No Data
No Data
SANDS CHINA LTD: 2023 Annual Report
Goldman Sachs: Wynn Macau and MGM China resume dividend payments sooner than expected, and Sands China may follow
Goldman Sachs released a research report stating that Wynn Macau (01128) and MGM China (02282) have resumed dividend payments one after another. The bank believes that Sands China (01928) may be one of the next operators to resume dividend payments and is expected to resume dividends within the 2024 fiscal year. After considering resuming dividend payments, the bank slightly adjusted Wynn Macau and MGM China's 2024-2026 EBITDA estimates. The target price for Wynn Macau dropped slightly from HK$8.5 to HK$8.4, while MGM China's target price rose from HK$13.6 to HK$14.4, giving each of the two companies a “neutral” rating. According to the report, given that
Nearly 10,000 Runners Join Sands China Macao International 10K
Sands China organises event for first time Part of Sands China's support of 'tourism + sport' MACAO, March 25, 2024 /PRNewswire/ -- Nearly 10,000 runners from 48 countries and regions ran in the 2024
Hong Kong Stock Concept Tracking | Macau's inbound visitors have recovered to 90% before the pandemic, and the performance of gaming companies with strong demand-side certainty will gradually improve (with concept stocks)
As far as demand is concerned, Macau gaming companies are generally optimistic about the sustainability of the recovery in midfield gaming revenue, and non-gaming activities are also increasing Macau's appeal.
Changes in Hong Kong stocks | Galaxy Entertainment (00027) rose more than 4% to lead gaming stock UBS says operating expenses and competitive pressure on Macau gaming stocks have eased
Gaming stocks picked up in early trading. As of press release, Galaxy Entertainment (00027) rose 3.69% to HK$40.75; MGM China (02282) rose 3.25% to HK$12.08; Aobo Holdings (00880) rose 3.03% to HK$2.38; and Sands China (01928) rose 2.84% to HK$21.75.
UBS: Macau Gaming Stocks Prefer Sands China as Operating Expenses and Competitive Pressure Ease
UBS released a research report saying that the operating expenses, competitive environment and non-gaming business development of gaming companies in Macau are becoming positive, and that they are optimistic about the prospects of the industry, and prefer Sands China (01928). As far as demand is concerned, Macau gaming companies are generally optimistic about the sustainability of midfield gaming revenue recovery. Non-gaming activities also enhance Macau's appeal, giving Sands China, Macau International Development (00200), Galaxy Entertainment (00027), MGM China (02282), Wynn Macau (01128), and Aobo Holdings (00880). Target prices are 26.9, 7.3
No Data