JPSANDS@EP2612A

Sands China Reports Yearly Growth, Reaffirms Macau Investment Commitment

Sands China's Short Positions Plummet in March

UBS Maintains Positive Outlook on Macau Gaming Sector and Adjusts Ratings and Targets

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 9 Months earnings on February 13, 2026 (BJT), actual revenue HKD 42.66 B, actual EPS HKD 0.6307

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)

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

FINELAND LIVING

GPIXEL

WK GROUP

MAX SIGHT GROUP

I.CENTURY HLDG

HAO BAI INTL

TEAMWAY INTL GP

GEMILANG INTL

DAISHOMICROLINE

01928

MLCO

01128

00027

02282

GXYYY

00880

SCHYY

BETZ

Citigroup lowered its forecast for Macau's April gaming revenue to MOP 20 billion, citing that the win rate in VIP rooms is below normal levels. The report noted that Macau's gaming revenue for the first 19 days of April was approximately MOP 12.4 billion, with an average daily revenue of MOP 636 million, an increase of 1% compared to the previous week. It is expected that the average daily revenue for the remainder of the month will be MOP 691 million. Citigroup believes that the Weibo International Entertainment Gala may alleviate the weak gaming revenue before the Labor Day Golden Week

AASTOCKS

SANDS CHINA LTD

Melco Resorts & ENT

WYNN MACAU

GALAXY ENT

MGM CHINA

Galaxy Entertainment Group

SJM HOLDINGS

Sands China

VanEck Gaming ETF

Roundhill Sports Betting & iGaming ETF

Citigroup

Weibo

WB-SW

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Under the banner of "Big Banks," the forecast for Macau's April gaming revenue has been downgraded to MOP 20 billion

Reuters

Las Vegas Sands

Macau’s finance secretary resigns, citing 'personal reasons'

UBS expects that the EBITDA of the Macau gaming industry in the first quarter will grow by 10% year-on-year, reaching USD 2.1 billion. The report indicates that gaming revenue will increase by 14% year-on-year, reaching USD 8.14 billion, mainly driven by the growth in mass market gaming revenue. Sands China, WYNN MACAU, and Melco Resorts have seen an increase in market share, while SJM HOLDINGS, MGM CHINA, and GALAXY ENT have experienced a loss in market share. With no headwinds from one-time operating expenses, EBITDA grew by 4% quarter-on-quarter

UBS Group AG

UBS expects Macau's gaming industry EBITDA in the first quarter to increase by 10% year-on-year to USD 2.1 billion

00200

WYNN

Citigroup lowered its April Macau gaming revenue forecast to MOP 20.5 billion, citing that the win rate in VIP rooms is below normal levels. From April 1 to 12, gaming revenue was approximately MOP 7.95 billion, with an average daily revenue of about MOP 630 million, a decrease of 8% compared to the previous 7 days. Looking ahead, the concert of Thai singer Billkin and the Weibo International Entertainment Gala are expected to improve gaming revenue performance before the Labor Day Golden Week

Studio City

MGM Resorts

MELCO INT'L DEV

Wynn Resorts

Under the banner of "Big Banks," the forecast for April's gaming revenue in Macau has been downgraded to MOP 20.5 billion

Las Vegas Sands has launched new training programs to enhance workforce development and career advancement. Initiatives include the Elevate program for new managers in Las Vegas, the Integrated Resort Leader Development Programme in Macao, and the AI Up-Skilling Programme. Additionally, the Sands China Western Culinary Elite Programme aims to nurture culinary talent, while the Brand Service Culture Transformative Series in Singapore focuses on emotional intelligence and service excellence. These efforts reflect Sands' commitment to building a skilled workforce and reinforcing its brand culture.

MorningStar

Workforce Development in Action: New Team Member Training Programs Expand Opportunities for Advancement, Reinforce Culture of Excellence

Friedman downgraded Sands China Ltd. to "Hold," believing that although the solid start in early April supports the gaming stocks, the overall industry outlook is neutral and affected by geopolitical factors. The firm is optimistic about Wynn Macau and Galaxy Entertainment, predicting a 7.1% EBITDA growth for Wynn in fiscal year 2026 and a 9.7% growth for Galaxy

Credit Suisse downgraded Sands China Ltd. to "Hold," with Wynn Macau and Galaxy Entertainment as top picks in the gaming sector

Citi released a research report, adjusting the investment ratings and target prices for gaming stocks. The target price for Galaxy Entertainment was lowered from HKD 49.5 to HKD 48, Sands China from HKD 22.9 to HKD 21.4, MGM China from HKD 20.9 to HKD 19.3, Wynn Macau from HKD 8.2 to HKD 6, Melco Resorts from USD 12.1 to USD 8.9, and SJM Holdings from HKD 2.9 to HKD 1.7

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

The Macao Gaming Inspection and Coordination Bureau announced that the gross gaming revenue in March reached MOP 22.6 billion, a year-on-year increase of 15%, exceeding market expectations. The gross gaming revenue for the first quarter exceeded MOP 65.87 billion, a year-on-year increase of 14%. If the trend continues, it is expected that this year's gaming revenue will exceed government expectations and last year's levels. The gross gaming revenue is expected to grow by 9.1% year-on-year to MOP 247.4 billion in 2025

BambooWorks

Industry News: Macau's gambling revenue continues to improve, with gross revenue in the first quarter up 14% year-on-year

According to the Gaming Inspection and Coordination Bureau of Macau, Macau's gaming revenue in March increased by 15% year-on-year, reaching MOP 22.612 billion. The market expected an increase of 11% year-on-year. In the first three months of this year, gaming revenue accumulated a 14.3% increase, reaching MOP 65.873 billion

In March, Macau's gambling revenue increased by 15% year-on-year, exceeding expectations

EATZ

BEDZ

AWAY

Amap and Macau Pass launched the "Macao Authentic Delicacies" Ranking and the "Macao City Life Support Program" during a recent event in Macao, aimed at enhancing cultural-tourism integration in the Greater Bay Area. The ranking, based on real navigation data, covers various food categories and helps visitors discover local businesses. Additionally, Amap introduced a citywide "Flying Street View" feature to improve the tourism experience. The initiatives are part of a strategic cooperation with Sands China to boost Macao's development as a City of Gastronomy, following a record 40 million visitor arrivals in 2025.

AdvisorShares Restaurant ETF

AdvisorShares Hotel ETF

ETFMG Travel Tech ETF

Amap Street Stars Launches Macao Authentic Delicacies Ranking to Drive Cultural-Tourism Innovation in the Greater Bay Area

GENZ

Sands China Ltd. (OTCMKTS:SCHYY) experienced a significant drop in short interest in March, with totals falling to 5,447 shares, a 93.7% decrease from February's 86,796 shares. The short-interest ratio is currently 0.0 days, indicating minimal short selling. Analysts have mixed ratings on the stock, with Zacks Research downgrading it to 'strong sell' and HSBC upgrading it to 'buy'. The stock is currently rated 'Hold' on average, trading at $21.32, with a 52-week range of $15.41 to $29.04.

Market Beat

VanEck Digital Native Economy ETF

Sands China Ltd. (OTCMKTS:SCHYY) Short Interest Update

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

SBP GROUP

GUOTAI JUNAN I

AIA-R

AIA Group

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

JPSANDS@EP2612A(28441.HK)

JPSANDS@EP2612A Stock Performance Chart

Under the banner of "Big Banks," the forecast for Macau's April gaming revenue has been downgraded to MOP 20 billion

Macau’s finance secretary resigns, citing 'personal reasons'

UBS expects Macau's gaming industry EBITDA in the first quarter to increase by 10% year-on-year to USD 2.1 billion

Under the banner of "Big Banks," the forecast for April's gaming revenue in Macau has been downgraded to MOP 20.5 billion

Workforce Development in Action: New Team Member Training Programs Expand Opportunities for Advancement, Reinforce Culture of Excellence