WHARF REIC(HK:01997) 智通财经网·2026-01-05 03:34Group 1 - The stock of Kowloon Development (01997) has dropped over 4%, currently at HKD 24.16 with a trading volume of HKD 27.19 million [1] - The Hong Kong government reported that the estimated total retail sales value for November 2025 is HKD 33.7 billion, a 6.5% increase compared to the same month in 2024 [1] - The revised estimate for total retail sales value in October 2025 shows a 6.9% increase compared to October 2024 [1] Group 2 - The Chairman of the Hong Kong Retail Management Association, Cheung Kiu On-yee, anticipates that retail sales in Hong Kong will remain flat in the first half of 2026, with ongoing consumer spending from mainland visitors [1] - JPMorgan indicated a slight slowdown in retail sales in November, potentially influenced by the fire incident at Tai Po Hong Fu Court at the end of November [1] - The bank expects December retail sales to show low to mid-single-digit growth, with a slight slowdown in the year-on-year increase of inbound travelers and ongoing impacts from the fire affecting consumer sentiment [1] Group 3 - JPMorgan maintains a constructive view on Kowloon Development, rating it as "Overweight," citing signs that non-essential retail is emerging from a downturn [1]