01928 SANDS CHINA LTD
- 20.300
- +0.460+2.32%
SANDS CHINA LTD News
Lyon: Minor decline in next year's Macau gaming industry revenue and EBITDA forecast, with first choice being Sands China and galaxy ent.
Lyon released a research report stating that considering the signs of slowing internal growth in Macau's daily gambling revenue this year, the annual forecast for Macau's gambling revenue for the next two years will be reduced by 1%. It is predicted that the gambling revenue in 2025 will increase by 4% to 235.8 billion Macau yuan, and the growth rate in 2026 is expected to rise to 10.4%, reaching 260.2 billion Macau yuan. The bank indicated that adjusted EBITDA forecasts for the Macau gambling industry in 2025 and 2026 were reduced by 2.5% and 4% respectively, to an increase 8% and 10.2%. The bank maintains its investment rating for the 7 gambling operators unchanged, with Sands China (019) being the top choice for next year.
Consumer potential has been validated by data! Hong Kong stock tourism concept stocks have been popular for several consecutive days, with meilan airport rising nearly 13%.
① Hong Kong stocks in the travel concept sector have been popular for several days; what bullish factors are driving the sector's trends? ② The potential for travel consumer spending has been validated; how do institutions view it?
Express News | Macau Says November Gambling Revenue up 14.9 Pct From a Year Earlier to 18.4 Bln Patacas
ubs group: Zhuhai residents will travel to Australia weekly next year, which is a mild bullish factor for gaming stocks, with Sands China being the top choice.
UBS Group released a research report stating that the National Immigration Administration announced that Zhuhai household residents can apply for the 'One Week, One Trip' to Macau starting from January 1st next year; while residents of the Hengqin Guangdong-Macao Deep Cooperation Zone can 'One Permit, Multiple Trips' to Macau. The bank believes that the above actions are moderately bullish for Macau's casino stocks, reflecting the central government's support for Macau, but due to the limited coverage, it is unlikely to bring significant growth to gambling revenue. The bank remains bullish on Macau's gambling industry, with Sands China (01928) as its top pick.
Hong Kong stocks anomaly | Macau casino stocks rebound in early trading. In October, Macau's inbound tourists increased by 13.7% year-on-year, with a significant increase in international tourists.
Macau casino stocks warmed up in the morning session. As of the time of reporting, Sands China (01928) rose 4.26% to HKD 19.58; Melco Int'l Dev (00200) rose 2.43% to HKD 4.64; SJM Holdings (00880) rose 2.33% to HKD 2.64; Galaxy Ent (00027) rose 1.86% to HKD 32.9.
Macau Casino Revenue Is Improving, but the U.S. Election Results Have Clouded the Investor Outlook
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HK stocks fluctuate | Macau casino stocks generally fell today. Gambling revenue in November may significantly decline month-on-month. Large institutions say retail remains weak.
Macau casino stocks fell today, as of the time of publication, Sands China (01928) fell by 5.11%, closing at HK$19.5; Galaxy Ent (00027) fell by 4.17%, closing at HK$34.45; mgm china (02282) fell by 4%, closing at HK$9.59; wynn macau (01128) fell by 4.06%, closing at HK$5.67.
Morgan Stanley: Latest rating and target price of Macau casino stocks (table). Galaxy Ent (00027) was the only market share growth in October.
Galaxy Ent (00027) saw a 4 percentage point increase in market share in October to 21%, the only Macau gaming enterprise to achieve market share growth during the period. Management attributed this to the concert held by the movie star Andy Lau during the National Day Golden Week.
Hong Kong stock abnormal | Sands China (01928) fell nearly 3% intraday, institutions pointed out that the peak of the negative impact of the renovation project by Londoners is approaching.
Sands China (01928) fell nearly 3% during the day, as of the time of publication, it dropped by 2.88%, at 20.2 Hong Kong dollars, with a turnover of 0.123 billion Hong Kong dollars.
[Brokerage Focus] Soochow Securities (Hong Kong) maintains a "buy" rating on Sands China (01928), indicating that the peak of the negative impact of the London renovation project is approaching.
King's Financial News | Soochow Securities (Hong Kong) issued research reports, stating that Sands China (01928) achieved a total gambling revenue of 1.68 billion US dollars in 3Q24, recovering to 82.6% of the same period in 19. Among them, VIP/mass market (including slot machines) achieved gambling revenue of 0.18/1.5 billion US dollars, respectively recovering to 40.4%/94.2% of the same period in 19 (referring to the data from the gaming bureau, the industry VIP/mass market (including slot machines) recovered to 42.1%/107.1% of the same period in 19.) The bank stated that the company's net income in 3Q24 reached 1.77 billion US dollars, slightly exceeding the market expectation of 17.
Daiwa: Galaxy Ent rated 'in line with the market' with a target price of 39.5 Hong Kong dollars.
DBS released a research report stating that it maintains a 'market-perform' rating on galaxy ent (00027), with a target price of 39.5 Hong Kong dollars, currently more bullish on Sands China (01928) among the casino stocks. The company's performance in the third quarter basically met expectations. The report mentioned that the company's adjusted EBITDA in the third quarter fell by 7% to 2.94 billion yuan, reaching 71% of the same period in 2019, 2% higher than DBS and market expectations. Excluding the mid-market share of CityClubs, which increased by 50 basis points quarterly, mid-market gambling revenue also increased by 1% year-on-year. However, DBS pointed out that in the third quarter, overall costs for silver ent
Macau casino stocks rose, with Wynn Macau (01128) up 2.52%. Total consumer spending by tourists in the first three quarters increased by 8% annually. However, Goldman Sachs believes that Macau's gambling revenue growth will slow down in the future.
Kin Wu Financial News | Macau casino stocks collectively rise, Wynn Macau (01128) up by 2.52%, Paradise Ent (01180) up by 2.2%, Melco Int'l Dev (00200) up by 1.76%, Sands China (01928) up by 1.66%, MGM China (02282) up by 1.37%. According to statistics from the Macau Special Administrative Region government's Statistics and Census Service, total consumer spending by tourists in the first three quarters of 2024 increased by 8% year-on-year to 56.21 billion Macau patacas, mainly driven by a significant 30.1% growth in tourist arrivals in the first three quarters compared to the same period last year. Among these, total consumer spending by overnight tourists and non-overnight tourists
[Special Guest V] Deng Shengxing: Market is quietly awaiting the results of the USA election and interest rate decision. Hong Kong stocks are sluggish.
King's Wealth News | Hang Seng Index closed at 20506 on Monday (4th), up by 189 points or 0.9%. The total market turnover was 141.4 billion yuan for the whole day. China Index rose by 78 points or 1.1%, closing at 7342; Technology Index fell by 15 points or 0.3%, closing at 4483. According to the statistics of China Index Research Institute, sales of the top 100 mainland real estate developers in October increased by 10.6% year-on-year, with mainland real estate stocks being sought after. Longfor Properties (00960) rose by 3.3% today, with a weekly increase of 7.2%, showing the best performance among blue-chip stocks this week; Macau's gambling revenue in October exceeded expectations, surpassing 20.7 billion yuan, the highest monthly figure since January 2020. Casino stocks in Macau are doing well. Sands China.
Dahua Jixian: First choice in Macau gaming industry to be transformed into Sands China, target price of 28.6 Hong Kong dollars.
Dahua Jianxian released a research report stating to maintain a 'shareholding' stance on the Macau gambling industry, preferring to switch to Sands China (01928), with a target price of 28.6 Hong Kong dollars. They believe the group's gambling revenue recovery will accelerate from the first quarter of next year. The report states that Macau's gambling revenue in October this year was 20.8 billion Macau dollars (same below), up 7% year-on-year, a 20% increase month-on-month, slightly exceeding market expectations, and recovering to 79% of the 2019 level. Due to the record-breaking performance during the Golden Week, this data also reached a post-pandemic high. In addition, the number of visitors to Macau last quarter has also recovered to 93% of the 2019 level, but the percentage of overnight visitors has decreased by the quarter.
Macau Gaming Revenue Jumps 6.6% in October, Beats Estimates
Hong Kong stock market anomaly | Sands China (01928) rose more than 4% in the afternoon, exceeding expectations in the third quarter performance. It may resume dividends and buy back shares in the coming years.
Sands China (01928) rose more than 4% in the afternoon, as of the time of publication, up 4.19%, at 20.65 Hong Kong dollars, with a turnover of 0.252 billion Hong Kong dollars.
Express News | Macau Says October Gambling Revenue up 6.6 Pct From a Year Earlier to 20.8 Bln Patacas
Should You Investigate Sands China Ltd. (HKG:1928) At HK$19.98?
Sands China's Shares Look Slightly Undervalued -- Market Talk
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