Morgan Stanley: Raises Sands China's target price to HKD 23, upgrades earnings forecast, maintains "Overweight" rating

Zhitong
2025.10.28 06:09
portai
I'm PortAI, I can summarize articles.

Morgan Stanley released a research report stating that it expects Sands China to have a 9% growth in free cash flow to equity (FCFE) next year, raising the target price for the stock by 10%, from HKD 21 to HKD 23, and maintaining an "Overweight" rating. Morgan Stanley has raised its EBITDA forecasts for Sands China for 2025 to 2027 by 1%, 6%, and 8%, resulting in earnings per share estimates for the period increasing by 1%, 12%, and 14%, respectively