Sands China's Shares Look Slightly Undervalued -- Market Talk

Dow Jones10-25

0724 GMT - Sands China's shares appear slightly undervalued, says Morningstar's Jennifer Song. The Macau casino operator's 3Q performance was slightly ahead of both Morningstar's and market expectations. The company has indicated a possible dividend in 2025 that will be viewed positively by shareholders, Song says. As of end-September, Sands China had total cash of US$1.9 billion, up from US$1.1 billion a year ago, Song adds. Improving balance sheet strength means Sands China could begin paying a final dividend of HK$0.50 a share in 2024, the senior equity analyst says. Morningstar maintains the stock's fair value estimate of HK$26.50. Shares are last up 2.8% at HK$19.92. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

October 25, 2024 03:24 ET (07:24 GMT)

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Improving balance sheet strength means Sands China could begin paying a final dividend of HK$0.50 a share in 2024, the senior equity analyst says. Morningstar maintains the stock's fair value estimate of HK$26.50. Shares are last up 2.8% at HK$19.92. 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The Macau casino operator's 3Q performance was slightly ahead of both Morningstar's and market ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0651946864.USD","symbol_name":"贝莱德新兴市场股票收益A2","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2478302676","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478302676","pubTimestamp":1729841040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0724 GMT - Sands China's shares appear slightly undervalued, says Morningstar's Jennifer Song. The Macau casino operator's 3Q performance was slightly ahead of both Morningstar's and market expectations. The company has indicated a possible dividend in 2025 that will be viewed positively by shareholders, Song says. As of end-September, Sands China had total cash of US$1.9 billion, up from US$1.1 billion a year ago, Song adds. Improving balance sheet strength means Sands China could begin paying a final dividend of HK$0.50 a share in 2024, the senior equity analyst says. Morningstar maintains the stock's fair value estimate of HK$26.50. Shares are last up 2.8% at HK$19.92. 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