MGM CHINA (02282) rose 4.43%, leading the Macau Casino sector. Morgan Stanley indicates that Macau Casino stocks have been over-corrected.

King Wu Financial News | MGM CHINA (02282) reported a 27.15% year-on-year increase in total revenue, driving the stock price up by 4.43%, leading the Macau Casino sector. Additionally, MELCO INT'L DEV (00200) rose by 3.38%, Sands China (01928) increased by 3.65%, SJM HOLDINGS (00880) went up by 3.43%, GALAXY ENT (00027) added 2.44%, and WYNN MACAU (01128) climbed by 1.95%. JPMorgan stated that it believes the Macau Casino stocks have been excessively corrected (down 12% year-to-date while the Hang Seng Index has risen by 6%), but before the market expectations are fully reset, establish.

Jinwu Financial NewsFeb 12 20:40 ET

【Hong Kong Stock Connect】Sands China (01928) rose over 3% in early trading, considering the distribution of the final dividend next week. Morgan Stanley expects the group to outperform the market in the next 60 days.

Jinwu Financial News | Sands China (01928) saw its stock price rise in early trading, with a gain of 3.04% to HK$16.96 as of the time of reporting, with a trading volume of HK$61.8469 million. Morgan Stanley's report stated that it believes Sands China has over an 80% chance of outperforming the market in the next 60 days, with a Target Price of HK$21.5 and a rating of "Shareholding". The report indicates that the stock has recently been sold off, making its short-term valuation more attractive. Sands China recently announced the date for the Board of Directors meeting, marking the first use of the term "considering a proposal for the final dividend" since April 2020. Before the COVID-19 pandemic, similar announcements from Sands China typically included similar wording, but that is not the case thereafter.

Jingwu Financial NewsFeb 12 20:37 ET

Major bank ratings | JPMorgan: Macau Casino stocks have been overly corrected, continuing to prefer GALAXY ENT and MGM CHINA.

J.P. Morgan stated that Sands China will hold a Board of Directors meeting next Friday (February 21) to consider a dividend proposal, which is the first in five years. The timing of the potential dividend is earlier than the bank's current forecast, so it can be seen as a slight Bullish signal. However, the bank does not have high expectations for significant dividends this year, expecting the first round of dividends to be cautious at HKD 0.25 per share every six months (or HKD 0.5 for the entire year of 2025), which means a yield of over 3% at the current level; although better than nothing, it may not have a significant impact on stock prices. The bank believes that Macau Casino stocks have been excessively corrected (down 12% year-to-date.

Gelonghui FinanceFeb 12 02:19 ET

SANDS CHINA LTD (01928.HK) held a Board of Directors meeting on February 21 to review and approve the publication of the annual performance.

Gelonghui reported on February 11 that SANDS CHINA LTD (01928.HK) announced the Board of Directors meeting will be held on February 21, 2025 (Friday), to review and approve the announcement of the company's annual performance for the year ending December 31, 2024, as well as to consider the proposal for the final dividend for the year ending December 31, 2024, if any.

Gelonghui FinanceFeb 11 03:42 ET

SANDS CHINA LTD: Date of Board Meeting

HKEXFeb 11 03:35 ET · Announcements

Hong Kong stocks movement | Macau Casino stocks broadly declined in the morning, with January's Macau gaming revenue down 5.6% year-on-year. Goldman Sachs expects a brief adjustment in the industry's revenue last quarter.

Macau Casino stocks fell broadly in the morning; as of the time of writing, GALAXY ENT (00027) was down 4.58% at HKD 28.15; Sands China (01928) was down 4.49% at HKD 16.16; WYNN MACAU (01128) was down 3.65% at HKD 5.01; MGM CHINA (02282) was down 3.27% at HKD 9.75.

Zhitong FinanceFeb 10 21:42 ET