Movement Alert｜Sands China Falls 3.24% in Regular Trading, Weighed by Analyst Downgrade and June Revenue Concerns

Market Focus06-05

On June 5, Sands China fell 3.24% in regular trading, trading at HK$15.23/share, with trading volume of HK$40.95 million. The stock declined amid a broad selloff in the Macau gaming sector.

On the news front, Macquarie recently downgraded Sands China from Outperform to Neutral, cutting its target price by 21% to HK$16.7. The bank lowered its valuation basis from 12x forward EV multiple to 10x, aligning it with peers such as Wynn Macau and MGM China, citing growth expected to slow to mid-single digits. Meanwhile, Morgan Stanley flagged potential headwinds for June, projecting Macau gaming revenue to decline 1% YoY to MOP 20.8 billion due to World Cup-related disruptions and a higher comparison base, noting that revenue growth would be insufficient to offset rising cost pressures.

Within the Casinos and Gaming sector, the overall sector declined broadly. Among individual stocks, Galaxy Entertainment down 2.69%, Wynn Macau down 2.38%, SJM Holdings down 1.59%, MGM China down 0.87%, Melco International down 0.26%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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