【Brokerage Focus】CITIC SEC indicated that Macau's GGR in February is expected to show a "long tail effect."

Jinwu Financial News | CITIC SEC stated that in the first seven days before the Spring Festival holiday in 2025 (from the first to the seventh day of the first lunar month), the total inbound passenger flow to Macau has recovered to 98% of the same period in 2019, consistent with the expectations for Q4 2024. However, due to the high proportion of family travel in the Macau tourism market during the Spring Festival holiday, the gambling market has been experiencing "crowded but not profitable" conditions, leading to a noticeable adjustment in the sector due to slightly weaker gambling data. The firm observed a significant warming in demand after the Spring Festival holiday, with February GGR expected to show a "long tail effect", predicting that the combined GGR for January and February will remain flat compared to the same period in 2024. The firm believes that the recent sector adjustment has fully reflected this.

Golden Sentinel Finance News19:58 ET

Sands China Ltd. Just Recorded A 8.6% EPS Beat: Here's What Analysts Are Forecasting Next

Simply Wall StFeb 25 17:54 ET

[Brokerage Focus] China Securities Co.,Ltd. maintains a "Shareholding" rating on Sands China Limited (01928), indicating that its market share and overall Operation performance are expected to continue improving.

Jinwu Financial News | China Securities Co.,Ltd. Research Reports indicate that Sands China (01928) expects a total net income of 7.08 billion USD in 2024, up 8.4% year-on-year. Net income attributable to shareholders is 1.045 billion USD, a year-on-year increase of 51.0%. Adjusted EBITDA is 2.329 billion USD, up 4.7% year-on-year. In Q4 2024, the impact of the peak renovation period is noted, but this peak period has gradually passed, and the adjusted EBITDA rate in Q4 2024 remains basically stable. Recently, the company anticipates that through steady nurturing it will achieve an increase in market share, with expectations of property development and the gradual release of reception capacity leading to a clustering effect of customer flow.

Jingwu Financial NewsFeb 25 03:12 ET

Major bank rating | Bank of America: Reiterates "Buy" rating on Sands China, earlier than expected time to resume dividend payments.

Bank of America Securities issued a research report indicating that Sands China is likely to resume dividend payments earlier than expected. The forecast for the group's dividend for the 2025 fiscal year is expected to be 0.63 Hong Kong dollars, and the 2026 dividend forecast has been raised from 0.93 Hong Kong dollars to 1.02 Hong Kong dollars, implying a dividend yield of 3.8% this year and 6% next year. Bank of America Securities stated that although Sands China's market share in gaming revenue has decreased recently, this should enhance Sands' attractiveness to income or value investors. The bank reaffirmed a 'Buy' rating on the stock, with a Target Price of 24 Hong Kong dollars.

Gelonghui FinanceFeb 24 21:31 ET

Sands China's 2024 Profit Rises

MT NewswiresFeb 24 01:03 ET

Hong Kong Stock Midday Review | Hang Seng Index dropped by 0.55% in the morning session, while real estate stocks rose against the trend, and Concept stocks related to CRO had the largest declines.

The Hong Kong Hang Seng Index fell 0.55%, closing at 23,348.82 points, with a morning turnover of 231.157 billion HKD; the Hang Seng TECH Index decreased by 1.44%.

Zhitong FinanceFeb 23 23:00 ET