Movement Alert|SANDS CHINA LTD Rises 3.95% in Regular Trading, Interim Results Show 11.1% Revenue Growth with HK$0.50 Dividend

Market Focus08-17

On August 17, SANDS CHINA LTD rose 3.95% in regular trading, trading at HK$14.79/share, with turnover of HK$14.55 million.

On the news front, the company released its interim results on August 14, reporting net revenue of US$3.88 billion for the six months ended June 30, representing an 11.1% year-over-year increase driven primarily by higher casino revenue. The company declared an interim dividend of HK$0.50 per share. While net profit declined 3.6% to US$398 million due to a 14.2% rise in operating expenses including gaming taxes, wages, and marketing costs, the top-line growth and dividend commitment appear to have buoyed market sentiment.

Notably, the first quarter had already demonstrated strong momentum with net revenue up 23.6% and net income surging 45.5%, supported by high-end mass-market gaming. Multiple brokerages including CLSA and First Shanghai Securities had maintained buy ratings earlier, citing the company as offering the best dividend growth visibility among Macau operators. The current TTM dividend yield stands at approximately 5.24%.

(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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