每经AI快讯，1月23日消息，英国12月季调后零售销售同比增长2.5%；12月季调后零售销售环比增长 0.4%。 ...

Group 1 - Switzerland's actual retail sales in November increased by 2.3% year-on-year, compared to a previous value of 2.7% [1]

Core Viewpoint - Singapore's retail sales experienced a year-on-year growth of 4.5% in October 2025, driven by strong sales in watches, jewelry, and leisure goods, marking the eighth consecutive month of growth in retail sales [1] Retail Sales Performance - The total retail sales in Singapore for October amounted to approximately 4.4 billion Singapore dollars (around 3.4 billion USD) [1] - Excluding automobile sales, the retail sales increased by 3.7% year-on-year, surpassing the 1.8% growth recorded in September [1] - Seasonally adjusted, retail sales rose by 2.3% month-on-month, with a 2.9% increase when excluding automobile sales [1] Category-Specific Growth - Among the 14 categories in the retail sector, most recorded year-on-year growth in October [1] - The watches and jewelry sector saw a significant sales increase of 25.0%, primarily driven by jewelry sales [1] - The leisure goods sector experienced a year-on-year sales growth of 20.4% [1] - Automobile sales also grew by 9.7% year-on-year [1] Declines in Certain Areas - Sales at gas stations declined by 17.4% year-on-year [1] - Sales of food and alcoholic beverages decreased by 2.5% year-on-year [1] Online Retail Sales - Online retail sales accounted for 14.5% of total retail sales in October, slightly down from 15.0% in September [1]

Group 1 - Vietnam's retail sales in November increased by 7.1% year-on-year, slightly down from the previous value of 7.2% [1]

Core Insights - Hong Kong's retail sales in October increased by 6.9% year-on-year to HKD 35.2 billion, surpassing Morgan Stanley's and market expectations, driven by durable goods, online sales, and inbound tourist traffic [1] Retail Sales Performance - Online sales reached HKD 5.2 billion, showing a year-on-year growth of 27% and a quarter-on-quarter increase of 32%, with online sales accounting for a record 14.6% of total sales [1] - Strong performance was noted in luxury goods and electrical products during October [1] Company Implications - The data is favorable for companies such as Wharf Real Estate Investment (01997) and Hysan Development (00014), which saw respective stock price increases of 10% and 21% over the past three months [1] - Retail stocks like Link REIT (00823), Hysan Development, and Wharf Real Estate Investment are highlighted for their high dividend yield advantage, suggesting potential upward price movement if retail sales continue to improve [1] Future Outlook - Morgan Stanley anticipates a 5% year-on-year growth in retail sales for November, driven by improved consumer confidence and promotional activities during shopping festivals [1]

Group 1 - Hong Kong's retail sales in October increased by 6.9% year-on-year to HKD 35.2 billion, surpassing Morgan Stanley's and market expectations, driven by durable goods, online sales, and inbound tourist traffic [1] - Online sales reached HKD 5.2 billion, showing a year-on-year growth of 27% and a month-on-month growth of 32%, with online sales accounting for a record 14.6% of total sales [1] - Strong performance was noted in luxury goods and electrical products in October, indicating potential upward movement for retail stocks such as Link REIT, Hysan Development, and Wharf Real Estate Investment [1] Group 2 - Morgan Stanley expects retail sales in November to grow by 5% year-on-year, supported by improved consumer confidence and promotional activities during shopping festivals [1]

Group 1 - The core point of the article is that Hong Kong's retail sales in October increased by 6.9% year-on-year to HKD 35.2 billion, surpassing Morgan Stanley's and market expectations, driven mainly by durable goods, online sales, and the influx of visitors [1] - Online sales reached HKD 5.2 billion, showing a year-on-year growth of 27% and a month-on-month growth of 32%, with online sales accounting for a record 14.6% of total sales [1] - The positive retail sales data is beneficial for companies such as Wharf Real Estate Investment and Hysan Development, which saw stock price increases of 10% and 21% respectively over the past three months [1] Group 2 - Retail stocks like Link REIT, Hysan Development, and Wharf Real Estate Investment have high dividend yield advantages, and if retail sales continue to improve, there may be upward potential for their stock prices [1] - Morgan Stanley forecasts a 5% year-on-year growth in retail sales for November, primarily due to improved consumer confidence and promotional activities during shopping festivals [1]

Core Insights - The U.S. Department of Commerce reported a 0.2% month-over-month increase in retail sales for September [1] Group 1 - The retail sales data indicates a slight growth in consumer spending, which may reflect consumer confidence and economic stability [1]

Core Insights - UK retail sales in October increased by 0.2% year-on-year, falling short of the expected growth of 1.5% [1] Group 1 - The actual year-on-year growth rate of UK retail sales for October was 0.2% [1] - The forecasted growth rate for the same period was 1.5%, indicating a significant deviation from expectations [1]

Group 1 - Morgan Stanley reports that Hong Kong's retail sales increased by 5.9% year-on-year to HKD 31.3 billion in September, surpassing the bank's forecast of 2% growth and the market consensus of 2.6% [1] - The recent positive growth may indicate that the market is bottoming out [1] - For October, Morgan Stanley predicts a 4% year-on-year increase in retail sales, primarily driven by an increase in visitor numbers during the 8-day National Day Golden Week holiday, although this is partially offset by more public holidays leading to increased travel [1] Group 2 - Morgan Stanley has revised its full-year forecast for retail sales to a decline of 2% year-on-year, an improvement from the previous expectation of a 5% decline [1] - Retail rental stocks such as Wharf Real Estate Investment and Hysan Development may benefit from this trend, with dividend yields ranging from 1.7% to 2.7%, which is higher than the yield on 10-year U.S. Treasury bonds [1]