Dahua Ji revealed that Sands China's target price was HK$46, and Galaxy Entertainment (00027) had a target price of HK$28.6, all of which were rated “buy”.
The Zhitong Finance App learned that Dahua Jixian released a research report saying that the Macau gaming industry's first choice is still Sands China (01928). It is expected that Sands China's total gaming revenue will recover faster from the first quarter of 2025, and some renovated guest rooms are expected to be put into use on January 25. The bank gave Sands China a target price of HK$46 and Galaxy Entertainment (00027) of HK$28.6, all with a “buy” rating.
According to the report, for the Macau gaming sector, after a strong Golden Week, total gaming revenue fell 11% month-on-month to MOP 18.4 billion on November 24, recovering to 80% in 2019. On October 24, the number of visitors to Macau recovered to 98% in 2019. Since 2024 marks the 25th anniversary of Macau's return to the motherland, travel restrictions between Zhuhai and Macau have been relaxed. It is expected that more support policies will further promote Macau's tourism and maintain the industry's “gain” rating.
