SANDS CHINA LTD(01928.HK)

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SANDS CHINA LTD
01928.HK
Sands China Ltd. develops, owns, and operates integrated resorts and casinos in Macao. It owns and operates The Venetian Macao, The Londoner Macao, The Parisian Macao resort, The Plaza Macao, and The Sands Macao casino; the Cotai Expo, a convention and exhibition hall; and the Cotai Arena and the Londoner Arena entertainment venues, as well as Cotai Water Jet ferry for leisure and business travelers. It offers ferry transportation and leasing services, and pontoon leasing; gaming and other related activities; travel and tourism agency services; security services; human resources administration services; and mall management services, as well as outsourcing services, including information technology, accounting, hotel management, and marketing.
461.05 B
01928.HKMarket value -Rank by Market Cap -/-

Financial Score

01/01/2026 Update
C
Casinos and GamingIndustry
Industry Ranking6/17
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreA
    • ROE111.35%A
    • Profit Margin13.06%B
    • Gross Margin80.21%A
  • Growth ScoreD
    • Revenue YoY-2.70%D
    • Net Profit YoY-13.63%D
    • Total Assets YoY-3.96%D
    • Net Assets YoY113.64%A
  • Cash ScoreC
    • Cash Flow Margin765.65%B
    • OCF YoY-2.70%D
  • Operating ScoreB
    • Turnover0.68B
  • Debt ScoreE
    • Gearing Ratio88.89%E

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
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    Morning Trend | Sands China tests support with increased volume, sector suddenly signals a trend reversal?

    On December 29th, Sands China experienced increased volatility during the trading session, with the gaming sector continuing to be under pressure and a net outflow of funds throughout the day. The lower Bollinger Band at HKD 24.60 became a key point for intraday speculation, with multiple tests failing to stabilize, and increased trading volume heightened market expectations for an overall adjustment. On the news front, there are no new catalysts for the Macau gaming industry, the recovery of travelers is slower than expected, and the macro atmosphere is also becoming cautious. Technically, the 30-day moving average is pressing down, and short-term rebounds have been repeatedly thwarted. The direction of funds in the sector and unusual trading activity during the session are points of focus for subsequent high-frequency speculation. If there are sudden large orders/unusual transactions or unexpected industry positives, it may trigger a rotation in the sector. Overall risk exposure is relatively high and should be closely monitored

    Technical Forecast·
    US
    SCHYY
    -1.08%
    HK
    01928
    -0.56%
    Technical Forecast·
    US
    SCHYY
    -1.08%
    HK
    01928
    -0.56%

    Top 5 HK Stock Gainers/Losers (>100B) (12.29)

    JIANGXI COPPER(00358) rose 6.5%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 252.3%. XPENG-W(09868) rose 3.88%, with a trading turnover 1.8 Billion HKD, and a year-to-date rose 69.5%. ZIJIN GOLD INTL(02259) fell 5.86%, with a trading turnover 650.2 Million HKD, and a year-to-date rose 101.8%. SD GOLD(01787) fell 5.27%, with a trading turnover 727.2 Million HKD, and a year-to-date rose 188.4%.

    Top Gainers & Losers·
    HK
    00358
    +5.36%
    HK
    09868
    -0.94%
    HK
    02097
    -4.34%
    Top Gainers & Losers·
    HK
    00358
    +5.36%
    HK
    09868
    -0.94%
    HK
    02097
    -4.34%

    Morgan Stanley's investment ratings and target prices for Macau gaming stocks (Table)

    Morgan Stanley released a research report, adjusting the investment ratings and target prices for Macau gaming stocks. MGM China’s rating was downgraded from Overweight to Market Perform, with a target price reduced from HKD 19 to HKD 16.5; Galaxy Entertainment’s rating was upgraded from Market Perform to Overweight, with a target price increased from HKD 43 to HKD 44; Sands China maintained an Overweight rating with a target price of HKD 23; Wynn Macau maintained an Overweight rating with a target price of HKD 7.4; SJM Holdings maintained a Underweight rating with a target price of HKD 2.3

    AASTOCKS·
    US
    SCHYY
    -1.08%
    HK
    01928
    -0.56%
    HK
    01128
    +0.85%
    AASTOCKS·
    US
    SCHYY
    -1.08%
    HK
    01928
    -0.56%
    HK
    01128
    +0.85%

    Morning Trend | Sands China sees capital inflow, short-term speculation limited by pressure to close positions

    Sands China Ltd. (1928.HK) showed significant signs of capital inflow yesterday, with large orders appearing multiple times during the trading session, pushing the stock price to fluctuate upward, maintaining a sideways consolidation above the 5-day and 10-day moving averages. The MACD golden cross pattern continues, and short-term sentiment is slightly optimistic, but the pressure from ongoing position liquidation and profit-taking at low levels has not been fully released, with significant characteristics of high-level fluctuations technically. As the policies for Macau's tourism and gaming industry continue to be favorable, the operational expectations for Sands China are gradually improving. Recent reports indicate that market traffic and gaming revenue are steadily recovering, and foreign institutions are beginning to gradually increase their positions. However, the market reflects that short-term speculative funds are quick to enter and exit, and turbulence is likely when encountering sector differentiation or index instability. The options trading volume also showed a significant increase yesterday, indicating that capital competition remains intense. In terms of operational advice, although there is a golden cross and moving average support, short-term top fluctuations are difficult to avoid, especially near resistance levels where competition is likely to occur. Future attention should be paid to whether the stock price can effectively hold above the 10-day line. If trading volume is released and main funds continue to flow in, the upward space may be opened; conversely, a pullback to support followed by repeated fluctuations cannot be ruled out. It is recommended to strengthen risk control for medium and short-term positions, avoid chasing high prices, and closely observe the sustainability of policy impacts on the industry as well as changes in overall capital flow

    Technical Forecast·
    US
    SCHYY
    -1.08%
    HK
    01928
    -0.56%
    Technical Forecast·
    US
    SCHYY
    -1.08%
    HK
    01928
    -0.56%

    Sands China Renews Shared Services Agreement With Las Vegas Sands

    Sands China Ltd. has renewed its Shared Services Agreement with Las Vegas Sands Corp., effective from 2026 after the current agreement expires on December 31, 2025. The renewed agreement is on normal commercial terms and considered fair and reasonable by the board. Relevant directors abstained from voting due to their positions with LVS.

    Reuters·
    HK
    01928
    -0.56%
    US
    SCHYY
    -1.08%
    Reuters·
    HK
    01928
    -0.56%
    US
    SCHYY
    -1.08%
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