MB-MGMC@EC2607A(18291.HK)

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MB-MGMC@EC2607A
18291.HK
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BUZZ-Sands China hits 7-month low as net income falls; rivals slip

Shares of Sands China Ltd fell 8.5% to HK$17.24, marking a 7-month low, and are on track for their largest one-day percentage drop since April 7. The company reported a 10.1% year-on-year decline in Q4 2025 net income to $213 million, with a 14.2% drop for the year. Despite a 16.4% increase in Q4 total net revenue to $2.05 billion, the stock is down 11.8% year-to-date. Rivals SJM, Wynn Macau, Melco International, MGM China, and Galaxy Entertainment also saw declines between 2.1% and 3.9%.

Reuters·
US
SCHYY
-1.41%
US
MLCO
+0.17%
HK
02282
0.00%
Reuters·
US
SCHYY
-1.41%
US
MLCO
+0.17%
HK
02282
0.00%

S&P expects Macau's gaming revenue growth to slow to between 3% and 7% this year

S&P Global Ratings expects that Macau's gaming revenue growth will slow to between 3% and 7%. The industry is transitioning from the post-pandemic recovery phase to mature development, affected by weakened consumer power in China and limited supply of new facilities. Nevertheless, robust corporate operations and market share growth will still provide moderate upward potential for the industry. S&P emphasizes that deleveraging is crucial for the rating recovery of companies such as Wynn Resorts, MGM Resorts, Melco Resorts & Entertainment, and Studio City

AASTOCKS·
HK
01128
-0.17%
HK
02282
0.00%
US
MGM
+0.60%
AASTOCKS·
HK
01128
-0.17%
HK
02282
0.00%
US
MGM
+0.60%

HSBC Research raises Macau's gaming revenue growth forecast for this year and upgrades Sands China to a "Buy" rating

HSBC Global Research raised its forecast for Macau's gaming revenue growth in 2026 to 8%, expecting it to reach MOP 26.447 billion, and upgraded Sands China from "Hold" to "Buy," increasing the target price from HKD 18.8 to HKD 24, with an expected profit growth of 33% in 2026. Meanwhile, Galaxy Entertainment's target price was raised from HKD 43.5 to HKD 47, maintaining a "Buy" rating, while MGM China’s target price was lowered from HKD 17.3 to HKD 17, maintaining a "Buy" rating

AASTOCKS·
US
SCHYY
-1.41%
HK
01928
-1.79%
HK
02282
0.00%
AASTOCKS·
US
SCHYY
-1.41%
HK
01928
-1.79%
HK
02282
0.00%

Investment Ratings and Target Prices for Gaming Stocks by Citigroup in "Big Banks" (Table)

Citi released a research report, updating the investment ratings and target prices for gaming stocks. The target price for Galaxy Entertainment is adjusted to HKD 49.5, MGM China to HKD 20.9, Sands China to HKD 22.9, WYNN MACAU to HKD 8.2, and Melco Resorts to USD 12.1. All stocks are rated as outperform

AASTOCKS·
HK
01128
-0.17%
US
GXYYY
-1.51%
HK
00027
-1.73%
AASTOCKS·
HK
01128
-0.17%
US
GXYYY
-1.51%
HK
00027
-1.73%

MGM CHINA grants employees a one-month non-recurring bonus

MGM CHINA announced that it will distribute a one-month salary equivalent non-recurring bonus to eligible employees starting from January 21, benefiting approximately 95% of team members. He Chaohong, Chairman and Executive Director of MGM CHINA, stated that looking ahead, MGM will continue to leverage its core strengths, maintain its focus and dedication to guests, adhere to the "Original + Innovation" philosophy, and continuously create more diverse tourism products to contribute to consolidating Macau's position as a world-class tourism and leisure center

AASTOCKS·
HK
02282
0.00%
AASTOCKS·
HK
02282
0.00%
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