[Broker Focus] CITIC Construction Investment maintains Sands China's (01928) “increase in holdings” rating and is expected to benefit from a steady upward trend in the overall recovery of the industry during the year
Jinwu Financial News | CITIC Construction Investment Research Report shows that Sands China's (01928) 24Q1 revenue and performance maintained a steady year-on-year increase. Net earnings and adjusted EBITDA were under pressure compared to 23Q4 in the same period in 2019, but the recovery of core properties such as The Venetian increased month-on-month and remained steady. The overall pressure on 24Q1 may be related to the renovation and renovation of some properties. Peak seasons such as the Spring Festival in the first quarter were also affected by passenger flow. The overall recovery of the retail business improved month-on-month and continued to improve. During the year, it is expected that the company will still benefit from a steady upward trend in the overall recovery of the industry. The company's non-gaming business is actively developing, and overlapping
Damo: Target price for Sands China's “In sync with the market” rating was lowered to HK$21
Morgan Stanley released a research report saying it gave Sands China (01928) a “in sync with the market” rating and lowered the 2025 EBITDA forecast by 3% to US$2.9 billion
CITIC Lyon: To Sands China (01928) “Buy” Ratings Adjusted First Quarter Property EBITDA Low Expectations
The impact on profit and loss of the Macau Londoner Phase II and the Cotai Arena decoration seems to have been higher than anticipated.
Changes in Hong Kong stocks | Sands China (01928) fell more than 4%, and first-quarter revenue and profit margins fell short of expectations, HSBC lowered its market share forecast
Sands China (01928) fell by more than 4%, with a cumulative decline of 18% during the month. As of press release, it decreased by 4.66% to HK$18, with a turnover of HK$108 million.
Hong Kong Stock Announcement Nuggets | Sands China Limited's total net revenue for the first quarter increased 42% year over year to US$1.8 billion
[Financial Report Data] Huadian International Power Co., Ltd. (01071)'s cumulative completed power generation capacity of 56.16 million megawatt-hours in the first quarter fell by about 0.19% year-on-year, and the overall retail value of Lukufu Group (00590) in the fourth quarter of fiscal year 2024 increased by more than 50%, surpassed the same quarter level of FY2019 by more than 50%. Yankuang Energy (01171) commercial coal production in the first quarter increased 15.42% year-on-year to US$1.8 billion [Important matter] Jianyi Group (00638) received a year-on-year increase of 42% year-on-year Resplenden
Komo: Maintaining Sands China's “Overweight” Rating Target Price of HK$27.5
J.P. Morgan Chase released a research report saying that maintaining Sands China's (01928) “plus” rating, the group's stock price is expected to rise next year, with a target price of HK$27.5. It was disappointing that the company's first-quarter EBITDA fell slightly short of expectations. However, most of the negative effects were due to associated refurbishment works and seasonal effects. Although this situation may continue for several quarters, the bank believes that the current stock price still provides a rare and attractive buying opportunity. The bank believes that Sands China has high-quality assets and business, and has an attractive valuation; in the medium term, it is expected that the group will pay a dividend for the 2024 fiscal year in February next year.
Sands China's Ebitda May Improve After Renovations -- Market Talk
Sands China's Ebitda looks set to improve when the Londoner Macao reopens following renovation works, Citi Research analysts George Choi and Ryan Cheung say in a note.
Las Vegas Sands Corp (LVS) Q1 2024 Earnings Call Transcript Highlights: Strong Performance and ...
Big Bank Ratings|Damo: Maintaining Sands China's “In sync with the market” rating, the first quarter's performance fell slightly short of expectations
According to a research report published by Morgan Stanley, Sands China's performance in the first quarter fell slightly below expectations. Property EBITDA fell 7% quarterly to US$610 million, reaching only 71% of the same period in 2019, 7% lower than the bank's forecast of US$658 million. The EBITDA for properties taking into account profit margin adjustments was US$641 million, and 4% lower than market expectations of US$665 million.
Komo: Maintaining the target price of HK$27.5 in the “Accumulation” rating of Sands China (01928)
Komoro China (01928) will pay a dividend for the 2024 fiscal year in February next year.
Sands Says US$200 Mil Renovations Will Impact Macau Results This Year
Las Vegas Sands Corp said renovations at an entertainment centre and a hotel in Macau will crimp results this year, sending the shares lower in extended trading. The casino and resort company closed its Cotai Arena in January for US$200 million (RM957.49 million)in renovations.
Macau Casino Operators Set to Deliver Positive Earnings Growth in 2024 -- Market Talk
Macau casino operators are poised to deliver positive growth in revenue and profitability this year as Macau's fundamentals continue to ramp up strongly following three years of pandemic-related shutdowns, says Vitaly Umansky, senior analyst at Seaport Research Partners, in a note.
Changes in Hong Kong stocks | Macau International Development (00200) falls by more than 4%, leading the decline, gaming stock Citi expects the industry's EBITDA to increase by only 2% month-on-month in the first quarter
Gaming stocks generally declined in early trading. As of press release, Melco International Development (00200) fell 4.01% to HK$5.5; Sands China (01928) fell 3.87% to HK$21.1; Galaxy Entertainment (00027) fell 3.27% to HK$38.5; and MGM China (02282) fell 2.29% to HK$13.64.
Macquarie: The profit of Macau gaming stocks in the first quarter will be affected by market share, and Galaxy Entertainment (00027) and Sands China (01928) are preferred
Macquarie is optimistic that Galaxy Entertainment (00027) and Sands China (01928) will be renovated this year and beyond, have strong real estate reserves, and sufficient inventory of hotel rooms.
Sands to Release First Quarter 2024 Financial Results
LAS VEGAS, April 10, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) will release its first quarter 2024 financial results on Wednesday, April 17, 2024, after market close. The company will host a c
Macau Gaming Sector's Growth Pace Remains Unclear -- Market Talk
The trajectory of growth for Macau's gaming industry remains unclear, with the sector only experiencing modest growth in recent months, Jefferies analysts write in a research note.
Lyon: MGM China (02282) and Sands China (01928) are preferred for the latest ratings and target prices (table) for Macau gaming stocks
Lyon raised Macau's gaming revenue forecast for this year by 4% to US$30.3 billion.
Is It Time To Consider Buying Sands China Ltd. (HKG:1928)?
Sands China Ltd. (HKG:1928) saw a decent share price growth of 12% on the SEHK over the last few months. Shareholders may appreciate the recent price jump, but the company still has a way to go befo
Gaming stocks rose collectively; Melco International Development (00200) rose 3.67% Gaming revenue in the first 3 months increased 65.5% year-on-year
Jinwu Financial News | Gaming stocks rose collectively. Macau International Development (00200) rose 3.67%, Galaxy Entertainment (00027) rose 3.31%, Sands China (01928) rose 3.17%, Wynn Macau (01128) rose 2.15%, Aobo Holdings (00880) rose 1.67%, and MGM China (02282) followed 1.707%. Macau's gaming revenue in March was 19.503 billion patacas, a year-on-year increase of 53.1% higher than expected. Macau's gaming revenue in January-March was MOP 57.3 billion, an increase of 65.5% over the previous year.
Smart Communications Decision Reference | Market progress forms a consensus expectation that Xiaomi and the industrial chain are hot spots
Looking at the market as a whole, there are still plenty of opportunities.
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