JPSANDS@EC2609A

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

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D&G TECH

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Citigroup expects Macau's gaming revenue to reach MOP 22.5 billion in March, a year-on-year increase of 14%. The total gaming revenue for February was MOP 20.627 billion, averaging about MOP 737 million per day, exceeding expectations. The combined gaming revenue for the first two months was MOP 43.3 billion, an increase of 14%. Several concerts are scheduled for March, which is expected to further boost gaming revenue growth

AASTOCKS

MELCO INT'L DEV

VanEck Gaming ETF

Galaxy Entertainment Group

SJM HOLDINGS

MGM CHINA

SANDS CHINA LTD

Melco Resorts & ENT

MGM Resorts

Wynn Resorts

WYNN MACAU

Sands China

SEM HLDGS

Las Vegas Sands

GALAXY ENT

Citi expects Macau's gaming revenue to reach 22.5 billion yuan in March, up 14% year-on-year

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Sands China has updated its board composition, detailing roles of executive, non-executive, and independent directors, including the CEO and Chairman. The governance framework emphasizes structured oversight with five specialized committees led by independent directors. This structure aims to balance management influence with independent oversight in key areas like financial reporting and ESG issues. Analysts rate Sands China (HK:1928) stock as a Buy with a target price of HK$20.00, despite a year-to-date price performance of -9.64%.

Tip Ranks

AdvisorShares Hotel ETF

VanEck Video Gaming and eSport ETF

Invesco Leisure & ENT ETF

Roundhill Sports Betting & iGaming ETF

Sands China Details Board Line-up and Committee Roles in Governance Update

Macau's gaming revenue rose by 4.5% in February, exceeding expectations, driven by a surge in tourist arrivals during the Lunar New Year. This increase highlights the critical role of tourism in Macau's economy, especially during festive periods. The positive revenue performance indicates a strong start to the year as the city recovers from past economic difficulties.

CoinLive

Macau's Gaming Revenue Surges in February Amid Lunar New Year Boost

Macau's gaming revenue rose 4.5% in February, reaching 20.62 billion patacas, surpassing analyst estimates of 1% growth, thanks to a boost from Chinese New Year tourism. This revenue is 81.3% of pre-pandemic levels. However, casinos face profit margin pressures due to competition for mass-market players and a decline in VIP clients following regulatory changes. Operators must manage costs while attracting gamblers, amid challenges from China's economic slowdown and property market issues.

Businesstimes News

Macau gaming revenue beats estimate on Chinese New Year boom

Sands China announced that starting next month, paid maternity leave for female employees who have served for one year will be extended to 90 days, and paternity leave for male employees will be increased to 7 days. The company hopes that by extending maternity leave, it can provide employees with more time to care for newborns and families, while also introducing various parenting support measures, including up to 6 days of paid parental leave per year and a daily exemption of 1 hour from work within 90 days after the birth of a newborn

Starting next month, Sands China will extend maternity leave to 90 days and paternity leave for men will increase to 7 days

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Daiwa Capital Markets released a research report listing investment ratings and target prices for consumer stocks. Anta Sports is rated as Buy with a target price of HKD 103.4; Bud APAC is rated Buy with a target price of HKD 9.9; CHINA RES BEER is rated Buy with a target price of HKD 33.8; Galaxy Entertainment Group is rated Buy with a target price of HKD 47; Haidilao is rated Buy with a target price of HKD 19.7; HAIER SMARTHOME is rated Buy with a target price of HKD 39.4; LI NING is rated Hold with a target price of HKD 21.6; Mengniu Dairy is rated Buy with a target price of HKD 21.7; MNSO is rated Buy with a target price of USD 26.8; SANDS CHINA LTD is rated Buy with a target price of HKD 20.9; Shenzhou International is rated Buy with a target price of HKD 81.9; Tsingtao Brewery is rated Buy with a target price of HKD 69.9; XTEP INT'L is rated Buy with a target price of HKD 7.6; YUM CHINA is rated Buy with a target price of HKD 494.8

MNSO

HAIER SMARTHOME

Penghua CSI Alcoholic Drink ETF

Mengniu Dairy

LI NING

TSINGTAO BREW

China Merchants SSE Consumer 80 ETF

Hwabao WP CSI Food & Beverage Sub-Industry ETF

Tsingtao Brewery

CHINA RES BEER

BUD APAC

Tianhong CSI Food and Beverage ETF

XTEP INT'L

Harvest Hang Seng Consumption ETF

AdvisorShares Restaurant ETF

YUM CHINA

ChinaAMC CSI Food & Beverage Sub-Industry ETF

Daiwa Capital Markets' investment ratings and target prices for consumer stocks (Table)

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Goldman Sachs report indicates that the Spring Festival travel data is healthy, with domestic tourist numbers increasing by 19% to 596 million, and travel spending rising by 19% to 803 billion yuan. The number of outbound travelers increased by 24% to 4.8 million, with demand for Southeast Asia and South Korea routes offsetting the decline in Japan routes. The hotel industry performed well, with revenue growth in the mid to high single digits, and airline ticket prices rising by 7% to 15%. Hainan duty-free shops performed poorly, and Macau gaming revenue fell short of expectations. Goldman Sachs is optimistic about hotel and airline stocks such as H World, Atour, Galaxy Entertainment, and Sands China

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ETFMG Travel Tech ETF

Goldman Sachs: Healthy Spring Festival Travel Data, Hotel Industry Performance Shines

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

Sands China Champions Sustainable Growth Through People, Planet and Progress

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

"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'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

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

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

Studio City

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

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...

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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.

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

JPSANDS@EC2609A(24966.HK)

Citi expects Macau's gaming revenue to reach 22.5 billion yuan in March, up 14% year-on-year

Sands China Details Board Line-up and Committee Roles in Governance Update

Macau's Gaming Revenue Surges in February Amid Lunar New Year Boost

Macau gaming revenue beats estimate on Chinese New Year boom

Starting next month, Sands China will extend maternity leave to 90 days and paternity leave for men will increase to 7 days