SANDS CHINA LTD News

Double-down or Fold? Investors Eye the Best Strategies for Macau Casino Stocks

Seeking Alpha11:16 ET

Express News | Macau Says February Gambling Revenue up 6.8 Pct From a Year Earlier to 19.7 Bln Patacas

ReutersFeb 28 23:45 ET

【Brokerage Focus】CITIC SEC indicated that Macau's GGR in February is expected to show a "long tail effect."

Jinwu Financial News | CITIC SEC stated that in the first seven days before the Spring Festival holiday in 2025 (from the first to the seventh day of the first lunar month), the total inbound passenger flow to Macau has recovered to 98% of the same period in 2019, consistent with the expectations for Q4 2024. However, due to the high proportion of family travel in the Macau tourism market during the Spring Festival holiday, the gambling market has been experiencing "crowded but not profitable" conditions, leading to a noticeable adjustment in the sector due to slightly weaker gambling data. The firm observed a significant warming in demand after the Spring Festival holiday, with February GGR expected to show a "long tail effect", predicting that the combined GGR for January and February will remain flat compared to the same period in 2024. The firm believes that the recent sector adjustment has fully reflected this.

Golden Sentinel Finance NewsFeb 26 19:58 ET

Sands China Ltd. Just Recorded A 8.6% EPS Beat: Here's What Analysts Are Forecasting Next

Simply Wall StFeb 25 17:54 ET

[Brokerage Focus] China Securities Co.,Ltd. maintains a "Shareholding" rating on Sands China Limited (01928), indicating that its market share and overall Operation performance are expected to continue improving.

Jinwu Financial News | China Securities Co.,Ltd. Research Reports indicate that Sands China (01928) expects a total net income of 7.08 billion USD in 2024, up 8.4% year-on-year. Net income attributable to shareholders is 1.045 billion USD, a year-on-year increase of 51.0%. Adjusted EBITDA is 2.329 billion USD, up 4.7% year-on-year. In Q4 2024, the impact of the peak renovation period is noted, but this peak period has gradually passed, and the adjusted EBITDA rate in Q4 2024 remains basically stable. Recently, the company anticipates that through steady nurturing it will achieve an increase in market share, with expectations of property development and the gradual release of reception capacity leading to a clustering effect of customer flow.

Jingwu Financial NewsFeb 25 03:12 ET

Major bank rating | Bank of America: Reiterates "Buy" rating on Sands China, earlier than expected time to resume dividend payments.

Bank of America Securities issued a research report indicating that Sands China is likely to resume dividend payments earlier than expected. The forecast for the group's dividend for the 2025 fiscal year is expected to be 0.63 Hong Kong dollars, and the 2026 dividend forecast has been raised from 0.93 Hong Kong dollars to 1.02 Hong Kong dollars, implying a dividend yield of 3.8% this year and 6% next year. Bank of America Securities stated that although Sands China's market share in gaming revenue has decreased recently, this should enhance Sands' attractiveness to income or value investors. The bank reaffirmed a 'Buy' rating on the stock, with a Target Price of 24 Hong Kong dollars.

Gelonghui FinanceFeb 24 21:31 ET

Sands China's 2024 Profit Rises

MT NewswiresFeb 24 01:03 ET

Hong Kong Stock Midday Review | Hang Seng Index dropped by 0.55% in the morning session, while real estate stocks rose against the trend, and Concept stocks related to CRO had the largest declines.

The Hong Kong Hang Seng Index fell 0.55%, closing at 23,348.82 points, with a morning turnover of 231.157 billion HKD; the Hang Seng TECH Index decreased by 1.44%.

Zhitong FinanceFeb 23 23:00 ET

Hong Kong stocks move | Macau Casino stocks rose in the morning, Sands China (01928) pays dividends for the first time in five years, and JPMorgan predicts that Macau's annual gaming revenue will grow by 2% year-on-year.

Macau Casino stocks rose in the morning session. As of the time of writing, Sands China (01928) is up 6.29%, quoted at 18.26 HKD; GALAXY ENT (00027) is up 5.42%, quoted at 31.1 HKD; WYNN MACAU (01128) is up 3.77%, quoted at 5.51 HKD; MGM CHINA (02282) is up 4.11%, quoted at 10.64 HKD.

Zhitong FinanceFeb 23 21:43 ET

Macau Casino stocks are strong, Sands China (01928) rose 5.94%. In January, the number of inbound tourists to Macau increased by 27.4% year-on-year.

King Wu Financial News | Macau Casino stocks are strong, Sands China (01928) rose 5.94%, GALAXY ENT (00027) rose 4.92%, WYNN MACAU (01128) rose 3.77%, MGM CHINA (02282) rose 3.72%, SJM HOLDINGS (00880) rose 2.93%, MELCO INT'L DEV (00200) rose 2.47%. According to news, the Statistics and Census Service of Macau showed that in January this year, the total number of inbound visitors was 3.647 million, an increase of 27.4% compared to the previous year. However, overnight visitors (2.155 million) and staying visitors (1.491 million) decreased.

Jinwu Financial NewsFeb 23 21:43 ET

Hong Kong stock early report | The humanoid robot sector welcomes another Bullish market. Sands China last year's net profit increased by over 50% year on year.

① State Council meeting: Research and introduce a series of new open measures in the Medical, financial and other fields. ② He Lifeng had a video call with US Treasury Secretary Yellen, exchanging in-depth opinions on important issues in the economic field between China and the US. ③ Shenzhen: A special policy for humanoid Robots will be announced soon, allocating special funds for AI and Robots in the city's major Technology projects. ④ DeepSeek is "low-key" participating in the 2025 Global Developer Pioneer Conference.

cls.cnFeb 23 18:07 ET

SANDS CHINA LTD (01928.HK) annual profit increased by 51.0% to 1.05 billion USD, with a final dividend of 0.25 HKD.

Gelonghui reported on February 21 that SANDS CHINA LTD (01928.HK) announced that for the year ending December 31, 2024, the group's total net revenue was $7,080,000,000, an increase of 8.4% year-on-year. The profit for the year was $1,050,000,000, an increase of 51.0% year-on-year. The adjusted property EBITDA for the year was $2,330,000,000, an increase of 4.7% year-on-year. The Board of Directors recommends a final annual dividend of HKD 0.25 per share (approximately USD 0.032).

Gelonghui FinanceFeb 21 05:04 ET

Express News | Sands China - Committed to Spending US$4.50 Bln on Capital and Operating Investments in Macao During Current Concession Period From 2023 Through 2032

ReutersFeb 21 05:01 ET

Express News | Sands China - Final Dividend of HK$0.25 per Share

ReutersFeb 21 05:01 ET

Express News | Sands China FY Revenue USD 7,080 Million Vs. IBES Estimate USD 7,172 Million

ReutersFeb 21 05:00 ET

Express News | Sands China FY Operating Expenses USD 5,710 Million

ReutersFeb 21 05:00 ET

SANDS CHINA LTD: Preliminary Announcement of Annual Results for the year ended December 31, 2024, Proposed Final Dividend and Closures of Register of Members

HKEXFeb 21 05:00 ET · Announcements

J.P. Morgan: Forecasts that Macau's gambling revenue in February will be between 18.3 billion to 19.4 billion Macanese Patacas. Recommends GALAXY ENT and others.

JPMorgan released a Research Report forecasting that Macau's gambling revenue in February will range between 18.3 billion and 19.4 billion Macau patacas, reflecting a year-on-year decline of 1% to an increase of 5%. The bank believes that this year's total gambling revenue may only record low single-digit growth, currently predicting a year-on-year increase of 2%. It continues to list GALAXY ENT (00027) as the industry’s top choice.

Sina Hong Kong stocksFeb 18 03:07 ET

Macquarie: It is expected that the total gambling revenue in February will be between 18.5 billion to 19.3 billion patacas. The preferred choice in the industry is GALAXY ENT.

Macquarie has released a Research Report stating a "Outperform Market" rating for GALAXY ENT (00027) and SANDS CHINA LTD (01928), with Target Prices set at HKD 48.8 and HKD 25.8 respectively. Currently, Macquarie's industry preference is for GALAXY ENT, and the attractiveness of SANDS is gradually improving as the impact of renovations diminishes. The firm analyzed the Macau Gambling market using third-party data and expects total gambling revenue in February to be between 18.5 billion and 19.3 billion patacas, implying a year-on-year decline of 1%-3% in gambling revenue for the first two months. The Macquarie Research Report indicates that third-party data shows the average daily gambling revenue in Macau last week was 7.

Sina Hong Kong StockFeb 18 03:02 ET

Macquarie estimates that total Gambling revenue in February will be between 18.5 billion and 19.3 billion Macau patacas, with GALAXY ENT (00027) being the industry preferred choice.

Give GALAXY ENT (00027) and SANDS CHINA LTD (01928) a "Outperform the Market" rating, with Target Prices of HKD 48.8 and HKD 25.8 respectively.

Zhitong FinanceFeb 18 01:14 ET