BUZZ-Sands China hits 7-month low as net income falls; rivals slip

Reuters01-29
BUZZ-<a href="https://laohu8.com/S/SCHYY">Sands China</a> hits 7-month low as net income falls; rivals slip

** Shares of Sands China Ltd 1928.HK drop 8.5% to HK$17.24, their lowest level since July 2

** Stock on track for biggest one-day pct drop since April 7; top pct loser in the benchmark Hang Seng Index .HSI, which slips 0.2%

** Resorts and casinos operator in Macau says its Q4 2025 net income fell 10.1% y/y to $213 mln, while 2025 net income dropped 14.2% y/y to $901 mln

** Says total net revenue for Q4 increased 16.4% to $2.05 bln, while 2025 total net revenue increased 5.1% to $7.44 bln

** Says adjusted property EBITDA up 6.5% in Q4, but down 0.9% for 2025

** YTD, stock down 11.8%, the Hang Seng Commerce & Industry Index .HSNC up 7.8%

** Rivals SJM 0880.HK, Wynn Macau 1128.HK, Melco International 0200.HK, MGM China 2282.HK and Galaxy Entertainment 0027.HK down between 2.1% and 3.9%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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.

Comments

We need your insight to fill this gap
Leave a comment