Movement Alert|Sands China Rises 3.28% in Regular Trading, Multiple Investment Banks Reiterate Buy Ratings as Sector Rebounds

Market Focus07-08

On July 8, Sands China rose 3.28% in regular trading, trading at HKD 13.55/share, with turnover of HKD 104 million. The broader Casinos & Gaming sector rallied in tandem, with Galaxy Entertainment up 3.48%, SJM Holdings up 2.74%, and Wynn Macau up 2.16%.

On the news front, UBS published a research note on July 7 naming Sands China as a sector top pick alongside Melco, assigning a Buy rating with a target price of HKD 19.4. The bank noted that while football events continue to weigh on near-term demand, this headwind is expected to ease after mid-July. Separately, Goldman Sachs on July 3 maintained its Buy rating on Sands China with a target price of HKD 23.2, stating that once the high-base effect and World Cup diversion factors dissipate, Macau's gaming performance should improve. June gross gaming revenue came in at MOP 18.52 billion, down 12.1% year-over-year, largely attributed to seasonal World Cup-related disruption rather than structural weakness.

(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.)

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