Haitong International Maintains SANDS CHINA LTD Outperform; 1Q26 Results In Line

AASTOCKS News
2026.04.24 03:53
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Haitong International maintains an Outperform rating for SANDS CHINA LTDfollowing its 1Q26 results, which met market expectations. The company reported net revenue of USD2.114 billion, a 23.7% YoY increase, and adjusted property EBITDA of USD633 million, up 18.3% YoY. Future projections estimate net revenue for 2026-2028 at USD8.145 billion to USD9.079 billion, with adjusted property EBITDA margins around 30%. The target price is set at HKD21.6.