Sands China Chairman to Step Down in March 2026

MT NewswiresMar 6 20:08 ET

SANDS CHINA LTD To Go Ex-Dividend On May 29th, 2025 With 0.32148 USD Dividend Per Share

Moomoo NewsMar 6 19:45 ET

SANDS CHINA LTD (01928): Robert Goldstein will resign as chairman.

SANDS CHINA LTD (01928) announced that Robert Glen ...

Zhitong FinanceMar 6 17:42 ET

China International Capital Corporation: It is expected that Macau's total Gambling revenue in March will be at least 18.6 billion Macanese patacas, with a preference for MGM CHINA and GALAXY ENT.

CICC released a Research Report stating that Macau's total Gambling revenue in February this year was 19.7 billion patacas, a year-on-year increase of 6.8% and a month-on-month increase of 8.2%, exceeding market expectations of a year-on-year growth of 0.75%, and recovering to 77.8% of the level in February 2019. The average daily Gambling revenue during this period was 0.705 billion patacas, a year-on-year increase of 10.6% and a month-on-month increase of 19.8%. Among Macau's gambling stocks, MGM CHINA (02282) and GALAXY ENT (00027) are the preferred choices. CICC pointed out that after excluding the seasonal impact of the Spring Festival holiday, the overall average daily total Gambling revenue during January and February this year was 0.644 billion patacas.

Sina Hong Kong StocksMar 3 02:04 ET

[Brokerage Focus] Morgan Stanley indicates that Macau's gambling revenue in February exceeded expectations and forecasts a 3.3% year-on-year increase in total gambling revenue for March.

Jinwu Financial News | Morgan Stanley issued a Research Report indicating that in February, Macau's Gambling revenue increased by 7% year-on-year to 19.7 billion Macau Patacas, surpassing the bank's and market expectations. In the first two months of this year, the total Gambling revenue in Macau remained flat year-on-year, reaching 76% of 2019 levels, with a slower recovery compared to the fourth quarter of last year (80% in 2019). It is expected that Macau's total Gambling revenue will rise by 3.3% year-on-year to 20.1 billion Macau Patacas in March, driving first-quarter Gambling revenue up by 1% year-on-year to 58.1 billion Macau Patacas. The bank is Bullish on Sands China (01928) and MGM CHINA (02282). The bank believes that the former will benefit from the opening of The Londoner and dividend distributions.

Jinwu Financial NewsMar 2 23:15 ET

Morgan Stanley: Assigns GALAXY ENT a "Market Perform" rating with a Target Price of HKD 37.5.

Morgan Stanley released a research report stating that it has given GALAXY ENT (00027) a "Market Perform" rating, with a Target Price of 37.5 Hong Kong dollars. According to Morgan Stanley, GALAXY ENT's performance last quarter was generally in line with expectations. After adjusting for winning rate factors, EBITDA for the last quarter grew by 5% quarter-on-quarter, which met expectations. Morgan Stanley mentioned that the group's total costs in the last quarter increased by 5% compared to the previous quarter, which is better than its competitor MGM CHINA (02282), but weaker than SANDS CHINA (01928) and WYNN MACAU (01128), with a total annual dividend of 1 Hong Kong dollar, meeting expectations. The firm pointed out that GALAXY ENT's reinvestment rate in the mass market increased by 0.9 percentage points quarter-on-quarter to 18.5%.

Sina Hong Kong stocks.Mar 2 20:53 ET