01928 SANDS CHINA LTD
- 21.850
- -0.050-0.23%
SANDS CHINA LTD News
Hong Kong stocks fluctuate | Macau Casino stocks rose today as the market anticipates supportive policies for tourism in Macau. Morgan Stanley predicts a 3-4% growth in Macau's gaming revenue in the fourth quarter.
The Macau Casino stocks rose today, as of the time of this report, MGM CHINA (02282) increased by 4.09%, reporting at 10.18 HKD; SANDS CHINA (01928) increased by 4.28%, reporting at 21.95 HKD; GALAXY ENT (00027) increased by 1.94%, reporting at 36.85 HKD; MELCO INT'L DEV (00200) increased by 1.78%, reporting at 5.15 HKD.
J.P. Morgan: Macau's gambling revenue for the first eight days of December has slowed down as expected, with GALAXY ENT being the top choice for next year.
JPMorgan released a research report stating that the top choice among Macau Casino stocks for next year is GALAXY ENT (00027), with a "Shareholding" rating and a Target Price of HKD 48, reflecting its unique profit drivers and a low enterprise value multiple (EV/EBITDA) of 9 times. After that, WYNN MACAU (01128), SANDS CHINA (01928), and MGM CHINA (02282) are also expected to perform well (these three companies share the same ranking), followed by SJM HOLDINGS (00880), and lastly, MELCO INT'L DEV (00200). The report mentioned that the gross gaming revenue for Macau for the first eight days of December was 4.5 billion Macau patacas (down...
[Brokerage Focus] JPMorgan expects Q4 Macau Gambling revenue to increase by 3% to 4% quarter-on-quarter, with GALAXY ENT (00027) as the top pick.
Jinwu Financial News | JPMorgan released a research report indicating that the gross gaming revenue in Macau for the first eight days of December was 4.5 billion (Macau Pataca, the same below), which corresponds to a daily average of 0.562 billion Patacas, a 9% decrease compared to the average daily gaming revenue in November, but within expectations. During this period, the gross gaming revenue from the mass market business was about 105% of the pre-pandemic level, while VIP rooms recovered to about 20% to 23%. Although growth in gaming revenue is expected to slow in December, a quarterly increase of 3% to 4% is still anticipated for the fourth quarter, reaching the highest level in 20 quarters, and this growth momentum is believed to support the industry in meeting the general expectations for the fourth quarter and this fiscal year.
J.P. Morgan: Macau's Gambling revenue for the first eight days of December is expected to slow down month-on-month. The preferred choice for next year is GALAXY ENT (00027).
Morgan Stanley's order of stock selection for Macau Casino next year is GALAXY ENT (00027), WYNN MACAU (01128), SANDS CHINA (01928), and MGM CHINA (02282) (three companies ranked equally), followed by SJM HOLDINGS (00880) and MELCO INT'L DEV (00200).
Hong Kong stocks move | Macau casino stocks generally rise as Goldman Sachs expects synchronized growth in inbound and outbound tourism in mainland China next year, bullish on the industry benefiting from policy support.
Macau casino stocks generally rose. As of the time of writing, Sands China (01928) increased by 4.13% to 21.45 HKD; Galaxy Ent (00027) rose by 2.21% to 37.05 HKD; MGM China (02282) went up by 0.9% to 10.04 HKD; Wynn Macau (01128) increased by 0.67% to 6.04 HKD.
BROOKLYN NETS AND PHOENIX SUNS TO PLAY TWO PRESEASON GAMES IN MACAO IN OCTOBER 2025
"The Lisbon Exchange Group of Macao Science and Technology Enterprises" was successfully held.
Sands China Ltd. aims to stimulate the development of Macau's innovative technology industry through the "Macau Science and Technology Innovation Exchange Group" activity, which took place from November 11th to 15th. In support of the Macau SAR Government's governance concept of promoting the long-term development of the technology industry, this five-day exchange group was organized by Sands China Ltd., co-organized by the Macau Economic and Technological Development Bureau, supported by the Macau Science and Technology Development Fund, and managed by the Sands Resort incubation center, a subsidiary of Sands China dedicated to discovering the potential development of innovative enterprises in Macau.
Macao Enterprises Take Trip to Lisbon With Sands China
Daiwa Capital Markets: The preferred choice in the Macau gaming industry remains Sands China (01928) with a target price of 46 HKD and a "buy" rating.
Daiwa capital markets has set a target price of 46 HKD for Sands China and a target price of 28.6 HKD for Galaxy Ent (00027), both rated as "buy".
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.
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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.
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