SCHYY SANDS CHINA LTD
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SANDS CHINA LTD News
Macau Casino Operators' Shares Rise After China Expands Travel Visa Scheme
Macau casino operators' shares rose after China expanded its individual travel visa scheme to both Macau and Hong Kong to include eight more mainland cities.
Direct impact of changes | Gaming stocks rose in early trading, May 1st Macau gaming revenue was in line with expectations, and the impact of the new Hong Kong and Macau travel policy was positive
Gaming stocks were higher in early trading. As of press release, Wynn Macau (01128) rose 4.26% to HK$8.33; Aobo Holdings (00880) rose 4.14% to HK$3.02; and MGM China (02282) rose 3.29% to HK$15.06.
China Galaxy Securities: Expected poor opportunities for recommending higher education and gaming sectors in the context of improving Hong Kong stock expectations
Along with the recent overall strengthening of the Hong Kong stock market, China Galaxy Securities proposes to focus on higher education and gaming sectors with large differences in expectations and attractive valuations.
Changes in Hong Kong stocks | Gaming stocks continue to rise, Macau's April gaming revenue surpassed expectations, and the number of inbound visitors during the “May 1st” Golden Week was impressive
Gaming stocks continued to rise. As of press release, Galaxy Entertainment (00027) rose 4.56% to HK$37.85; MGM China (02282) rose 4.02% to HK$14.48; and Sands China (01928) rose 3.11% to HK$19.9.
Gaming stocks generally rose, Galaxy Entertainment (00027) rose 4.7% with 150,000 visitors on the second day of Macau's May 1st Golden Week
Jinwu Financial News | Gaming stocks generally rose. Galaxy Entertainment (00027) rose 4.7%, Sands China (01928) rose 3.89%, MGM China (02282) rose 2.87%, and Wynn Macau (01128) rose 1.72%. On the second day (2nd) of the Mainland's May 1st Golden Week, the Macau Security Police announced the number of visitors entering and leaving the country, including 150,000 inbound visitors, 74,000 entering through the border gates, and 144,000 leaving the country. Yesterday, the total number of people entering and leaving each port was 652,000. On the first day of the Mainland's May 1st Golden Week (1st), Macau recorded 12.1 inbound visitors
Changes in Hong Kong stocks | Macau International Development (00200) rose more than 7% to lead gaming stocks with 121,000 visitors on the first day of Macau's May 1st Golden Week
Gaming stocks were strong in early trading. As of press release, MGM China (02282) rose 7.93% to HK$6.4; MGM China (02282) rose 4.07% to HK$13.82; Wynn Macau (01128) rose 2.74% to HK$7.51; and Wynn Macau (01928) rose 2.87% to HK$7.52.
Changes in Hong Kong stocks | Macau International Development (00200) rose more than 10% to lead gaming stocks, and the National Immigration Administration introduced six policies and measures to facilitate entry/exit management for private enterprises
Gaming stocks generally rose in early trading. As of press release, Macau International Development (00200) rose 9.39% to HK$5.94; Sands China (01928) rose 4.38% to HK$19.54; Aobo Holdings (00880) rose 3.5% to HK$2.96; and Galaxy Entertainment (00027) rose 3.09% to HK$36.7.
Gaming stocks rose collectively, and Melco International Development (00200) rose 9.76%, and the central government promoted a number of measures to benefit Australia
Jinwu Financial News | Gaming stocks rose collectively. Macau International Development (00200) rose 9.76%, MGM China (02282) rose 4.77%, Sands China (01928) rose 4.38%, Aobo Holdings (00880) rose 3.85%, Galaxy Entertainment (00027) rose 3.09%, and Wynn Macau (01128) rose 2.77%. The State Administration of Immigration issued a notice on the 28th regarding the implementation of certain policies and measures to further facilitate the entry and exit management of enterprises for the benefit of the people. These measures will further facilitate personnel exchanges and mutually beneficial cooperation between the Mainland, Hong Kong and Macao, and support the moderate diversification of Macao's economy
[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.
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