March's 13%. Despite stable retail performance, rental reversion for WHARF REIC and LINK REIT remains weak. JPM maintained Neutral ratings on both but highlighted LINK REIT's upside potential due to its >6% dividend yield and capital recycling opportunities.</p>

AASTOCKS News

WHARF REIC

LINK REIT

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPM: HK Apr Retail Sales Growth Moderates; Reiterates Neutral on LINK REIT , WHARF REIC