Sands China 1928

[winston]

not vested

DJ MARKET TALK: Sands China Gamers' Preferred Macau Casino -Macq

1517 [Dow Jones] STOCK CALL: Macquarie says after conducting an in-depth proprietary survey of about 2,200 people, it believes that Sands China (1928.HK) is the most preferred casino for gamers and it is set to benefit from rising mass market trends.

It raises Sands China's target price by 13% to HK$30.30, and keeps the stock at Outperform.

"At the current levels, we do not think the market is pricing in the strength of the Venetian's brand and the management team's execution.

We also think the market is yet to price in prospects of market share recovery, and that consensus remains overly conservative on the timeline for opening of sites 5 and 6." The stock is down 4.3% at HK$21.25.

Source: Dow Jones Newswire

[winston]

not vested

DJ MARKET TALK: Sands China Likely Better Bargain-Hunting Target

1108 [Dow Jones] For investors looking to add or buy Macau casino operators on retreats, Sand China (1928.HK) perhaps should be given priority, as the stock's recent outperformance vs peers is giving a clear indication about investors' preference for Sands China, stemming from its mass-market focus, which would enable it to whether any China liquidity disruption better.

The stock is down 6.3% at HK$20.15, but faring better vs sector leader SJM's (0880.HK) 7.2% fall to HK$13.46.

Another way to look at the their relative performance is comparing to their all-time highs: Sands China is now off 24.2% vs its all-time high of HK$26.60, while SJM is down 35.9% vs HK$21.00.

Source: Dow Jones Newswire

[winston]

not vested

DJ MARKET TALK: Sands China May Be Better HSI Reshuffle Bet

1013 [Dow Jones] Given the instant big rally in Want Want China (0151.HK) and Tingyi's (0322.HK) share prices, the better play for the latest HSI reshuffle may be with Sands China (1928.HK), which many expected to make the blue-chip cut but did not pan out.

The stock is only up 0.7% at HK$22.25, after already falling 4.5% Friday; on the contrary, Want Want soars 11.1% to HK$7.79 while Tingyi rises 5.5% to HK$22.05.

SHK Financial says Sands China is the best play on PRC visitors to Macau given big exposure to mass-market segment;

"The mass-market business is set to expand further once its new Sands Cotai Central casino resort opens in March 2012."

Technically, SHKF tips Sands China to fall further in the short run, but advises buy on dips if the stock breaches HK$20.00. Esprit (0330.HK), which many tipped to exit the HSI but did not, gains 4.1% to HK$10.36.

Source: Dow Jones Newswire

[winston]

Not vested

DJ MARKET TALK: Macau Names Rebound; Sands China Top Pick -BOCI

1538 [Dow Jones] All 6 Macau plays are up vs the HSI's 0.1% decline, led by Sands China's (1928.HK) 5.5% rebound to HK$21.10, after its recent underperformance on HSI inclusion letdown, with the stock trading at as high as HK$25.50 on Nov. 7.

Within the sector, BOCI advises investors to focus on casinos with presence in Cotai, as the increasing popularity of Cotai casinos will divert both VIP guests and mass market casino visitors from the peninsula to Cotai;

Its Top Buy is Sands China, given the potential of Sands Cotai Central and no new casinos in Cotai until 2016.

"These make Sands the strongest candidate to outperform other casino operators from 2012 to 2016," the house says.

Source: Dow Jones Newswire

[winston]

not vested. Too many bullish calls on this counter ...

DJ MARKET TALK: Sands Off 1.4%; SFC News Incrementally Positive -JPM

1000 [Dow Jones] Sands China (1928.HK) is down 1.4% at HK$21.20, faring slightly better than the HSI's 1.7% decline, after news that HK's Securities and Futures Commission won't take action against the company after concluding an investigation of it, clearing one of several regulatory hurdles that U.S. parent Las Vegas Sands Corp. (LVS) faces.

"We consider the conclusion of the SFC investigation incrementally positive to the stock," says JPMorgan. It says Sands is its top pick, as the company stands out for having the highest exposure (75% of earnings) to the more defensive and less credit-driven mass market and non-gaming segments.

The performance of the mass market segment has been resilient, growing 41% on-year in November, it adds. The house keeps the stock at Overweight with a target of HK$32.50.

Source: Dow Jones Newswire

[winston]

not vested

DJ Sands China: Recommends First Dividend Of HK$0.58 Per Share

HONG KONG (Dow Jones)--Macau casino operator Sands China Ltd. (1928.HK) said Tuesday it would pay 58 Hong Kong cents per share as its first-ever dividend.

The Las Vegas Sands Corp. (LVS) unit, which listed in Hong Kong in November 2009, said the interim dividend would be payable to those who own shares in the company as of Feb. 20.

Stanley Ho's SJM Holdings Ltd. (0880.HK) and Wynn Resorts Ltd. (WYNN) unit Wynn Macau Ltd. (1128.HK) are the only other of Macau's six operators to have paid dividends.


Source: Dow Jones Newswires

[winston]

not vested

DJ MARKET TALK: Sands China +4.0%; BOCI Raises Target To HK$30.40

1441 [Dow Jones] Sands China (1928.HK) extends gains in the afternoon and is up 4.0% at HK$27.50, getting closer to its all-time high of HK$27.90 set Jan. 27, as investors chase the stock higher on solid 4Q results.

BOCI says Sands Cotai Central and VIP Improvement will drive Sands China's success in 2012; with the commencement of operation of SCC in 1Q12, "we believe tourists in Macau are further attracted to Cotai and expect the group to increase its market share by 5.4 percentage point to 31.1% for mass market gaming," BOCI says.

It keeps its Buy call on Sands China, raising the target price to HK$30.40 from HK$28.00.

Source: Dow Jones Newswire

[winston]

not vested

DJ MARKET TALK: Sands China Sets Record High; Blue Chip Inspiration

0942 [Dow Jones] Sands China (1928.HK) set an all-time high of HK$29.05 a bit earlier and is now +2.7% at HK$28.50; with the stock now up a whopping 29.8% year-to-date, a near-term breather is likely, although with some investors looking to buy the stock on pullback, a significant share-price retreat is unlikely either.

Besides the general rally in Macau casino operators (Melco Crown (6883.HK) also hits a 52-week high Friday morning),

Sands China is getting extra lift on expectations that it may have a shot at joining the HSI.

Nomura says that Sands China stands out as having highest likelihood of being considered for inclusion into the HSI. Hang Seng Indexes will unveil the results of its quarterly review of after the market close on Feb. 10, with any changes to be implemented after market close on Mar. 2.

Source: Dow Jones Newswire

[winston]

not vested

All eyes on Cotai Central

1928 HK / 1928.HK | OUTPERFORM - Maintained | Share Price HK$29.25 - Tgt. HK$35.68


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Sands China’s FY11 results announcement was a non-event as figures were already released by its US parent in early Feb.

The next major event for the operator should be the opening of the 1st phase of its new property, and change in the Macau competitive landscape after that.

FY11 EPS, at 101% of our forecast, was in line. But it was 5% above consensus numbers.

We maintain our Outperform call, with catalyst being operational outperformance when Cotai Central debuts.

Our valuation basis of 15x FY13 EV/EBITDA remains unchanged.


Source: CIMB

[winston]

not vested

DJ MARKET TALK: Sands China Off 3.2%; SCC Opens, GS Remains Upbeat

1308 [Dow Jones] Sands China's (1928.HK) 3.2% slide to HK$28.95, making it the worst-performing among six Macau casino operators, appears to be typical profit-taking, as Wednesday marks the opening of its Sands Cotai Central, with full-page ads placing on the front-page of several Hong Kong newspapers.

Sands China rose 36.2% year-to-Tuesday, although the honor of 2012's best-performer goes to Galaxy Entertainment (0027.HK), up 50.6% during the same period.

Goldman Sachs says despite potential near-term profit-taking, it reiterates a Buy rating on Sands China (on the house's Conviction List) "for its Cotai, mass-market and non-gaming exposure."

GS raises Sands China target to HK$36.90 from HK$31.60 amid broad sector upgrades.

Source: Dow Jones Newswire