花旗发表研究报告指，本港5月零售业总销货价值按年上升2.4%，终止连续14个月跌势，胜预期，首五个月零售销售跌幅收窄至4%。多个类别录得增长，包括新鲜水果蔬菜（+9%，利好街市）、药品及化妆品（+9%）、百货公司（+6%）、汽车（+3%）、超市（+1%）及服装鞋履（+0.3%）。奢侈品虽仍下跌3%，但跌幅较2024财年的15%收窄。
花旗认为本地零售恢复增长主要受到五大因素推动，包括五一黄金周旅客量按年增长22%，5月份整体亦升20%；北上消费自去年第三季起稳定在每周末约57万至58万人次，负面影响已反映；上半年港元兑人民币及日圆分别贬值3%及9%，利好本地消费；资本市场畅旺及HIBOR回落带来的财富效应；以及低基数影响。
该行预期零售销售止跌回升短期利好零售收租股，领展(00823.HK) 、九仓置业(01997.HK) 及希慎(00014.HK) 等预期可受惠，同时相信6月零售数据可持续复苏。(gc/u)(港股报价延迟最少十五分钟。沽空资料截至 2025-07-03 16:25。)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.