金吾财讯 | 海通国际发研报指，去年香港零售额按年减少7%，较2019年同期下降13%，主要由于2024年缺乏消费券效应、港人北上消费及港元强势环境下访港游客消费低迷。该行表示，考虑到去年人民币相对疲弱，认为内地游客到香港购物的吸引力有限，尤其是购买奢侈品及高价值商品，尽管深圳自去年12月起恢复赴港一签多行。该行亦发现，过去三十年零售指数与零售租金有较高的相关性，人民币兑港元贬值料进一步影响今年旅客消费。该行料今年香港零售租金续有单位数跌幅。在零售收租股中，该行偏好日常用品股多于中高端收租股。海通国际略微下调九龙仓置业(01997)2024至2026财年的租金收入预测，同时将其目标价由26.7港元下调至21.8港元，评级同样下调至“中性”。
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