Sands China (01928) rose nearly 12%. At press time, it was up 11.90% to HK$18.80, with a turnover of HK$0.947 billion.
The Zhitong Finance App learned that Sands China (01928) rose nearly 12%. As of press release, it had risen 11.90% to HK$18.80, with a turnover of HK$0.947 billion.
Morgan Stanley released a research report saying that it is believed that Sands China's stock price will outperform the market in the next 60 days. The probability of this happening is expected to exceed 80%, and the target price is HK$20.5. The visible catalysts for upgrading the rating to “increase holdings” include an improvement in market share as the peak renovation period passes, and a gradual recovery in dividends from 2025.
The bank said that the recent decline in Sands China's stock price has made short-term valuations more attractive. Damo believes that the fundamentals of Macau Gaming shares remain flexible. China's recent economic stimulus policy is beneficial to investors' sentiment, and I believe this will also help Macau gaming stocks. If its parent company, LVS, continues to increase its holdings in Sands China, it will also benefit this stock.