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Changes in Hong Kong stocks | Sands China (01928) rose nearly 3%, institutions say the company benefited from increased market share in midmarket business
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The Zhitong Finance App learned that Sands China (01928) rose nearly 3%. As of press release, it had risen 2.26% to HK$11.3, with a turnover of HK$168 million.

According to the news, UBS released a research report saying that Sands China's Luck-adjusted EBITDA for the third fiscal quarter is expected to drop by about 7% year on year and about 3% month on month. The bank also anticipates that Sands China will be the only gaming operator to achieve Luck-adjusted EBITDA growth, mainly due to increased market share in the midmarket business.

According to data released by the Macau Gaming Inspection and Coordination Office (DICJ), the total gross gaming revenue (GGR) for the third quarter was approximately MOP 60.2 billion, down about 4% year on year and 1% month on month, partly reflecting the impact of the World Cup. UBS predicts that Sands China's gross midfield gaming revenue for the third fiscal quarter will drop by about 2% month-on-month, while VIP club gaming gross revenue is expected to increase by about 13% month-on-month due to higher hold rates (hold rates).

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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