CTSANDS@EC2607A

Sands China Announces Annual Results and New Chairman

Sands China Announces Last Year's Performance, Net Income Up Over 50%

SANDS CHINA LTD released FY2025 Q3 earnings on February 13, 2026 (BJT), actual revenue HKD 15.37 B (forecast HKD 14.86 B), actual EPS HKD 0.2322 (forecast HKD 0.2331)

Sands China Ltd released FY2025 9 Months earnings on February 13, 2026 (BJT), actual revenue HKD 42.66 B, actual EPS HKD 0.6307

Shanghai Sands Reports 14.3% Decrease in Net Revenue for 2025 Fiscal Year

SANDS CHINA LTD released FY2025 earnings on February 13 After-Market (BJT), actual revenue HKD 58.04 B (forecast HKD 57.96 B), actual EPS HKD 0.8632 (forecast HKD 0.9938)

SANDS CHINA LTD released FY2025 Q4 earnings on February 13 After-Market (BJT), actual revenue HKD 15.37 B (forecast HKD 15.84 B), actual EPS HKD 0.2321 (forecast HKD 0.3108)

Multiple Countries to Release Macro Data and Officials to Give Speeches

Sands China Partners with Alipay to Enhance Macau's Tourism with Payment Technology

Fitch Upgrades Galaxy Entertainment's Rating to 'BBB' from 'BBB-'

SANDS CHINA LTD to release FY2025 earnings on February 13 After-Market (BJT), forecast revenue HKD 58.19 B, EPS HKD 0.9948

JPMorgan Maintains Overweight Rating on Sands China Despite Forecast Adjustment

Shanghai Sands to Hold Board Meeting to Approve Annual Performance and Dividend Recommendations

CICC Publishes Q4 Financial Report Research on Sands China

HTI Maintains Outperform Market Rating for Sands China and Predicts Future Performance

Morgan Stanley Analyzes Sands Q4 Earnings and Maintains Overweight Rating

Sands China Reports 16.4% Increase in Net Revenue for Q4 2025

Las Vegas Sands Reports Q4 Revenue Beat, Plans Continued Stock Repurchase

J.P. Morgan Report Predicts Recovery in Macau's Gaming Industry

Morgan Stanley Downgrades Macau Gaming Sector's Q4 2025 Forecast and Provides Individual Stock Ratings

DAISHOMICROLINE

PUTIAN COMM

MOBI DEV

NANFANG COMM

ADD NEW ENERGY

ELIFE HLDGS

SIWI SCI & TECH

DTXS SILK ROAD

SANDMARTIN INTL

HAO BAI INTL

01928

AWAY

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Sands China Ltd. emphasizes sustainable growth through its people strategy, which earned 32 awards in 2025. The company introduced innovative initiatives like Child Care Leave and AI health screenings to support team members. Additionally, Sands China is committed to community development through student placements and career programs. As the largest operator of integrated resorts in Macao, Sands China aims to enhance Macao's status as a global tourism hub.

Acceswire

Invesco Leisure & ENT ETF

VanEck Gaming ETF

SANDS CHINA LTD

ETFMG Travel Tech ETF

Sands China

Sands China Champions Sustainable Growth Through People, Planet and Progress

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HSBC Global Research report pointed out that tourism consumption in Macau during the Spring Festival showed resilience, with total revenue of MOP 14.3 billion in the first 22 days and an average daily revenue of MOP 786 million. The number of visitors to Macau increased by 13% to 14% year-on-year. The research maintains a "Buy" rating for Sands China, Galaxy Entertainment, and MGM China, expecting Sands China to have a price-to-earnings ratio of 14.8 times, a target price of MOP 47 for Galaxy Entertainment, and a target price of MOP 17 for MGM China

AASTOCKS

Galaxy Entertainment Group

MGM CHINA

GALAXY ENT

"Large Banks" Huizheng: The Spring Festival passenger flow demonstrates the resilience of tourism consumption, maintaining "Buy" ratings for Sands China, Galaxy Entertainment, and MGM China

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Citigroup's report shows that the Macau gaming industry started strong in the Year of the Horse, with high-end mid-market per capita bets reaching a record high of MOP 29,625, an increase of 13% compared to last year. It was observed that the number of high rollers with bets exceeding MOP 500,000 increased to 7, and the minimum bet for baccarat rose to MOP 2,347. Citigroup is optimistic about Macau's total gaming revenue forecast for 2026, expecting a growth of 1% to MOP 20 billion. Gaming stocks performed well, with Galaxy Entertainment seeing the largest increase of 3.1%

Stheadline

SJM HOLDINGS

MELCO INT'L DEV

WYNN MACAU

Citigroup expects Macau's gaming industry to have a strong start in the Year of the Horse, with high-end mid-market per capita betting reaching a new high

Citi released a research report indicating that the Macau gaming industry has had a strong start, with high-end mass market performance continuing to strengthen and average betting amounts reaching record highs. It is expected that February's gaming revenue will grow by 1% to MOP 20 billion. Citi is optimistic about Galaxy Entertainment and has given it a buy rating with a target price of HKD 54. Other ratings for Macau gaming stocks include buy for MGM China at HKD 18.25, buy for Sands China at HKD 23, buy for Wynn Macau at HKD 7.55, sell for SJM Holdings at HKD 2.23, and buy for Melco Resorts at USD 10.5

"Big Banks" Citigroup: Macau's gaming industry starts strong, most optimistic about Galaxy Entertainment

WYNN

MLCO

Citigroup expects Macau's gaming revenue to reach MOP 20 billion in February this year, a year-on-year increase of 1%. During the first seven days of the Lunar New Year golden week, the number of visitors to Macau reached 1.2125 million, with mainland visitors accounting for 76.9%. The bank believes that the visitor trend in Macau is positive and aligns with the predictions of the tourism bureau. It is expected that the average daily gaming revenue from February 19 to 23 will be MOP 1.1 billion, while the average daily gaming revenue on other days will be around MOP 750 million

Wynn Resorts

Melco Resorts & ENT

MGM Resorts

Las Vegas Sands

Studio City

Citi expects Macau's February gaming revenue to reach MOP 20 billion, a year-on-year increase of 1%

Sands China hosted the second Macao Technological Innovation Exploration in Lisbon, supporting Macao entrepreneurs. The five-day program involved 38 delegates from 25 Macao enterprises, focusing on technology innovation and industry exchange. Activities included attending the Web Summit, networking forums, and workshops led by experts. The initiative aims to foster collaboration between Macao and Portugal, aligning with Sands China's commitment to sustainable development in smart tourism and high-tech industries. CEO Grant Chum highlighted the program's impact on broadening horizons for Macao enterprises and establishing meaningful connections.

Sands China Hosts The Second Macao Technological Innovation Exploration

Citi has lowered its forecast for Macau's February gaming revenue to MOP 20 billion, leading to a general decline in gaming stocks. Sands China fell 2.5%, currently at HKD 18.53; Galaxy Entertainment fell 1.16%, currently at HKD 42.58; MGM China fell 1.46%, currently at HKD 13.53; SJM Holdings fell 1.23%, currently at HKD 2.41; Wynn Macau fell 0.34%, currently at HKD 5.92

Citigroup lowers gambling revenue forecast to MOP 20 billion, casino stocks generally decline, Sands China falls 2.5%

Macquarie released a research report indicating that Macau's average daily gaming revenue last week is expected to be MOP 543 million, a decrease of 13% compared to the previous period, mainly due to seasonal slowdown before the Lunar New Year and the VIP room win rate being below normal levels. The firm is optimistic about Galaxy Entertainment, Sands China, and MGM China, particularly noting that Sands China's market share has rebounded to a two-year high and declared a dividend of 50 cents, demonstrating healthy cash flow and an optimistic business growth outlook

Macquarie: Macau's gaming revenue slows due to seasonal factors, optimistic about Galaxy Entertainment, Sands China, and MGM China

JP Morgan released its latest investment ratings and target prices for gaming stocks. Galaxy Entertainment is rated as overweight, with a target price of HKD 52; Sands China is overweight, with a target price of HKD 22; MGM China is overweight, with a target price of HKD 18; Wynn Macau is overweight, with a target price of HKD 8; Melco Resorts & Entertainment is rated neutral, with a target price of USD 6.4; Amax Holdings is rated underweight, with a target price of HKD 2; and New Macau International is rated underweight, with a target price of HKD 3.5

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

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Hong Kong stocks rose 156 points (0.6%) to 26,723, ending a two-day decline, supported by a slight increase on Wall Street. Investors weighed January's lower inflation data against concerns in the AI sector. Trading was quiet ahead of the Lunar New Year holiday, with markets closing Tuesday and reopening Friday. Notable gainers included China Hongqiao Group (4.2%), AIA Group (2.6%), Techtronic Industries (1.9%), and Sands China (1.6%).

Trading Economics

TECHTRONIC IND

Techtronic Industries

AIA Group

Hang Seng Index

CHINAHONGQIAO

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

TRACKER FUND

ChinaAMC Hang Seng ETF

Hang Seng TECH ETF I

ISHARESHSTECH

China Southern Hang Seng ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

Hong Kong Stocks Trade Higher Ahead of Lunar Break

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KWEB

BABX

The U.S. Department of Defense updated the "China Military Companies List," adding companies such as Alibaba and Baidu, while removing companies like Yangtze Memory Technologies. Sands China announced a net income of USD 7.44 billion last year, with profits down 14.3% to nearly USD 900 million. China Silver Group raised over USD 460 million through a placement, while Beihai Kangcheng raised nearly USD 200 million through a placement with WuXi Biologics. HK TECH VENTURE announced a 13.9% month-on-month increase in GMV for January

Tasty Money

HK TECH VENTURE

Krne Csi China Internet

BABA 2x Long Daily ETF - GraniteShares

BIDU-SW

Alibaba

Baidu

[Daily Announcement] The U.S. Department of Defense's "Chinese Military Companies List" includes Alibaba, Baidu, and other companies. Sands China Ltd. (1928) saw a 14.3% decline in profits last year

Sands China announced that Robert Goldstein will resign as Chairman and Non-Executive Director, as well as Chairman and member of the Nomination Committee, effective March 1. The Board announced that Non-Executive Director Patrick Sydney Dumont has been appointed as Chairman of the Board and Chairman of the Nomination Committee, effective the same date

Change of Chairman at Sands China, effective March 1

During the Lunar New Year period, hotel occupancy rates in Macau are close to full capacity, with some hotel room prices exceeding six times those in the off-season. The average daily number of tourists is expected to reach between 158,000 and 175,000. According to forecasts, Macau's casino revenue is expected to reach or exceed the levels seen during last year's Golden Week in November, with an average daily gaming revenue projected at MOP 1.1 billion. Multiple factors have contributed to the recovery of the tourism market, with hotel occupancy rates expected to exceed 90%

Macau hotels are nearing full capacity for the Spring Festival, with the most expensive night costing 9,000 yuan, six times more than on weekdays, and gaming revenue expected to exceed last year's Golden Week

Hot trading industry trends on August 7 and related Hong Kong semiconductor stocks. Hong Kong semiconductor stocks opened lower in early trading but then surged strongly, with Innoscience gaining over 11%, and industry leader SMIC rising over 3%. Core logic: On the news front, on August 1, Innoscience officially responded to rumors of collaboration with NVIDIA. The announcement stated that the company has recently partnered with global AI technology leader NVIDIA to jointly promote the large-scale implementation of the 800VDC (800-volt direct current) power architecture in AI data centers. Clear signals of a cyclical bottom: Global semiconductor inventory reduction is nearing its end...

NVIDIA

SMIC

SMIC HK SDR 5to1

FIT HON TENG

WUXI APPTEC

WuXi AppTec

INNOCARE

InnoCare Pharma

XIAOMI-W

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

NAGACORP

CSPC PHARMA

INNOVENT BIO

COWELL

HUA HONG SEMI

Hua Hong

SHANGHAI FUDAN

FMSH

INNOSCIENCE

SOLOMON SYSTECH

TIGERMED

Tigermed

Apple

Hot Trades in Hong Kong Stocks (8.7)｜ Chip Stocks Rebound Strongly, Apple Supply Chain Follows; Xiaomi and Pharmaceuticals Retreat Under Pressure

Hong Kong stocks continued their upward trend on July 28, with the cryptocurrency, innovative drug, gaming, and insurance sectors performing well. Hong Kong's &#34;Stablecoin Ordinance&#34; will officially take effect on August 1, marking the countdown to stablecoin issuance; the innovative drug sector was boosted by Hengrui Pharmaceuticals securing a $12 billion order; insurance stocks extended their gains as industry anti-internal competition and interest rate cuts improved profit prospects; gaming stocks benefited from Macau's July gaming revenue exceeding expectations and Thailand's withdrawal of the casino bill.

HENGRUI PHARMA

Hengrui Pharma

3SBIO

OSL GROUP

CPIC

SUNSHINE INS

CR HOLDINGS

CHINA LIFE

China Life

SINO BIOPHARM

GUOTAI JUNAN I

AIA-R

Hot Trades in Hong Kong Stocks (7.28)｜Cryptocurrency, Innovative Drugs, Insurance, and Gaming Sectors Shine, Hengrui Pharmaceuticals Soars 15% at Midday

CTSANDS@EC2607A(24376.HK)

Sands China Champions Sustainable Growth Through People, Planet and Progress

"Large Banks" Huizheng: The Spring Festival passenger flow demonstrates the resilience of tourism consumption, maintaining "Buy" ratings for Sands China, Galaxy Entertainment, and MGM China

Citigroup expects Macau's gaming industry to have a strong start in the Year of the Horse, with high-end mid-market per capita betting reaching a new high

"Big Banks" Citigroup: Macau's gaming industry starts strong, most optimistic about Galaxy Entertainment

Citi expects Macau's February gaming revenue to reach MOP 20 billion, a year-on-year increase of 1%