SANDS CHINA LTD News

MGM CHINA (02282) rose 4.43%, leading the Macau Casino sector. Morgan Stanley indicates that Macau Casino stocks have been over-corrected.

King Wu Financial News | MGM CHINA (02282) reported a 27.15% year-on-year increase in total revenue, driving the stock price up by 4.43%, leading the Macau Casino sector. Additionally, MELCO INT'L DEV (00200) rose by 3.38%, Sands China (01928) increased by 3.65%, SJM HOLDINGS (00880) went up by 3.43%, GALAXY ENT (00027) added 2.44%, and WYNN MACAU (01128) climbed by 1.95%. JPMorgan stated that it believes the Macau Casino stocks have been excessively corrected (down 12% year-to-date while the Hang Seng Index has risen by 6%), but before the market expectations are fully reset, establish.

Jinwu Financial NewsFeb 12 20:40 ET

【Hong Kong Stock Connect】Sands China (01928) rose over 3% in early trading, considering the distribution of the final dividend next week. Morgan Stanley expects the group to outperform the market in the next 60 days.

Jinwu Financial News | Sands China (01928) saw its stock price rise in early trading, with a gain of 3.04% to HK$16.96 as of the time of reporting, with a trading volume of HK$61.8469 million. Morgan Stanley's report stated that it believes Sands China has over an 80% chance of outperforming the market in the next 60 days, with a Target Price of HK$21.5 and a rating of "Shareholding". The report indicates that the stock has recently been sold off, making its short-term valuation more attractive. Sands China recently announced the date for the Board of Directors meeting, marking the first use of the term "considering a proposal for the final dividend" since April 2020. Before the COVID-19 pandemic, similar announcements from Sands China typically included similar wording, but that is not the case thereafter.

Jingwu Financial NewsFeb 12 20:37 ET

Major bank ratings | JPMorgan: Macau Casino stocks have been overly corrected, continuing to prefer GALAXY ENT and MGM CHINA.

J.P. Morgan stated that Sands China will hold a Board of Directors meeting next Friday (February 21) to consider a dividend proposal, which is the first in five years. The timing of the potential dividend is earlier than the bank's current forecast, so it can be seen as a slight Bullish signal. However, the bank does not have high expectations for significant dividends this year, expecting the first round of dividends to be cautious at HKD 0.25 per share every six months (or HKD 0.5 for the entire year of 2025), which means a yield of over 3% at the current level; although better than nothing, it may not have a significant impact on stock prices. The bank believes that Macau Casino stocks have been excessively corrected (down 12% year-to-date.

Gelonghui FinanceFeb 12 02:19 ET

SANDS CHINA LTD (01928.HK) held a Board of Directors meeting on February 21 to review and approve the publication of the annual performance.

Gelonghui reported on February 11 that SANDS CHINA LTD (01928.HK) announced the Board of Directors meeting will be held on February 21, 2025 (Friday), to review and approve the announcement of the company's annual performance for the year ending December 31, 2024, as well as to consider the proposal for the final dividend for the year ending December 31, 2024, if any.

Gelonghui FinanceFeb 11 03:42 ET

SANDS CHINA LTD: Date of Board Meeting

HKEXFeb 11 03:35 ET · Announcements

Hong Kong stocks movement | Macau Casino stocks broadly declined in the morning, with January's Macau gaming revenue down 5.6% year-on-year. Goldman Sachs expects a brief adjustment in the industry's revenue last quarter.

Macau Casino stocks fell broadly in the morning; as of the time of writing, GALAXY ENT (00027) was down 4.58% at HKD 28.15; Sands China (01928) was down 4.49% at HKD 16.16; WYNN MACAU (01128) was down 3.65% at HKD 5.01; MGM CHINA (02282) was down 3.27% at HKD 9.75.

Zhitong FinanceFeb 10 21:42 ET

[Brokerage Focus] FIRST SHANGHAI maintains a Buy rating on Sands China (01928), stating that the poor performance in the fourth quarter is influenced by last year's high baseline.

Golden Wealth News | FIRST SHANGHAI's Research Reports indicate that Sands China (01928) experienced a 5.0% year-on-year decrease in net revenue for the fourth quarter of 2024, and a 0.6% decrease compared to the previous quarter, totaling $1.76 billion (recovering to 79% of 2019 levels). The VIP business saw a 39.6% decline compared to the previous quarter (this business recovered to 19% of the same period in 2019), while the mass market business grew by 2.1% over the previous quarter (high-end mass market decreased by 1.0%, reaching 103% of the same period in 2019; general mass market increased by 5.5%, recovering to 85.0% of the same period in 2019). In terms of Retail Trade: gross income and operating profit increased by 8% compared to the previous quarter.

Jinwu Finance NewsFeb 6 20:04 ET

CITIC SEC: Sands China (01928) Q4 2024 performance overall meets expectations, rating adjusted to "Buy".

The negative impact of the current renovation of Londoners and the Golden Light Performing Arts Centre on the company's Operation has already peaked. With supply gradually returning, the market share for Gambling is expected to recover.

Zhitong FinanceFeb 5 20:11 ET

Lyon: Macau's total Gambling revenue in January was lower than expected. The industry's preferred choices are Sands China and GALAXY ENT.

Lyon released a research report stating that Macau's total Gambling revenue in January this year reached 18.3 billion patacas, which is 6% lower than expected and shows unsatisfactory performance. Additionally, during the period from January 29 to 31, Macau averaged only 0.1506 million visitors per day, indicating low visitor numbers. Although Lyon's forecast for Macau's total Gambling revenue this year is still 2% lower than the general market expectations, the bank believes that as Consumer confidence increases, growth will only accelerate, with this situation expected to occur by 2026. The bank has lowered its profit forecast for GALAXY ENT (00027) and simultaneously reduced its Target Price for H shares from HKD 46.5.

Sina Hong Kong StockFeb 5 01:53 ET

Citi: Assigns a "Buy" rating to Sands China with a Target Price of HKD 26.3.

Citi released a research report stating that the Target Price for Sands China (01928) is HKD 26.3, with a rating of "Buy," indicating that the company's resumption of dividend payments this year could lead to multiple re-ratings. Sands China's net revenue for the fourth quarter of last year fell 5% year-on-year (flat quarter-on-quarter) to USD 1.711 billion, and property EBITDA decreased 13% year-on-year to USD 0.571 billion, meeting expectations. The firm noted that the company's fourth-quarter performance last year does not affect its view on Sands China, which remains the preferred choice among Macau Casinos, while removing the 30-day downward catalyst observation. The firm quoted management as anticipating the return of the Londoner.

Sina Hong Kong Stock.Feb 5 01:50 ET

Macau Casino stocks plunged in the afternoon, with GALAXY ENT (00027) falling by 4.03%. January's gaming revenue declined year-on-year, and Institutions expect revenue to accelerate growth by 2026.

Jinwu Financial News | Macau Casino stocks plummeted in the afternoon, as of the time of writing, GALAXY ENT (00027) fell by 4.03%, WYNN MACAU (01128) fell by 3.52%, SANDS CHINA (01928) fell by 3.24%, and MGM CHINA (02282) fell by 2.91%. According to the data from the Gaming Inspection and Coordination Bureau of Macau, gaming revenue for January was 18.254 billion Macau patacas, a year-on-year decline of 5.6%, marking the second consecutive month of negative year-on-year growth. Credit Lyonnais stated that total gaming revenue for Macau in January was 18.3 billion Macau patacas, which was 6% lower than expected, indicating disappointing performance.

Jinwu Financial NewsFeb 5 00:57 ET

Hong Kong stocks fluctuate | Macau Casino stocks plummeted in the afternoon, with January's Macau gambling revenue down 5.6% year-on-year. Morgan Stanley is bullish on the rebound of gambling demand in February.

Macau Casino stocks plummeted in the afternoon. As of the time of writing, GALAXY ENT (00027) fell by 3.7%, priced at 29.9 HKD; WYNN MACAU (01128) dropped by 3.33%, priced at 5.22 HKD; Sands China (01928) decreased by 3.24%, priced at 16.72 HKD; MGM CHINA (02282) fell by 2.91%, priced at 10.02 HKD.

Zhitong FinanceFeb 5 00:46 ET

Lyon: Macau's total gambling revenue in January was below expectations. The industry prefers Sands China (01928) and GALAXY ENT (00027).

Lyon expects that the EBITDA for Silver Entertainment, WYNN MACAU (01128), Melco Resorts and Entertainment (MLCO.US), MGM CHINA (02282), and SJM HOLDINGS (00880) will increase by 3% quarter-on-quarter in the fourth quarter of 2024.

Zhitong FinanceFeb 5 00:43 ET

Citi: Gives Sands China (01928) a "Buy" rating with a Target Price of 26.3 HKD.

Citigroup stated that Sands China remains the top choice among Macau Casino stocks, while removing the 30-day downward catalyst observation.

Zhitong FinanceFeb 4 22:40 ET

Hong Kong stock announcement for gold mining | Xiaopeng Autos delivered 30,350 smart electric vehicles in January, a year-on-year increase of 268%.

SANDS CHINA LTD (01928) announced its annual results, with total net income increasing by 8.4% year-on-year to 7.08 billion USD...

Zhitong FinanceFeb 3 09:52 ET

Sands China annual net income increases by about 10%, and Baguoyuan expects to turn from profit to loss year-on-year in the 2024 fiscal year | Selected announcements from Hong Kong stocks on February 3.

① How has Sands China’s annual net income increased by about 10%, and what is the profit situation? ② How significant is the impact of Baiguoyuan's expectation to turn a loss year-on-year in the fiscal year 2024?

cls.cnFeb 3 07:25 ET

[Brokerage Focus] Bank of America Securities reiterated the "Buy" rating on Sands China (01928), stating that it is expected to resume dividends this year and that the valuation is reasonable.

Jinwu Financial News | Bank of America Securities issued a Research Report indicating that Sands China (01928) experienced weak market share for gambling revenue in the fourth quarter of last year, partly due to a win rate below the average level, and the EBITDAR adjusted for win rates met or slightly exceeded the market's lowered forecasts. Additionally, the impacts from the renovation of "The Londoner" are expected to gradually improve in the first half of this year. The firm believes that while the gambling revenue at The Londoner showed improvement quarter-on-quarter in the fourth quarter last year, the market share of other casinos still declined even after adjusting for win rates. Therefore, the firm believes that Sands China's market share for gambling revenue will remain a focus for investors in the new year.

Jinwu Financial NewsFeb 2 22:27 ET

CICC: Maintains Sands China with an "Outperform Industry" rating and a Target Price of HKD 22.00.

CICC released a research report stating that it maintains a rating of outperforming the Industry for SANDS CHINA LTD (01928) with a Target Price of 22.00 HKD, corresponding to an 11x 2025 EV/EBITDA. The firm expects the London Palace to be completed ahead of schedule before the May Day holiday in 2025, and based on the company's estimate, the full operation of London Palace will happen earlier than previously expected, revising the adjusted EBITDA forecasts for 2025 and 2026 upward by 2% to 2.602 billion USD and 2.849 billion USD respectively. CICC's main points are as follows: SANDS CHINA LTD's 4Q24 performance is better than market expectations according to the parent company Las Vegas Sands on January 29.

Sina Hong Kong StocksFeb 2 21:28 ET

Hong Kong stock movement | Sands China (01928) falls over 5% as controlling shareholder LVS reports a 12.7% year-on-year decline in adjusted property EBITDA for Q4 2024.

Sands China (01928) fell over 5%, as of the time of writing, down 5.59%, priced at 18.24 HKD, with a transaction amount of 16.2151 million HKD.

Zhitong FinanceFeb 2 20:54 ET

Macau Casino stocks weakened at the start; GALAXY ENT (00027) dropped by 4.96%. In January, Macau's gaming revenue fell by 5.6% year-on-year.

King Wu Financial News | Macau Casino stocks weakened in early trading. As of the time of writing, GALAXY ENT (00027) fell by 4.96%, SANDS CHINA LTD (01928) dropped by 4.73%, MGM CHINA (02282) decreased by 3.66%, and WYNN MACAU (01128) declined by 2.64%. In terms of news, the Macao Gaming Inspection and Coordination Bureau announced that the gaming revenue in January was 18.254 billion Macanese Patacas, a year-on-year decrease of 5.6%; month-on-month, it rose by 0.29%. In December of last year, the gaming revenue was 18.202 billion Patacas, a year-on-year decrease of 2%, and a month-on-month decline of 1.28%, marking the full recovery of Macau post-pandemic.

Jingu Financial NewsFeb 2 20:47 ET