大华继显发表研究报告指，虽然香港零售销售下跌，以及空置率创新高，但该行仍然见到一些轻微改善的迹象，包括今年首季过夜旅客的开支及餐饮业的收入轻微上升。基于本地的流动性改善，加上市民短期对日本的兴趣下降，该行料夏季本地消费将有轻微改善，以致零售销售的跌幅可收窄。 该行将行业评级升至“与市场同步”，因预期香港市场流动性改善及美国即将减息1至2次，令今年整体市场利率会较去年低。而无风险利率较低可减少地产商财务成本及支持行业估值，更重要是该行预期本地零售销售将有轻微改善。股份方面，该行首选九龙仓置业，因其浮息贷款比例最高，且手持核心地区的高端资产，目标价上调至26.5港元，反映预期全年派息率达4.8%。领展目标价上调至48.48港元，预计2026财年每单位分派率为5.5%。而希慎目标价上调至15.43港元，反映全年股息率目标为7%。以上股份均获“买入”评级。
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