not vested
Shoppes Cotai Central Phase 3 to open tmr
Aug 28, 2014
Shoppes Cotai Central Phase 3, on back of the investment of US$60 million by SANDS CHINA LTD (01928.HK), will be opened tomorrow.
The operational area will then be increased by 70%, and the retail space will be added to 400,000 square feet.
source: AAStocks Financial News
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Sands China 1928
Re: Sands China 1928
by winston » Fri Aug 29, 2014 1:57 pm
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Re: Sands China 1928
by winston » Fri Oct 17, 2014 3:58 pm
not vested
<Research Report>Citi: SANDS CHINA reaffirmed Buy; 3Q mass & non-gaming biz solid
The management reiterated that Macau remains a supply-led market, and when new casino is put into operation in mid 2015, it is expected that gaming revenue growth will turn positive, Citigroup said in a report.
The broker mentioned that 84% of SANDS CHINA LTD (01928.HK)'s EBITDA came from mass market and non-gaming businesses, so the sluggish VIP market is not expected to impose much impact on the group.
Based on the upbeat results in last quarter, the broker raised the 2014-2016 earnings forecasts by 1-2%.
Target price was unchanged at $57, with the Buy rating maintained.
Source: AAStocks Financial News
<Research Report>Citi: SANDS CHINA reaffirmed Buy; 3Q mass & non-gaming biz solid
The management reiterated that Macau remains a supply-led market, and when new casino is put into operation in mid 2015, it is expected that gaming revenue growth will turn positive, Citigroup said in a report.
The broker mentioned that 84% of SANDS CHINA LTD (01928.HK)'s EBITDA came from mass market and non-gaming businesses, so the sluggish VIP market is not expected to impose much impact on the group.
Based on the upbeat results in last quarter, the broker raised the 2014-2016 earnings forecasts by 1-2%.
Target price was unchanged at $57, with the Buy rating maintained.
Source: AAStocks Financial News
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Re: Sands China 1928
by winston » Mon May 04, 2015 2:00 pm
not vested
<Result Ann>SANDS CHINA LTD (01928.HK) 1Q adjusted EBITDA down 43.3%
SANDS CHINA LTD (01928.HK) announced that its total net revenues decreased 35% to US$1.76 billion for the first quarter of 2015.
Profit dropped 54.2% to US$340 million.
Adjusted EBITDA declined 43.3% to US$530 million. EPS was US4.27 cents.
The adjusted EBITDA for the Venetian Macao dropped 42.4% year-on-year to US$270 million.
Sands Macao's adjusted EBITDA decreased 37.2% from to same period of last year to US$57.18 million.
Source: AAStocks Financial News
<Result Ann>SANDS CHINA LTD (01928.HK) 1Q adjusted EBITDA down 43.3%
SANDS CHINA LTD (01928.HK) announced that its total net revenues decreased 35% to US$1.76 billion for the first quarter of 2015.
Profit dropped 54.2% to US$340 million.
Adjusted EBITDA declined 43.3% to US$530 million. EPS was US4.27 cents.
The adjusted EBITDA for the Venetian Macao dropped 42.4% year-on-year to US$270 million.
Sands Macao's adjusted EBITDA decreased 37.2% from to same period of last year to US$57.18 million.
Source: AAStocks Financial News
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Re: Sands China 1928
by winston » Tue Jun 02, 2015 6:30 am
not vested
Meanwhile, Daiwa Capital said in a report that the time is right for Sands China (1928) to spin off its non-gaming assets as a form of real estate INVESTMENT trust.
Sands China said two years ago it was necessary to manifest the value of its commercial properties in Asia, which recorded the highest return among its global non- gaming assets.
Source: The Standard HK
Meanwhile, Daiwa Capital said in a report that the time is right for Sands China (1928) to spin off its non-gaming assets as a form of real estate INVESTMENT trust.
Sands China said two years ago it was necessary to manifest the value of its commercial properties in Asia, which recorded the highest return among its global non- gaming assets.
Source: The Standard HK
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Re: Sands China 1928
by winston » Thu Jul 23, 2015 12:48 pm
not vested
UBS: SANDS CHINA LTD 2Q Results Top Estimates; Rated Neutral with Target $29.7
UBS, in its report, stated that SANDS CHINA LTD (01928.HK) +2.900 (+9.385%) Short selling $158.16M; Ratio 20.151% 's property EBITDA in the second quarter advanced 6% quarterly to US$560 million, 10% higher than the market expectations.
VIP hold rate at 3.38% is higher than the broker's expectation of 3.12%.
The improvement in the results was mainly attributable to the better cost control, especially in the branding expenses.
On the dividend policy, its parent company Las Vegas Sands does not change the cash return guidance of increasing dividends, meaning SANDS CHINA LTD will likely pay substantially more than 100% EPS in 2015-16 to maintain absolute DPS levels intact.
The management also pointed out the the new project "Parisian" will open in the coming 12 months.
UBS rated SANDS CHINA LTD at Neutral with a target price of $29.7.
Source: AAStocks Financial News
UBS: SANDS CHINA LTD 2Q Results Top Estimates; Rated Neutral with Target $29.7
UBS, in its report, stated that SANDS CHINA LTD (01928.HK) +2.900 (+9.385%) Short selling $158.16M; Ratio 20.151% 's property EBITDA in the second quarter advanced 6% quarterly to US$560 million, 10% higher than the market expectations.
VIP hold rate at 3.38% is higher than the broker's expectation of 3.12%.
The improvement in the results was mainly attributable to the better cost control, especially in the branding expenses.
On the dividend policy, its parent company Las Vegas Sands does not change the cash return guidance of increasing dividends, meaning SANDS CHINA LTD will likely pay substantially more than 100% EPS in 2015-16 to maintain absolute DPS levels intact.
The management also pointed out the the new project "Parisian" will open in the coming 12 months.
UBS rated SANDS CHINA LTD at Neutral with a target price of $29.7.
Source: AAStocks Financial News
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Re: Sands China 1928
by winston » Thu Jul 23, 2015 12:53 pm
not vested
Deutsche: SANDS CHINA LTD (01928.HK) 2Q Results Top Estimates; Top Pick in Sector
Deutsche Bank, in its report, pointed out that SANDS CHINA LTD (01928.HK) +2.900 (+9.385%) Short selling $158.16M; Ratio 20.151% 's results in the second quarter beat estimates because of the better cost control and also the margin resilience.
The company is the broker's top pick among the Macau gaming industry as other operators are believed to have less room for cost rationalization.
It is expected that SANDS CHINA LTD will keep losing its market share in the second half of this year and the company will find it tough to sustain margin at this level.
However, the management has confidence in maintaining the current dividend level but this may need to be tied to the growing cash flow.
SANDS CHINA LTD's non-gaming revenue added 8% quarterly and 20% yearly as more tenants start paying turnover rent.
However, the revenue of jewelry and watch shops are not satisfying. The broker maintained the rating at Hold with the target price at $26.
Source: AAStocks Financial News
Deutsche: SANDS CHINA LTD (01928.HK) 2Q Results Top Estimates; Top Pick in Sector
Deutsche Bank, in its report, pointed out that SANDS CHINA LTD (01928.HK) +2.900 (+9.385%) Short selling $158.16M; Ratio 20.151% 's results in the second quarter beat estimates because of the better cost control and also the margin resilience.
The company is the broker's top pick among the Macau gaming industry as other operators are believed to have less room for cost rationalization.
It is expected that SANDS CHINA LTD will keep losing its market share in the second half of this year and the company will find it tough to sustain margin at this level.
However, the management has confidence in maintaining the current dividend level but this may need to be tied to the growing cash flow.
SANDS CHINA LTD's non-gaming revenue added 8% quarterly and 20% yearly as more tenants start paying turnover rent.
However, the revenue of jewelry and watch shops are not satisfying. The broker maintained the rating at Hold with the target price at $26.
Source: AAStocks Financial News
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Re: Sands China 1928
by winston » Thu Jul 23, 2015 4:05 pm
not vested
<Research Report>C Suisse Raises SANDS CHINA LTD Target to $39.5
SANDS CHINA LTD (01928.HK) adjusted property EBITDA amounted to US$560 million in the second quarter, 12% above Credit Suisse's forecast of US$501 million.
Profit margin improved to 32.2% (1Q: 30.2%) on solid cost control.
The research house expected SANDS CHINA LTD will keep its policy on gradual increase of payout.
Credit Suisse raised SANDS CHINA LTD's target price from $38 to $39.5 and reiterated the rating at Outperform.
Its FY15-17 EPS forecast was lifted by 8.5%, 5% and 3.6% to US$0.19, US$0.22 and US$0.24 respectively.
Source: AAStocks Financial News
<Research Report>C Suisse Raises SANDS CHINA LTD Target to $39.5
SANDS CHINA LTD (01928.HK) adjusted property EBITDA amounted to US$560 million in the second quarter, 12% above Credit Suisse's forecast of US$501 million.
Profit margin improved to 32.2% (1Q: 30.2%) on solid cost control.
The research house expected SANDS CHINA LTD will keep its policy on gradual increase of payout.
Credit Suisse raised SANDS CHINA LTD's target price from $38 to $39.5 and reiterated the rating at Outperform.
Its FY15-17 EPS forecast was lifted by 8.5%, 5% and 3.6% to US$0.19, US$0.22 and US$0.24 respectively.
Source: AAStocks Financial News
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Re: Sands China 1928
by winston » Thu Jul 23, 2015 6:54 pm
not vested
Nomura Maintains SANDS CHINA LTD at Underweight with Target Lifted to $27.1
SANDS CHINA LTD(01928.HK) +2.450 (+7.929%) Short selling $249.54M; Ratio 19.600% 2Q net revenue totaled US$1.78 billion, down 26% yearly.
Property EBITDA amounted to US$565 million, representing a significant decline of 30% from a year earlier.
2Q property EBITDA came in 4% above Nomura's forecast of US$541 million, mainly derived from cost cutting efforts and improving earnings mix.
Despite the pleasant surprise in the second quarter, Macau gaming industry growth visibility remains weak.
Together with the unappealing valuation, Nomura keeps SANDS CHINA LTD at Underweight.
The target price was slightly raised to $27.1 from $26.9.
Based on yesterday's closing price at $30.9, there is a 12.3% potential downside.
Source: AAStocks Financial News
Nomura Maintains SANDS CHINA LTD at Underweight with Target Lifted to $27.1
SANDS CHINA LTD(01928.HK) +2.450 (+7.929%) Short selling $249.54M; Ratio 19.600% 2Q net revenue totaled US$1.78 billion, down 26% yearly.
Property EBITDA amounted to US$565 million, representing a significant decline of 30% from a year earlier.
2Q property EBITDA came in 4% above Nomura's forecast of US$541 million, mainly derived from cost cutting efforts and improving earnings mix.
Despite the pleasant surprise in the second quarter, Macau gaming industry growth visibility remains weak.
Together with the unappealing valuation, Nomura keeps SANDS CHINA LTD at Underweight.
The target price was slightly raised to $27.1 from $26.9.
Based on yesterday's closing price at $30.9, there is a 12.3% potential downside.
Source: AAStocks Financial News
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Re: Sands China 1928
by winston » Fri Jul 24, 2015 6:51 am
not vested
Sands soars as profits surprise by Macau Mak
Sands China (1928) shares topped 10 percent yesterday after it posted better- than-expected second-quarter results, and the Macau government said it may delay a smoking ban at casinos for a year.
The stock rose 7.93 percent to close at HK$33.35 a three-month high.
Net profit during April to June slumped 37.3 percent to US$388.7 million (HK$3.03 billion) from a year ago.
Revenue fell 25.6 percent to US$1.77 billion.
VIP gaming revenue tumbled 43 percent to US$641 million while mass market earnings saw a 23 percent slide.
But its market share in Macau reached 24.6 percent for the quarter the highest since the first quarter of 2009.
Las Vegas Sands chairman Sheldon Adelson attributed the result to growth in cost efficiency and premium business.
He said Wynn Macau (1128) is specialized in competing. Speaking about his competitors, Adelson said Melco Crown Entertainment chief executive Lawrence Ho Yau-lung has done a good job. But Galaxy Entertainment (0027) and SJM Holdings (0880) are "making mistakes."
Sands will focus on the premium mass market, and is committed to raising dividends. The chairman expected Parisian Macao, the company's newest casino resort, to open in about 12 months.
Credit Suisse said the promise by the firm to maintain its dividend level will benefit the stock. It raised the target price on the stock to HK$39.5.
Deutsche Bank maintained a target price at HK$26, but it ranked Sands as the top Macau gaming stock, as others have less room for cost control.
BNP Paribas expected Sands will lose its market share after the launch of Melco's Studio City Macau in the fourth quarter, lowering its target price to HK$28.5.
Macau lawmakers, meanwhile, will begin another public online consultation on the proposed smoking ban from August to September. Lawmaker Chan Chak-mo expected the proposal will face scrutiny for one year, Macao Daily reported.
The ban proposes to extend the non- smoking area from the current mass tables only to all areas, including VIP rooms.
Source: The Standard HK
Sands soars as profits surprise by Macau Mak
Sands China (1928) shares topped 10 percent yesterday after it posted better- than-expected second-quarter results, and the Macau government said it may delay a smoking ban at casinos for a year.
The stock rose 7.93 percent to close at HK$33.35 a three-month high.
Net profit during April to June slumped 37.3 percent to US$388.7 million (HK$3.03 billion) from a year ago.
Revenue fell 25.6 percent to US$1.77 billion.
VIP gaming revenue tumbled 43 percent to US$641 million while mass market earnings saw a 23 percent slide.
But its market share in Macau reached 24.6 percent for the quarter the highest since the first quarter of 2009.
Las Vegas Sands chairman Sheldon Adelson attributed the result to growth in cost efficiency and premium business.
He said Wynn Macau (1128) is specialized in competing. Speaking about his competitors, Adelson said Melco Crown Entertainment chief executive Lawrence Ho Yau-lung has done a good job. But Galaxy Entertainment (0027) and SJM Holdings (0880) are "making mistakes."
Sands will focus on the premium mass market, and is committed to raising dividends. The chairman expected Parisian Macao, the company's newest casino resort, to open in about 12 months.
Credit Suisse said the promise by the firm to maintain its dividend level will benefit the stock. It raised the target price on the stock to HK$39.5.
Deutsche Bank maintained a target price at HK$26, but it ranked Sands as the top Macau gaming stock, as others have less room for cost control.
BNP Paribas expected Sands will lose its market share after the launch of Melco's Studio City Macau in the fourth quarter, lowering its target price to HK$28.5.
Macau lawmakers, meanwhile, will begin another public online consultation on the proposed smoking ban from August to September. Lawmaker Chan Chak-mo expected the proposal will face scrutiny for one year, Macao Daily reported.
The ban proposes to extend the non- smoking area from the current mass tables only to all areas, including VIP rooms.
Source: The Standard HK
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Re: Sands China 1928
by winston » Fri Aug 14, 2015 1:45 pm
not vested
<Blue Chip Results>Sands China Ltd Interim Net Profit Down 46.4%; Div. $0.99
SANDS CHINA LTD (01928.HK) announced results for the six months ended 30 June 2015.
Net profit tumbled 46.4% year-on-year to US$734 million. EPS was US9.1 cents. An interim dividend of HK$0.99 per share was declared.
Adjusted EBITDA amounted to US$1,096 million, down 36.9% from a year ago.
Total net revenues receded 30.7% yearly to US$3,516 million. Meanwhile, net revenues from casino totaled US$2,998 million, down 34.4% on a yearly basis.
The Parisian Macao is now anticipated to open in the second half of 2016 (subject to Macao Government approval). It is envisaged to include a gaming area, a hotel with over 3,000 rooms and suites and retail, entertainment, dining and meeting facilities.
The costs including payments made for the land premium, expected design, development and construction of The Parisian Macao will be approximately US$2.7 billion.
Source: AAStocks Financial News
<Blue Chip Results>Sands China Ltd Interim Net Profit Down 46.4%; Div. $0.99
SANDS CHINA LTD (01928.HK) announced results for the six months ended 30 June 2015.
Net profit tumbled 46.4% year-on-year to US$734 million. EPS was US9.1 cents. An interim dividend of HK$0.99 per share was declared.
Adjusted EBITDA amounted to US$1,096 million, down 36.9% from a year ago.
Total net revenues receded 30.7% yearly to US$3,516 million. Meanwhile, net revenues from casino totaled US$2,998 million, down 34.4% on a yearly basis.
The Parisian Macao is now anticipated to open in the second half of 2016 (subject to Macao Government approval). It is envisaged to include a gaming area, a hotel with over 3,000 rooms and suites and retail, entertainment, dining and meeting facilities.
The costs including payments made for the land premium, expected design, development and construction of The Parisian Macao will be approximately US$2.7 billion.
Source: AAStocks Financial News
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