大行评级丨摩根大通：预计香港11月零售销售增速放缓 对九龙仓置业维持建设性看法

Group 1 - Hong Kong's retail sales in October increased by 6.9% year-on-year, marking the fastest growth in 22 months and an acceleration from September's growth rate [1] - Non-essential goods significantly outperformed essential goods in the retail sector [1] - The forecast for November indicates a slight slowdown in retail sales growth to low to mid-single digits, primarily due to the potential decline in the unusually strong growth of electronic products [1] Group 2 - The increase in visitor arrivals to Hong Kong and a low base effect are expected to provide some offset to the anticipated slowdown in retail sales growth [1] - The company maintains a constructive outlook on Wharf Real Estate Investment Company due to clear signs of a bottoming out in non-essential retail [1] - The outlook for Link REIT remains neutral, as tenant sales have not met expectations [1]