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[Hong Kong Stock Connect] Sands China (01928) previously rose 3.42%, with the shareholding of the controlling shareholder increasing to 71.7%. Credit Suisse rates it as 'outperform' the market.
Jing Wu News | The stock price of Sands China (01928) has fluctuated and risen, with a peak increase of 3.42% to HKD 13.92. As of the time of writing, it is still up 2.38% at HKD 13.78, with a turnover of 0.148 billion HKD. A report from Lyon Research shows that Las Vegas Sands (LVS.US) plans to invest up to 0.103 billion US dollars to increase its shareholding in Sands China, which, based on Monday's closing price, may increase its stake to 71.7%. In addition to the acquisition in the first quarter of this year, LVS has invested a total of 0.353 billion US dollars. Lyon's target price for Sands China is HKD 19.8.
Hong Kong stocks have rebounded collectively, with Sands China (01928) up more than 3% and Melco International Development (00200) up more than 2%.
Macau casino stocks have collectively rebounded. As of the time of publication, Sands China (01928) rose 3.12% to HKD 13.88; Melco International Development (00200) rose 2.85% to HKD 3.97; Galaxy Entertainment (00027) rose 2.33% to HKD 28.55.
Lyon: Goldman Sachs China 'Outperform' rating, target price of 19.8 Hong Kong dollars
Lyon released a research report stating that Las Vegas Sands, the controlling shareholder of Sands China (01928), plans to increase its shareholding by up to 0.103 billion US dollars. Based on Monday's (9th) closing price, its potential shareholding could increase by up to 0.74 percentage points to 71.7%. Together with the previous round of equity acquisition completed by LVS in the first quarter of this year, LVS plans to increase its shareholding in Sands China by 0.353 billion US dollars. The target price for Sands China by this bank is 19.8 Hong Kong dollars and the rating is "outperform the market".
Hong Kong stocks are volatile | Sands China (01928) fell more than 3%, leading the decline in macau casino stocks. Citigroup lowers its forecast for Macau's September gambling revenue.
Macau casino stocks have generally declined. As of the time of writing, Sands China (01928) fell 3.46%, trading at HKD 13.4; MGM China (02282) fell 2.97%, trading at HKD 9.71; Wynn Macau (01128) fell 2.81%, trading at HKD 4.84.
Macau casino stocks are weak across the board, with MGM China (02282) falling 2.57%. Citigroup lowered its September gambling revenue forecast.
Golden Horse Financial News | Macau casino stocks are weak across the board, with MGM China (02282) down 2.57%, Melco Int'l Dev (00200) down 2.02%, Wynn Macau (01128) down 2.01%, Sands China (01928) down 1.87%, and Galaxy Ent (00027) down 1.38%. On the news front, Citigroup's report stated that based on industry data, Macau's gambling revenue for the first 8 days of September may reach around 4.75 billion Macau patacas. The implied daily gambling revenue for this period is around 0.594 billion Macau patacas, a decrease of about 6% compared to the daily gambling revenue of around 0.635 billion Macau patacas for the last 13 days of August.
Sands China Ltd.'s (HKG:1928) Largest Shareholders Are Public Companies With 71% Ownership, Institutions Own 15%
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搞经济 抄底 加仓 OP : will it shoot to 16 after market . 8B HKD easily breaks .. just only they want it or not