01928 SANDS CHINA LTD
- 15.500
- -0.160-1.02%
SANDS CHINA LTD News
Hong Kong stock market turmoil | Macau casino stocks continue to decline, Macau's gambling revenue in July got off to a poor start, and cracking down on illegal "money changers" has affected investment sentiment.
Macau casino stocks continue to decline. As of press time, MGM China (02282) fell by 3.52% to HKD 11.52; Sands China (01928) fell by 2.5% to HKD 15.62; Melco Int'l Dev (00200) fell by 2.4% to HKD 4.89.
Zhongjin: Expected to see a 17% year-on-year increase in total gambling revenue in Macau this quarter, and MGM China remains the preferred choice.
According to a research report released by CICC, the total gaming revenue of the Macau gaming industry in the third quarter is expected to increase 2% quarterly and 17% year-on-year. The full-year industry EBITDA forecast was lowered by 3%, and the industry EBITDA forecast for next year was raised by 1%. It is expected to return to 90% and 106% of 2019 levels, respectively. The target price for Sands China (01928) was lowered from 32 yuan to 26.8 yuan, based on the Londoner Phase II renovation project or impact on profits. The “outperforming industry” rating for MGM China (02282) was reaffirmed. The latest rankings were MGM China, Galaxy Entertainment (00027), and Melco Entertainment (
Morgan Stanley: Gambling revenue in the second week of July in Macau improved by 15% weekly, with MGM China as the first choice.
According to a research report released by Morgan Stanley, the preference order for Macau casino stocks remains unchanged, with MGM China (02282), Wynn Macau (01128), Sands China (01928), Galaxy Entertainment (00027), SJM Holdings (00880), and Melco Resorts and Entertainment (MLCO.US). The bank pointed out that the casino revenue for the first 14 days of July in Macau was 8.3 billion Macau Patacas (MOP) or 0.593 billion MOP per day. The average daily casino revenue in the second week increased by 15% to 0.635 billion MOP per day due to the gradually increasing summer holiday demand. The bank also mentioned that the European Cup had an impact on Macau in a week of Hong Kong time.
Hong Kong stocks are in flux | Macau casino stocks continue to be under pressure. Morgan Stanley believes that Macau's gambling revenue in July was lower than market expectations. There are no catalysts in the short term.
Macau casino stocks continue to be under pressure. As of press time, MGM China (02282) fell by 3.37% to HKD 12.04; Galaxy Entertainment (00027) fell by 1.88% to HKD 33.85; Sands China (01928) fell by 1.83% to HKD 16.12.
Hong Kong stocks fluctuate | Macau casino stocks generally decline, Macau's gambling revenue in July is slightly weak, and investors are concerned about the impact of crackdown on illegal cross-border funds in Macau.
According to the news from Zhixin Finance App, the gambling stocks generally fell. As of press time, Sands China (01928) fell by 3.29% to HKD 16.46; Wynn Macau (01128) fell by 3% to HKD 6.15; Melco Int'l Dev (00200) fell by 2.65% to HKD 5.14; Galaxy Ent (00027) fell by 1.7% to HKD 34.6. In terms of news, JPMorgan research reports indicate that Macau's gambling revenue recorded MOP 3.85 billion (the same below) in the first seven days of July, or a daily average revenue of MOP 0.55 billion. This means that last week's revenue was lower than the daily average of MOP 0.59 billion in June.
Macao's June Gross Gaming Revenue Lower Than Expected, Macquarie Says
DBS: Rates Sands China (01928) as "in line with the market", with target price of HKD 21.
Zhì tōng cáijīng APP learned that Morgan Stanley released a research report, rating Sands China (01928) as "in line with the market" and believing that it will underperform the market in the next 60 days, with a target price of HKD 21. The bank expects Sands' property EBITDA to fall 6% quarter-on-quarter, underperforming Galaxy Entertainment (00027). The bank believes that due to the decline in Sands' market share and weak retail rent, the company's property EBITDA for 2024, which is expected to be $2.6 billion, will further decline. This means that compared to the yield in the first half of 2024, demand growth is expected to reach 14%,
Hong Kong stocks fluctuate | Macau casino stocks all fell, Sands China (01928) fell more than 3%. Macau's gambling revenue in June was lower than expected.
According to the Zhitong Finance and Economics APP, Macau casino stocks are all falling. As of press time, Sands China (01928) fell 3.06%, reporting HKD 16.46; Galaxy Entertainment (00027) fell 2.33%, reporting HKD 35.6; Wynn Macau (01128) fell 2.02%, reporting HKD 6.3; and MGM China (02282) fell 1.71%, reporting HKD 12.68. On the news front, the Macau Gaming Inspection and Coordination Bureau announced that the gross gambling revenue for June was MOP 17.694 billion, a year-on-year increase of 16.4%, lower than market expectations; a month-on-month decrease of 12.4%, the lowest single since this year.
Macau casino stocks fall, Sands China (01928) fell 3.18%, Deutsche Bank expects EBITDA growth in the second quarter of the gambling industry to slow down.
Jinwu Financial News | Macau casino stocks fall, Sands China (01928) down 3.18%, Galaxy Entertainment (00027) down 2.33%, Wynn Macau (01128) down 2.33%, Melco Int'l Dev (00200) down 2.07%, MGM China (02282) down 1.71%, SJM Holdings (00880) down 1.14%.
Hong Kong stock market changes | Macau casino stocks rise in the afternoon, June gambling revenue data is coming, Goldman Sachs expects Macau's gambling revenue to gradually recover over the next few months.
Macau casino stocks rose in the afternoon. As of press time, Sands China (01928) rose 4.84% to HKD 16.90; Agtech Holdings (08279) rose 4.17% to HKD 0.20; MGM China (02282) rose 3.42% to HKD 12.70; Wynn Macau (01128) rose 2.38% to HKD 6.44.
Macau casino stocks collectively rise, with Sands China (01928) up 4.84%. Goldman Sachs predicts that Macau gaming revenue will gradually recover over the next few months.
Jinwu Finance | Macau casino stocks rose collectively, with Sands China (01928) rising 4.84%, MGM China (02282) rising 3.75%, Wynn Macau (01128) rising 2.07%, Galaxy Entertainment (00027) rising 1.93%, Melco Int'l Dev (00200) rising 1.9%, and SJM Holdings (00880) rising 1.15%. Goldman Sachs released a report indicating that Macau's June gambling revenue was about 17.7 billion Macau patacas, only 74% of the pre-coronavirus pandemic level, compared to 79% and 78% in April and May, respectively, believed to be due to seasonal weakness and win rates.
HK stock movement | Macau casino stocks continue to weaken, with a year-on-year growth of 16.4% in gambling revenue in June, which is lower than expected.
Macau casino stocks continue to weaken. As of press time, SJM Holdings (00880) fell 2.26%, to 2.59 Hong Kong dollars; Wynn Macau (01128) fell 2.19%, to 6.26 Hong Kong dollars; Sands China (01928) fell 1.47%, to 16.04 Hong Kong dollars.
Sands China Ltd.'s (HKG:1928) Business Is Yet to Catch Up With Its Share Price
Macau's Gross Gaming Revenue Surges 16% in June
Hong Kong stock fluctuations | Macau casino stocks continue to decline, Macau's mid-June gambling revenue is disappointing, Citigroup conservatively lowers its monthly revenue forecast.
Macau casino stocks continue their recent decline. As of press time, Sands China (01928) fell 3.31%, closing at HKD 16.34; Melco Int'l Dev (00200) fell 3.11%, closing at HKD 5.29.
Hong Kong stock abnormal fluctuations | Macau casino stocks perform poorly, MGM China (02282) falls more than 3%. Forecast for Macau's full-month gambling income has downside risks.
The trend of Macau casino stocks is weak. As of press time, MGM China (02282) fell 3.13% to HKD 12.36; Sands China (01928) fell 1.63% to HKD 16.94; Wynn Macau (01128) fell 0.46% to HKD 6.56.
Hong Kong stock market volatility | Macau casino stocks fell today, Sands China (01928) fell more than 3%, and daily Macau gambling revenue has slowed down.
Today, the shares of Macau casinos fell across the board. As of press time, Sands China (01928) fell by 3.5%, with a price of HKD 17.62. Melco International Development (00200) fell by 3.42%, with a price of HKD 5.65. Wynn Macau (01128) fell by 2.33%, with a price of HKD 6.71.
HK stocks surged with Sands China (01928) up more than 3%, leading the gambling stocks. Morgan Stanley predicts that Macau's June gambling revenue will be between 17.5 billion and 18 billion Macau patacas.
According to the Zhītōng Finance APP, macau casino stocks continued to rise, as of press time, Sands China (01928) rose 3.07% to HKD 18.14; Galaxy Entertainment (00027) rose 2.47% to HKD 39.45; SJM Holdings (00880) rose 2.19% to HKD 2.8; Wynn Macau (01128) rose 1.48% to HKD 6.87. On the news side, it was reported that the director of the Macao Tourism Bureau, Maria Helena de Senna Fernandes, revealed that the number of visitors and consumer data show that the willingness of visitors to visit and consume in Macao continues to rise. It is indicated that temporary data as of May this year show that inbound
In June, the total revenue of Macau's gambling industry is estimated to be between 17.5 billion to 18 billion yuan. MGM China and Wynn Macau are the preferred choices in the industry.
According to a research report released by Morgan Stanley, the preference order for Macau casino stocks is mgm china (02282) and wynn macau (01128), with target prices of HKD18.5 and HKD11 respectively. Both are rated as "shareholding." The next is Sands China (01928), with a target price of HKD26 and a rating of "shareholding." Then there is Galaxy Entertainment (00027), rated as "neutral" with a target price of HKD43. Next is SJM Holdings (00880), with a target price of HKD3.3 and a rating of "neutral." Finally, Melco int'l dev (00200) has a target price of HKD5 and is rated as "reduce."
Macau Gaming Industry Association: Raising the threshold for free snacks will help control costs and have little impact on the revenue of gaming companies.
According to Song Weijie, the chairman of the Macau Gaming Association, raising the threshold for free snacks at casinos may have an impact on the revenue of the casino companies, but it is not expected to be significant.
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