Retail Sales Growth: Hong Kong's retail sales value in November 2025 rose by 6.5% YoY, maintaining a moderate recovery trend similar to October's 6.9% increase, with non-essential goods outperforming essentials.
Electronic Products Surge: The growth in retail sales was driven by a significant 39% increase in electronic products, while excluding these, the sales value still rose by 2.1% YoY.
Market Outlook: JPMorgan maintains a positive outlook on WHARF REIC, indicating that non-essential retail is recovering, but holds a Neutral rating on LINK REIT due to a 2% YoY decline in supermarket sales.
Competition from E-commerce: The decline in supermarket sales suggests intensified competition from cross-border e-commerce platforms like Pinduoduo, impacting tenant sales for companies like LINK REIT.
Wall Street analysts forecast 00823 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00823 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00823 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00823 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 34.200
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Current: 34.200
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
