UBSANDS@EP2612A

CICC and DBS Maintain Buy Rating for Sands China with High Target Prices

Guotai Junan Reiterates Buy Rating on Sands China

Sands China Launches New Side Bets in Macau

Sands China's stock price falls, casino stocks under pressure

Sands China Reports Q1 Earnings and Outlines Group Growth Strategy

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

QINGDAO HLDGS

QIANHAI HEALTH

GUOXIA TECH

BITSTRAT HLDGS

KIN SHING HLDGS

AV CONCEPT HOLD

DATRONIX HOLD

HAITIAN ANTENNA

PRODUCTIVE TECH

INVESTECH HLDGS

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Citic Securities has maintained a Buy rating on Sands China (SCHYF) as of April 23, setting a price target of HK$23.00. The stock closed at HK$16.83 last Wednesday. The analyst consensus is a Strong Buy with an average price target of HK$22.01, indicating a potential upside of 30.77%. Additionally, DBS also reaffirmed a Buy rating with a price target of HK$22.86 in a report on April 16.

Tip Ranks

SANDS CHINA LTD

SANDS N2808

SANDS N2903

Sands China

CITIC Securities Co., Ltd.

CITIC SEC

Sands China (SCHYF) Gets a Buy from Citic Securities

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.

AASTOCKS News

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

Sands China reported a strong first quarter of 2026, with net revenues rising 23.6% year on year to US$2.10 billion, driven by growth in Macao operations. Net income increased 45.5% to US$294 million, and adjusted property EBITDA rose to US$633 million. The results indicate a recovery in Macao and support for returning capital to shareholders. Analysts rate the stock as a Buy with a price target of HK$22.86. Sands China, controlled by Las Vegas Sands, benefits from Macao's tourism and gaming demand.

Las Vegas Sands

Sands China First-Quarter Profit Surges on Macao Revenue Growth

Marina Bay Sands (MBS) has committed over S$2 million for its Sands Hospitality Scholarship programme, supporting over 160 students from 2026 to 2029. The initiative aims to enhance Singapore's hospitality sector as MBS expands with an US$8 billion development, including a new hotel and arena. Additionally, MBS partnered with TomoWork to provide S$75,000 in scholarships for 15 undergraduates with disabilities, promoting inclusivity and mentorship in the hospitality industry. This effort aligns with Singapore's tourism goals, projecting receipts of S$47 billion to S$50 billion by 2040.

Businesstimes News

Marina Bay Sands commits over S$2 million to scholarships for hospitality students

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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

Melco Resorts & ENT

WYNN MACAU

GALAXY ENT

MGM CHINA

Galaxy Entertainment Group

SJM HOLDINGS

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

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

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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)

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

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Xiaomi HK SDR 2to1

Xiaomi Corporation

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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.

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

UBSANDS@EP2612A(28511.HK)

UBSANDS@EP2612A Stock Performance Chart

Sands China (SCHYF) Gets a Buy from Citic Securities

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

Sands China First-Quarter Profit Surges on Macao Revenue Growth

Marina Bay Sands commits over S$2 million to scholarships for hospitality students

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