Sands to Release Third Quarter 2024 Financial Results

PR Newswire16:05 ET

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

Sina Hong Kong stocksOct 15 03:15 ET

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.

Zhitong FinanceOct 13 23:24 ET

Macau Elects Former Judge Wary of Casinos as Its New Leader

BNN BloombergOct 12 23:48 ET

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

Gelonghui FinanceOct 10 01:12 ET

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

Sina Hong Kong stocksOct 9 03:11 ET