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WHARF REIC Stephen Ng: Firm Monitoring Iran Situation, Optimistic About HK Retail Mkt For Now
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WHARF REIC (01997.HK) announced its annual results. Group Chairman Stephen Ng said that the oil crisis triggered by the situation in Iran could be significant, and the current conflict has a greater impact on Hong Kong. Rising oil and energy prices may exacerbate inflation, posing a serious impact on Hong Kong. Ng added that he was surprised by the significant increase in Hong Kong's retail sales in January 2026. Looking ahead to this year's retail market, he believed that the start is promising and expected momentum to continue in February, remaining optimistic about the retail market for now. However, Ng reiterated the need to monitor the situation in Iran, noting that changes are unpredictable. AASTOCKS Financial News Website: www.aastocks.com |
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