Wharf Real Estate Investment Co Ltd

01997: XHKG (HKG)
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Wharf REIC: October Sales Figures Reaffirm Retail Stabilization; Shares Remain Undervalued

According to Census and Statistics Department data, Hong Kong October retail sales rose 6.9% year on year, narrowing the year-to-October sales decline to 0.2%. Meanwhile, the jewelry, watches and clocks, and valuable gifts category—a proxy for luxury sales—grew 0.3% for the year-to-October period.

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