Sands China 1928

Re: Sands China 1928

Postby winston » Mon Jul 31, 2017 9:25 am

Sands rolling happily along on Macau's pace

by Janice Huang

Macau's gambling market has grown steadily for four consecutive quarters, says Sheldon Adelson, chairman and chief executive of Las Vegas Sands Corp.

Revenue of Sands China (1928) increased 23 percent to US$1.82 billion (HK$14.1 billion) in the second quarter of this year driven by growth in mass gaming and non-gaming segments. It also continues to develop VIP operations.

Net profit rose by 37.6 percent year on year to US$326 million compared to US$237 million in the second quarter of 2016.

Adjusted property earnings before interest taxes, depreciation and amortization also saw an increase, 23 percent, in the second quarter of this year to US$600 million compared with last year mainly due to mass market revenue growth and increased hotel capacity.

The Parisian Macao, opened in September, saw revenue up 13.5 percent from US$318 million in the first quarter to US$361 million in the second. The Venetian Macao generated revenue of US$687 million in the second quarter.

Source: The Standard
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Re: Sands China 1928

Postby winston » Thu Oct 26, 2017 11:32 am

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<Research Report>Deutsche: SANDS CHINA LTD Quarterly Results Top Estimates; Target Lifted to $42

Deutsche Bank, in its report, said SANDS CHINA LTD (01928.HK) 3Q17 property EBITDA rose 9% quarterly (up 4% yearly), higher than consensus and the broker's estimate.

During the period, GGR rose 7% quarterly, and its GGR market share was maintained at 22.2%.

Boosted by The Parisian Macao, revenue from VIP segment grew robustly, lifting its VIP GGR market share to 14.5% (from 13% in 2Q17). The EBITDA margin in 3Q17 also hit record high.

Sands China announced to use US$1.1 billion to renovate, reshape and expand Sands Cotai Central and Four Seasons.

The broker believed that can attract premium mass, thus raised the company's 2018 EBITDA forecast by 2% to US$2.73 billion.

Deutsche Bank also raised Sands China's target price from $40.5 to $42, with rating Hold.

Source: AAStocks Financial News
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Re: Sands China 1928

Postby winston » Thu Oct 26, 2017 3:47 pm

<Post Result>Brokers' Latest Ratings & TPs on SANDS CHINA LTD (Table)

LAS VEGAS SANDS CORP., the controlling shareholder of SANDS CHINA LTD (01928.HK), reported that for the third fiscal quarter ended 30 September 2017, SANDS CHINA's mass and VIP GGR exceed the overall market growth in Macau.

During the period, adjusted property EBITDA amounted to US$652 million, hitting new quarterly high since 4Q14.

10 brokers listed their latest ratings and target prices on Sands China:

Brokers/ Ratings/ Target prices ($)
Citigroup/ Buy/ 46
Bank of America Merrill Lynch/ Buy/ 41.4->42.4
JPMorgan/ Overweight/ 42
Deutsche Bank/ Hold/ 40.5->42
Shenwan Hongyuan/ Outperform/ 40.58->41.56
UBS/ Neutral/ 40.4
HSBC Global Research/ Hold/ 40
Credit Suisse/ Neutral/ 40
Goldman Sachs/ Neutral/ 40.4->39.9
Morgan Stanley/ Equalweight/ 39

Source: AAStocks Financial News
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Re: Sands China 1928

Postby winston » Thu Oct 25, 2018 9:27 am

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<Blue Chip Results>SANDS CHINA LTD 3Q Total Net Revenues Up 13% YoY

SANDS CHINA LTD (01928.HK) announced that on a US GAAP basis, total net revenues for the company increased 13% yearly to US$2.15 billion in the third quarter of 2018.

During the period, net income for the company increased 13% yearly to US$454 million, while net income attributable to non-controlling interests increased to US$128 million .

Source: AAStocks Financial News
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Re: Sands China 1928

Postby winston » Thu Oct 25, 2018 10:29 am

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SANDS CHINA LTD Chairman: Strong VIP & Mass Gaming Growth; Hotel Occupancy Hits 96% New High

SANDS CHINA LTD (01928.HK) 's strong financial results in the quarter were led by continued growth in every market segment in Macao, said Chairman Sheldon G. Adelson.

SANDS CHINA LTD experienced strong growth in both the VIP and mass gaming table segments, enabling the company to again outperform the Macao market, while growing its market share of revenue.

Adelson added that the company has also achieved record hotel occupancy of 96% at its Macao portfolio.

The strong financial performance of The Venetian Macao contributes to the company's unwavering confidence in the future of Macao.

SANDS CHINA LTD announced that on a US GAAP basis, its total net revenues increased 13% yearly to US$2.15 billion in the third quarter of 2018.

Source: AAstocks.com
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Re: Sands China 1928

Postby winston » Thu Oct 25, 2018 10:31 am

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SANDS CHINA LTD to Expand Macau Investment Size, Return Capital Surplus to Shareholders

Sheldon G. Adelson, Chairman-cum-CEO of SANDS CHINA LTD (01928.HK)'s controlling shareholder Las Vegas Sands Corp.(LVS), expressed that he will expand the investment size in Macau, owing to the rosy prospect of the city.

The key projects will commence in stages in 2020 and 2021.

Adelson also expressed his confidence of the future development.

On top of strategic re-investment in the current assets, he is now in seek of new development potential, in pursuit of returning the capital surplus to shareholders.

Source: AAstocks.com
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Re: Sands China 1928

Postby winston » Thu Oct 25, 2018 2:32 pm

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<Research Report>UBS: SANDS CHINA LTD QoQ Results In Line; Lifts Capex for Project Expansion

SANDS CHINA LTD (01928.HK)'s 3Q18 results were largely consistent with expectations, UBS opined.

Among which, VIP GGR grew 13% QoQ on robust performance.

Mass and slot GGR of US$1.46 billion (+16% YoY and -1% QoQ) also met the broker's estimates.

The capital expenditure budget for The Londoner, The St Regis and Four Seasons Hotel projects will total US$2.2 billion, with an increment of US$1 billion.

SANDS CHINA LTD was rated Neutral, with a price target of HK$35.75.

Source: AAStocks Financial News
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Re: Sands China 1928

Postby winston » Fri Oct 26, 2018 10:52 am

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3Q18 results: Management remains bullish

3Q18 EBITDA was US$754m (+16% yoy, +1% qoq), in line with consensus forecasts and 2% above our expectations.

Despite macro headwinds, management remained confident about the outlook for gaming demand in Macau.

Maintain Add with a reduced target price, based on 14.5x FY19F EV/EBITDA (in line with the historical average) vs. 20x FY18F EV/EBITDA previously.

Source: CIMB

https://brokingrfs.cimb.com/DM2RHtO-Puq ... lIzbg2.pdf
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Re: Sands China 1928

Postby winston » Fri Oct 26, 2018 11:39 am

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<Research Report>Citi Trims SANDS CHINA LTD TP to $45.5 on Financial Cost Rise from Investment Increase

SANDS CHINA LTD (01928.HK)'s 3Q revenue amounted to US$2.152 billion, up 13% YoY and 2% QoQ.

During the period, VIP GGR lifted 7% QoQ.

In addition, SANDS CHINA LTD increased the CAPEX for the Londoner and new suites by US$925 million to US$2.2 billion. Hence, Citigroup lowered SANDS CHINA LTD's 2018-2020 EPS forecasts by 4.8%/ 8.5%/ 7.8%.

Citigroup maintained SANDS CHINA LTD at Buy, with target price down from $47 to $45.5.

Source: AAStocks Financial News
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Re: Sands China 1928

Postby winston » Fri Oct 26, 2018 2:58 pm

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<Research Report>M Stanley: SANDS CHINA LTD Kept Overweight on QoQ Results In-line

SANDS CHINA LTD (01928.HK)'s 3Q EBITDA hiked 16% YoY or 1% QoQ to US$754 million, conforming with the expectation of Morgan Stanley.

VIP GGR growth of 15% YoY or 7% QoQ topped consensus; while flattish mass GGR QoQ missed.

The rating was Overweight with target price of $44.

Source: AAStocks Financial News
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