Sands China 1928

Re: Sands China 1928

Postby winston » Thu Jan 24, 2019 9:36 am

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SANDS CHINA LTD 4Q18 Adjusted Property EBITDA Up 7.7%

SANDS CHINA LTD (01928.HK) announced that the controlling shareholder Las Vegas Sands Corp. (LVS)'s integrated resort property portfolio in Macao delivered adjusted property EBITDA of US$786 million on a US GAAP basis, an increase of 7.7% year-on-year.

Such increase was led by record mass revenues and continued growth in every market segment in Macao.

SANDS CHINA LTD's total net revenues increased 9% yearly to US$2.25 billion in the fourth quarter of 2018.

Net income for the company decreased 11% annually to US$465 million in the fourth quarter of 2018.

Source: AAStocks Financial News
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Re: Sands China 1928

Postby winston » Thu Jan 24, 2019 1:32 pm

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<Research Report>Deutsche: SANDS CHINA LTD 4Q18 Results Miss; Premium Mass Growth Likely Eases to Only 4%

SANDS CHINA LTD (01928.HK) announced its 4Q18 adjusted property EBITDA of US$786 million (+4% QoQ/ +8% YoY), 5% and 4% below Deutsche Bank's forecast and street consensus.

Such disappointing results were driven by slower premium mass growth of 4 % YoY (3Q18: 23% YoY) , together with impact from adjusted EBITDA margin.

Overall, SANDS CHINA LTD was maintained at Sell, with a target price of $30.

Source: AAStocks Financial News
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Re: Sands China 1928

Postby winston » Fri Jul 26, 2019 7:40 am

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Sands China readies for Four Seasons Tower Suites Macao launch

The Londoner Macao project is launched in May.

Sands China says it will introduce the Four Seasons Tower Suites Macao later this year and The Londoner Macao throughout 2020 and 2021.

Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands said the casino resports company remains "enthusiastic about our future growth opportunities in Asia.''

Las Vegas Sands delivered solid financial results in the quarter, with hold-normalized adjusted property EBITDA reaching nearly US$1.3 billion, Adelson said.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0725&sid=2
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Re: Sands China 1928

Postby winston » Fri Jul 26, 2019 7:40 am

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Sands China readies for Four Seasons Tower Suites Macao launch

The Londoner Macao project is launched in May.

Sands China says it will introduce the Four Seasons Tower Suites Macao later this year and The Londoner Macao throughout 2020 and 2021.

Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands said the casino resports company remains "enthusiastic about our future growth opportunities in Asia.''

Las Vegas Sands delivered solid financial results in the quarter, with hold-normalized adjusted property EBITDA reaching nearly US$1.3 billion, Adelson said.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0725&sid=2
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Re: Sands China 1928

Postby winston » Mon Aug 12, 2019 6:57 am

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Sands China half-year profit rises to US$1b

US$131 million gambling revenue was contributed by The Parisian Macao in the first half.

Macau integrated casino resorts operator, Sands China (1928) reported today first half profit grew by 9 percent to US$1.06 billion (HK$8.33 billion) compared with US$979 million (HK$7.68 billion) in the first half of 2018.

Net revenues were US$4.47 billion, an increase of 4.8 percent, compared with US$4.27 billion in the first half of 2018.

Sands China declared an interim dividend of HK$0.99 (equivalent to US$0.127) per share.

Adjusted property EBITDA was US$1.63 billion, an increase of 5.6 percent, from US$1.54 billion the year before period.

Casino revenues were US$3.59 billion, an increase of 6 percent, compared with US$3.38 billion for the six months ended June 30, 2018.

This was mainly due to to an increase of US$131 million at The Parisian Macao, which was mainly driven by increases in volume in mass gambling as well as higher win percentage in all gambling offerings, Sands China said.

Operating expenses were US$3.28 billion, up by 2.4 percent, from US$3.20 billion for the six months ended June 30, 2018.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0809&sid=2
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Re: Sands China 1928

Postby winston » Fri Apr 24, 2020 8:04 am

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Sands China loses US$166m

by Winnie Lee

Macau casino operator Sands China (1928) recorded a net loss of US$166 million (HK$1.29 billion) during the first quarter this year, while its parent group said it has sufficient resources to continue in the "near-zero" revenue environment for another 18 months. "

Total net revenue plunged by 54 percent year-on-year to US$814 million. This compared with a net profit of US$557 million for the same period last year.

Capital expenditure during the first quarter totaled US$320 million, including construction, development and maintenance activities of US$241 million in Macau.

Sheldon G. Adelson, chairman and chief executive of Las Vegas Sands, said now is not the time to pause or slow down investment in Macau.

On when travel restrictions between mainland China and Macau may be lifted and how, the group said it is not possible to predict at this time and is hopeful that some travel curbs may begin to be lifted in the latter part of May and June.

However, it believed that restrictions will be lifted gradually and various health precautions will remain in place for some time.

The group will be continuing with the LVS group's existing development plans in both Macau and Singapore.

Regarding the LVS dividend program, Adelson said LVS intends to reinstate the dividend as and when appropriate levels of business return after consultation with the LVS Board. LVS will consider all options, including the amount of the dividend initially, depending on how quickly business recovers.

Source: The Standard

https://www.thestandard.com.hk/section- ... es-US$166m
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Re: Sands China 1928

Postby winston » Fri Jul 23, 2021 7:44 am

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Sands China loss narrows to US$166m

Sands China (1928) recorded a net loss of US$166 million (HK$1.29 billion) for the second quarter this year, narrowing by nearly 70 percent year-on-year.

The total net revenues of the casino group increased to US$849 million for the second quarter of 2021, compared to US$40 million in the second quarter last year.

The company also had adjusted property earnings before interest, taxes, depreciation, and amortization of US$132 million for the second quarter of 2021, compared to an adjusted property EBITDA loss of US$312 million for the second quarter of 2020.

Source: The Standard

https://www.thestandard.com.hk/breaking ... to-US$166m
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Re: Sands China 1928

Postby winston » Thu Oct 21, 2021 1:24 pm

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Brokers' Ratings, TPs, Views on SANDS CHINA LTD (01928.HK) Post-QoQ Result (Table)

Brokers│Ratings│TPs ($)
BofA Securities│Buy│41.2
UBS│Buy│28.1
Citigroup│Buy│24.5
Morgan Stanley│Overweight│20
JPMorgan│Underweight│20
Credit Suisse│Neutral│14.9

Brokers│Views
BofA Securities│QoQ result slightly beats with higher VIP win rate
UBS│3Q21 EBITDA largely in-line; demand revival still pending MO govt's border instruction
Citigroup│QoQ result in-line, kept Buy
Morgan Stanley│3Q EBITDA fails to meet target, yet retail rent strong
JPMorgan│3Q result in-line as expected; demand to recover strongly post full border reboot
Credit Suisse│3Q result basically consistent; new gaming law, revival outlook still uncertain

Source: AAStocks Financial News
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Re: Sands China 1928

Postby winston » Thu Oct 20, 2022 9:49 am

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SANDS CHINA LTD 3Q Net Loss Expands to US$472M; Adj. Property EBITDA Loss US$152M

On a US GAAP basis, total net revenues for SCL amounted to US$251 million, down 58.9% yearly.

Net loss for SCL expanded to US$472 million for the third quarter of 2022, compared to US$423 million in the third quarter of 2021.

SCL's adjusted property EBITDA loss was US$152 million for the third quarter of 2022, compared to an adjusted property EBITDA of US$32 million for the third quarter of 2021.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
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Re: Sands China 1928

Postby winston » Fri Oct 21, 2022 2:18 pm

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G Sachs: SANDS CHINA LTD Posts Estimate-beating 3Q Results with Enticing Valuation

Macau's GGR cascaded 34% QoQ in the third quarter of 2022, primarily dragged down by the local pandemic outbreaks in July and August, reported Goldman Sachs.

Over the period, SANDS CHINA LTD (01928.HK) posted an EBITDA loss of roughly USD152 million, ahead of Goldman Sachs' estimate of a USD184 million loss and the market consensus of a USD158-198 million loss, respectively.

Related News: SANDS CHINA LTD 3Q Net Loss Expands to US$472M; Adj. Property EBITDA Loss US$152M

Goldman Sachs hiked the FY2022E EBITDA for the company by 40% and kept the FY2023-24E largely unchanged.

The rating and target price for the stock were maintained at Buy and $26, respectively, on the back of the company's enticing valuation.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
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