JPSANDS@EC2612A

First Shanghai Securities and DBS Maintain 'Buy' Rating for Sands China

Macquarie Downgrades Sands China's Investment Rating and Target Price

Sands China's April Short Interest Fell Sharply

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 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)

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)

Multiple Countries to Release Macro Data and Officials to Give Speeches

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

SOMERLEY CAP

TIANLI HOLDINGS

CPM GROUP

FUTONG TECH

NICHE-TECH SEMI

SINO ICT

COSMOS MACH

UBOT HOLDING

SAMPLE TECH

PERENNIAL INT'L

01128

02282

00027

01928

SCHYY

00200

WYNN

GXYYY

MLCO

00880

On May 4, during the Mainland "May Day" holiday, Macau recorded 152,000 inbound visitors, contributing to over 749,000 total passenger trips across border checkpoints. Outbound visitors numbered 174,000, with the Barrier Gate Checkpoint, Hengqin Port, and Hong Kong-Zhuhai-Macao Bridge being the main entry points. Previous days saw inbound visitors at 203,000, 247,000, and 182,000 respectively.

- On May 4, during the fourth day of China's "May Day" holiday, the Macau Public Security Police reported over 749,000 border crossings.  
- A total of 152,000 visitors entered Macau, while 174,000 visitors exited, with primary checkpoints being the Gongbei checkpoint, Hengqin port, and the Hong Kong-Zhuhai-Macau Bridge checkpoint.  
- Earlier reports indicated the number of inbound visitors on the first three days of the holiday was 203,000, 247,000, and 182,000 respectively.

AASTOCKS News

WYNN MACAU

MGM CHINA

GALAXY ENT

SANDS CHINA LTD

Sands China

MELCO INT'L DEV

Wynn Resorts

Las Vegas Sands

Galaxy Entertainment Group

Melco Resorts & ENT

SJM HOLDINGS

VanEck Gaming ETF

Macau Logs 152,000 Inbound Visitors on Fourth Day of "May Day" Holiday

CLSA forecasts Macau's May gross gaming revenue (GGR) to reach 22.6 billion patacas, supported by increased foot traffic and healthy betting levels observed during the Golden Week holiday. The report highlights new gaming options at casinos, which may enhance long-term win rates. CLSA anticipates a 6.6% year-on-year growth in GGR by May 2026. The current EV/EBITDA multiple for Macau's gaming sector is considered undemanding. Investment ratings were assigned to several stocks, with GALAXY ENT, MGM CHINA, and SANDS CHINA rated as Outperform, while WYNN MACAU and SJM HOLDINGS received Hold and Underperform ratings, respectively.

CLSA Expects Macau May GGR of 22.6B Patacas Achievable

Citi's report indicates that Macau's VIP mass betting during the first two days of the Labour Day holiday reached HKD23 million, the second highest this year, with GALAXY ENT and SANDS CHINA LTD leading market shares at 29% and 26%, respectively. Inbound visitors exceeded 200,000, similar to Lunar New Year levels. The report also highlights new side bets for baccarat, which could enhance Macau's GGR, and notes a rise in average minimum bets across several casinos. Overall, Macau remains a top destination for Mainland tourists during Golden Week.

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi: Macau VIP Mass Betting in First Two Days of Labour Day Holiday Hits Second Highest This Year; GALAXY ENT  and SANDS CHINA LTD Lead Market Share

Haitong International forecasts an 8% year-on-year increase in Macau's GGR for May, following a 5.5% rise to MOP19.894 billion in April. The average daily GGR in April was MOP663 million, down 9.1% from March, indicating seasonal softening. Year-to-date, total industry revenue is up 12.1% YoY, reaching 86% of 2019 levels. Despite a decline in hotel room rates during the May Day Golden Week, occupancy rates improved. The expected growth in May would bring total industry revenue to 88.2% of the 2019 level.

Haitong International Expects Macau May GGR to Rise 8% YoY

CICC reported that Macau's gross gaming revenue (GGR) in April increased by 5.5% year-on-year, slightly below market expectations of 6.5%. Month-on-month, GGR fell by 12%, reaching 84.3% of April 2019 levels. The subdued performance was attributed to the low season, lower win rates, and stricter regulations. VIP gaming revenue dropped 46% to 55% compared to April 2019, while mass-market revenue rose by 11% to 19%. CICC forecasts May GGR between MOP21.7 billion and MOP23.3 billion, with a year-on-year growth of 2% to 10%.

MGM Resorts

CICC

CICC: Macau Apr GGR Largely In Line

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First Shanghai Securities analyst maintained a Buy rating on Sands China yesterday and set a price target of HK$21.12.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks In a report released on April 16, DBS also maintained a Buy rating on the stock with a HK$22.86 price target.

Tip Ranks

SANDS N2903

FIRST SHANGHAI

First Shanghai Securities Remains a Buy on Sands China (SCHYF)

Las Vegas Sands Corp. (LVS) shares fell 1.50% to $53.79 on Friday, despite the S&P 500 Index rising 0.29%. The stock remains 23.65% below its 52-week high of $70.45, reached on December 1st. Trading volume was 4.9 million, surpassing the 50-day average of 4.1 million.

MarketWatch Automated

S&P 500

Dow Jones Industrial Average

Factset Research

Las Vegas Sands Corp. Stock Falls Friday, Still Outperforms Market

Sands China Launches 'Community Revitalization Programme 2.0 for Rua das Estalagens' | LVS Stock News

StockTitan

Sands China Launches 'Community Revitalization Programme 2.0 for Rua das Estalagens' | LVS Stock News

BEDZ

Las Vegas Sands (LVS) reported strong Q1 earnings with revenue of $3,585 million and net income of $567 million, driven by record performance at Marina Bay Sands and growth in Macao. Despite a year-to-date share price decline of 19.02%, LVS is considered undervalued with a fair value estimate of $65.85 compared to its last close of $52.81. However, a cautious cash flow analysis suggests a lower future cash flow value of $40.64. Investors are advised to weigh growth potential against risks in Macao and expansion limitations.

Simplywall

AdvisorShares Hotel ETF

A Look At Las Vegas Sands (LVS) Valuation As Q1 Strength Highlights Singapore And Macao Growth

JPSANDS@EC2612A(28753.HK)

Macau Logs 152,000 Inbound Visitors on Fourth Day of "May Day" Holiday

CLSA Expects Macau May GGR of 22.6B Patacas Achievable

Citi: Macau VIP Mass Betting in First Two Days of Labour Day Holiday Hits Second Highest This Year; GALAXY ENT and SANDS CHINA LTD Lead Market Share

Haitong International Expects Macau May GGR to Rise 8% YoY

CICC: Macau Apr GGR Largely In Line

First Shanghai Securities Remains a Buy on Sands China (SCHYF)

Las Vegas Sands Corp. Stock Falls Friday, Still Outperforms Market

Sands China Launches 'Community Revitalization Programme 2.0 for Rua das Estalagens' | LVS Stock News

A Look At Las Vegas Sands (LVS) Valuation As Q1 Strength Highlights Singapore And Macao Growth