《大行報告》富瑞:港澳放寬入境檢疫 料周大福(01929.HK)及莎莎(00178.HK)等零售股受惠
富瑞發表報告指,本港放寬入境政策是好消息,向商業活動正常化邁進一步。但由於內地遊客未恢復,放寬政策不太可能在短期內幫助香港零售業。零售商亦預計,短期內本地消費反而將受到該政策的影響,因為本地人去旅行或為旅行而儲蓄。
該行指,據其了解,零售商認為本地消費已經見底。7月的零售銷售按年增長4.1%,結束上半年跌勢。
雖然大多數品牌和零售商認為遊客消費不會恢復到以前的高峰(2019年佔香港零售業銷售額約30至40%),但由於內地消費者行為的轉變,仍會有一部分恢復,特別是來自廣東地區的遊客。
富瑞指,另一個好消息是澳門11月可接內地團,相信兩個好消息對香港品牌和零售商而言有利。短期內,隨著內地遊客的回流,零售商在澳門的銷售將有更好的表現,周大福(01929.HK)及莎莎(00178.HK)等澳門業務將受惠。
該行對成功開拓內地市場的周大福和佐丹奴(00709.HK)「買入」建議,目前佐丹奴來自港澳銷售額只佔11%,主要增長動力來自中東和東南亞。另看好大家樂(00341.HK),受惠於香港放寬社交距離措施。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.