01928 SANDS CHINA LTD
- 18.400
- -0.220-1.18%
SANDS CHINA LTD News
Macquarie: Downgrades Macau third-quarter gambling industry gambling revenue and EBITDA forecasts prefer Galaxy Entertainment.
Macquarie released a report stating that due to reduced overall promotional activities and macroeconomic demand impacts, the third-quarter gambling revenue and gambling industry EBITDA forecasts for Macau have been lowered by 5% and 8% respectively. The bank expects market share for SJM Holdings (00880), Wynn Macau (01128), and Sands China (01928) to increase quarter by quarter in the third quarter, while MGM China (02282), Galaxy Ent (00027), and Melco Resorts and Entertainment (MLCO.US) are expected to experience declines. The bank also indicated that Macau's retail industry will continue to face challenges in the third quarter, but foot traffic and retail sentiment are
Hong Kong stocks fluctuate | Macau casino stocks continue to fall, Q3 gambling revenue falls month-on-month and profit margins remain under pressure. Industry EBITDA may fall by 10% month-on-month.
Macau casino continued to fall, as of the deadline, wynn macau (01128) fell by 5.93%, closing at 6.35 Hong Kong dollars; sands china (01928) fell by 4.32%, closing at 19.04 Hong Kong dollars; galaxy ent (00027) fell by 3.46%, closing at 37.65 Hong Kong dollars; mgm china (02282) fell by 2.33%, closing at 10.33 Hong Kong dollars.
Macau Elects Former Judge Wary of Casinos as Its New Leader
Lion: Predicts a 10% quarterly decline in Ebitda for Macau's third-quarter gambling industry. Preferred mgm china and Sands China.
Lyon's report states that Macau gambling stocks will start announcing third-quarter earnings at the end of October. Due to a 1.5% quarterly decline in Macau's gambling revenue and ongoing pressure on profit margins, the industry's Ebitda is forecasted to fall by 10% to $1.748 billion. The report indicates that due to the downward revision of profit margin forecasts, the bank will adjust the industry's 2024 to 2025 Ebitda forecasts by 1% to 3%. However, after the recent announcement of economic stimulus measures in the mainland, the bank expects a focus on recent operational updates rather than third-quarter earnings. Additionally, due to concerns over profit margin contraction being offset by an increase in market share, Lyon's
Daiwa: Bullish on Sands China among Macau gambling stocks in the third quarter this year, believing that industry EBITDA will increase by 4% on a quarterly basis in the fourth quarter.
Morgan Stanley's research report states that Macau gambling stocks have risen by 51% in the past month, leading to a revaluation and multiple rebound to early-year levels. Since October, the number of visitors to Macau has been strong, bringing positive prospects to the industry. However, the consistent downward revision of EBITDA for 2024/2025 is still negative. Morgan Stanley believes that compared to Galaxy Ent (00027), they are more bullish on Sands China (01928). They also expect SJM Holdings (00880) to rise in the third quarter. The bank predicts that Macau's gaming industry EBITDA in the fourth quarter will increase by 4% from the previous quarter. Galaxy Ent's EBITDA will in the fourth quarter and
Morgan Stanley: Latest rating and target price of Macau casino stocks (table) First choice galaxy ent (00027)
Morgan Stanley expects gambling revenue in October to reach as high as 21.5 billion to 22.8 billion Macau patacas, driven by the National Day gold market and mainland stock market.
macau casino stocks are strong, Sands China (01928) rose by 9.51% during the National Day holiday with a strong number of visitors to Macau.
Golden Finance News | macau casino stocks show strong momentum, with Sands China (01928) up 9.51%, Galaxy Entertainment (00027) up 9.22%, Melco Int'l Dev (00200) up 6.07%, Wynn Macau (01128) up 6.48%, Melco Int'l Dev (00200) up 6.45%, SJM Holdings (00880) up 5.63%, MGM China (02282) up 4.27%. On the news front, on October 7th, the Public Security Police released the latest statistics, showing that during the first five days of the Golden Week in October, the total number of entry and exit persons in Macau exceeded 3.5 million, compared to
Macau casino stocks rise as wynn resorts obtains a gambling license from the United Arab Emirates.
Macau casino stocks rose, Wynn Resorts announced that the UAE gambling regulatory authority has issued the country's first commercial gambling operator license to them. This project is an important milestone for the tourism industry in the region, as various casino operators have long sought to establish resorts here to attract European, Asian, and other market tourists. MGM Resorts International last month stated that they have applied for a gambling license for a property they are constructing in Abu Dhabi. Wynn Macau's stock price surged 9.7% in early trading; Melco Int'l Dev rose 9.7%; Sands China rose 6.6%; SJM Holdings rose 5.6%; MGM China rose 2.0%.
Express News | Hong Kong Shares Retrace Early Gains; Hang Seng Last 0.3% Higher
HK stocks surged | Macau casino stocks opened higher collectively as the Macau tourism market continues to be hot. HSBC predicts that Macau gambling revenue in September exceeds expectations.
Macau casino stocks collectively opened higher. As of the time of publication, galaxy ent (00027) rose by 9.34% to 43.3 Hong Kong dollars; Sands China (01928) rose by 8.78% to 22.3 Hong Kong dollars; melco int'l dev (00200) rose by 7.21% to 5.65 Hong Kong dollars; mgm china (02282) rose by 5.75% to 12.88 Hong Kong dollars.
Express News | Sands China Shares up 9% in Hong Kong
Express News | Galaxy Entertainment Shares up 10% in Hong Kong
HSBC: Macau gambling revenue in September exceeds expectations, galaxy ent is the top choice.
JPMorgan released a research report stating that in the Macau casino stocks, Galaxy Entertainment (00027) remains the top choice, with a "shareholding" rating, while Sands China (01928), Wynn Macau (01128), and MGM China (02282) also receive a "shareholding" rating. Following that, SJM Holdings (00880) receives a "neutral" rating, and lastly Melco Int'l Dev (00200) receives a "shareholding" rating. The report indicates that for Macau casino stocks, Macau's September gross gaming revenue (GGR) exceeded expectations, increasing by 16% to 17.3 billion Macau patacas year-on-year, but decreasing by 13% month-on-month. It also points out that the recovery trend is in line with expectations.
HSBC: Macau gambling revenue in September exceeds expectations, galaxy ent (00027) is the top choice.
Starting from late October, gambling operators will begin to announce their third-quarter performance. Morgan Stanley believes that the related performance will basically meet expectations, but expects that the performance of MGM China may fall short of expectations.
Macau casino stocks rallied in the afternoon, with MGM China (02282) rising by 8.06%. Morgan Stanley believes there is still a lot of room for upward valuation in the industry.
King's Finance News | Macau casino stocks surged in the afternoon, with MGM China (02282) up 8.06%, Galaxy Entertainment (00027) up 6.27%, Sands China (01928) up 6.17%, Melco Int'l Dev (00200) up 4.84%, Wynn Macau (01128) up 4.73%, SJM Holdings (00880) up 2.59%. On the news front, the Macau Gaming Inspection and Coordination Bureau announced that September gambling revenue was 17.253 billion Macau patacas, up 15.5% year-on-year, slightly higher than Citic's original forecast of 17 billion Macau patacas; on a monthly basis, it decreased by 1.
Sands China Ltd Announces Corporate Relocation
Express News | Macau Says September Gambling Revenue up 15.5 Pct From a Year Earlier to 17.3 Bln Patacas
Hong Kong stocks show unusual movement | Macau casino stocks continue to rise, strong performance in hotel reservations during Golden Week, industry estimates daily gambling revenue of approximately 0.9 billion Macau yuan.
Macau casino stocks have been continuously rising recently. As of the time of publication, Wynn Macau (01128) rose by 7.3% to 6.76 Hong Kong dollars; SJM Holdings (00880) rose by 5.86% to 3.07 Hong Kong dollars; MGM China (02282) rose by 5.05% to 12.48 Hong Kong dollars.
Optimistic Investors Push Sands China Ltd. (HKG:1928) Shares Up 32% But Growth Is Lacking
China-Linked Stocks Surge Amid Strong Policy Stimulus
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