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<Research>CLSA Rates SANDS CHINA LTD as Outperform; 3Q Adj. Property EBITDA Beats
Recommend 10 Positive 16 Negative 7 |
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According to a report issued by CLSA, SANDS CHINA LTD (01928.HK)'s 3Q25 adjusted property EBITDA, in contrast to an unsurprising decline in its profits, grew by 2% YoY to USD599 million, exceeding Bloomberg's and the broker's forecasts by 0.5% and 4%, respectively. SANDS CHINA LTD's mass market share also increased by 1.4 ppts QoQ to 25.4%, marking the highest level since 1Q24. Its decision to lower its 2025-27 total capital expenditure guidance by 4% to USD1.25 billion offered a positive surprise. CLSA gave SANDS CHINA LTD an Outperform rating and a target price of HKD22. AAStocks Financial News |
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