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2026-07-03 14:34:05 Hong Kong's retail sales in May beat, but growth was expected to ease in 2H due to base effects, HSBC Global Investment Research issued a report saying. The broker expected high-end retail malls to continue performing well, while community malls will remain under pressure. Among Hong Kong landlords, it favored HYSAN DEV (00014.HK), SWIREPROPERTIES (01972.HK) and LINK REIT (00823.HK), which were all rated Buy. The broker upheld a constructive view on Hong Kong retail property landlords. Tenant sales at HYSAN DEV's premium malls improved. SWIREPROPERTIES's transformation into an integrated commercial landlord and earnings recovery were expected to entail a valuation re-rating. As for LINK REIT, the broker said that after reporting disappointing results, the resilience of its DPU strengthened, while the resumption of its share buyback program should also underpin its valuation. Stock | Investment Rating | TP HYSAN DEV (00014.HK) | Buy | HKD23 SWIREPROPERTIES (01972.HK) | Buy | HKD30.2 LINK REIT (00823.HK) | Buy | HKD46.5 ~ AASTOCKS Financial News Website: www.aastocks.com | |