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大摩:香港三月零售銷售符合預期,看好領展希慎

格隆匯5月6日丨大摩表研報指,香港今年3月份零售銷售額按年跌14%,符合預期,而線上銷售佔比達到12%的歷史新高,預計4月零售銷售額將在消費券和防控措施放寬的推動下按年增長1%,相比起九龍倉置業(1997.HK),更看好領展房產基金(0823.HK)和希慎興業(0014.HK)。

該行預期,香港網上銷售額百分比將繼續穩步增長,因為香港的比例仍落後於新加坡、中國內地及美國,今年3月零售銷售額符合預期,但略遜於市場預期,反映出2月10日實施的封鎖措施的持續影響。

該行預計,零售銷售額增長將在7月達到高峯,料按年增長達10%,而隨着消費券的影響逐漸消退,並假設中國內地和香港尚未通關,相關的增長將開始放緩,維持對今年零售銷售額按年增長1%的預測,同時將今年零售租金預測下調至按年負增長2%。

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