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《大行報告》大摩料香港9月零售銷售按年增9% 推薦希慎(00014.HK)及領展(00823.HK)
摩根士丹利發表報告指,8月香港零售銷售略遜預期,預計9月零售銷售將按年增長9%。 該行預計,香港9月內地遊客人數降至2018年水平的54%,8月時為2018年水平的71%。而9月零售銷售面臨高基數影響,因為去年同期有消費券推動市況,而今年則沒有消費券。該行將全年零售額按年增長預期下調至18%。 持股方面,大摩指零售銷售增長往往會推高零售業主股的市盈率,如九龍倉置業(01997.HK)和希慎(00014.HK),而8月份數據低於預期可能會拖累股價。由全年估值出發,該行看好希慎和領展(00823.HK)。
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