JPSANDS@EP2606A

Sands China Announces Annual Results and New Chairman

Sands China Announces Last Year's Performance, Net Income Up Over 50%

SANDS CHINA LTD released FY2025 Q3 earnings on February 13, 2026 (BJT), actual revenue HKD 15.37 B (forecast HKD 14.86 B), actual EPS HKD 0.2322 (forecast HKD 0.2331)

Sands China Ltd released FY2025 9 Months earnings on February 13, 2026 (BJT), actual revenue HKD 42.66 B, actual EPS HKD 0.6307

Shanghai Sands Reports 14.3% Decrease in Net Revenue for 2025 Fiscal Year

SANDS CHINA LTD released FY2025 earnings on February 13 After-Market (BJT), actual revenue HKD 58.04 B (forecast HKD 57.96 B), actual EPS HKD 0.8632 (forecast HKD 0.9938)

SANDS CHINA LTD released FY2025 Q4 earnings on February 13 After-Market (BJT), actual revenue HKD 15.37 B (forecast HKD 15.84 B), actual EPS HKD 0.2321 (forecast HKD 0.3108)

Multiple Countries to Release Macro Data and Officials to Give Speeches

Sands China Partners with Alipay to Enhance Macau's Tourism with Payment Technology

Fitch Upgrades Galaxy Entertainment's Rating to 'BBB' from 'BBB-'

SANDS CHINA LTD to release FY2025 earnings on February 13 After-Market (BJT), forecast revenue HKD 58.19 B, EPS HKD 0.9948

JPMorgan Maintains Overweight Rating on Sands China Despite Forecast Adjustment

Shanghai Sands to Hold Board Meeting to Approve Annual Performance and Dividend Recommendations

CICC Publishes Q4 Financial Report Research on Sands China

HTI Maintains Outperform Market Rating for Sands China and Predicts Future Performance

Morgan Stanley Analyzes Sands Q4 Earnings and Maintains Overweight Rating

Sands China Reports 16.4% Increase in Net Revenue for Q4 2025

Las Vegas Sands Reports Q4 Revenue Beat, Plans Continued Stock Repurchase

J.P. Morgan Report Predicts Recovery in Macau's Gaming Industry

Morgan Stanley Downgrades Macau Gaming Sector's Q4 2025 Forecast and Provides Individual Stock Ratings

KO YO GROUP

GEOTECH HLDGS

CHINA INFO TECH

REDCO HEALTHY

AGTECH HOLDINGS

CH CITY INFRA

RMH HOLDINGS

MATRIX HOLDINGS

SOFTMEDX

PUTIAN COMM

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Citi released a research report indicating that the Macau gaming industry has had a strong start, with high-end mass market performance continuing to strengthen and average betting amounts reaching record highs. It is expected that February's gaming revenue will grow by 1% to MOP 20 billion. Citi is optimistic about Galaxy Entertainment and has given it a buy rating with a target price of HKD 54. Other ratings for Macau gaming stocks include buy for MGM China at HKD 18.25, buy for Sands China at HKD 23, buy for Wynn Macau at HKD 7.55, sell for SJM Holdings at HKD 2.23, and buy for Melco Resorts at USD 10.5

AASTOCKS

MGM CHINA

GALAXY ENT

Galaxy Entertainment Group

SANDS CHINA LTD

SJM HOLDINGS

WYNN MACAU

"Big Banks" Citigroup: Macau's gaming industry starts strong, most optimistic about Galaxy Entertainment

WYNN

MLCO

SCHYY

00200

Citigroup expects Macau's gaming revenue to reach MOP 20 billion in February this year, a year-on-year increase of 1%. During the first seven days of the Lunar New Year golden week, the number of visitors to Macau reached 1.2125 million, with mainland visitors accounting for 76.9%. The bank believes that the visitor trend in Macau is positive and aligns with the predictions of the tourism bureau. It is expected that the average daily gaming revenue from February 19 to 23 will be MOP 1.1 billion, while the average daily gaming revenue on other days will be around MOP 750 million

Wynn Resorts

Melco Resorts & ENT

MGM Resorts

Sands China

Las Vegas Sands

VanEck Gaming ETF

MELCO INT'L DEV

Studio City

Citi expects Macau's February gaming revenue to reach MOP 20 billion, a year-on-year increase of 1%

Sands China hosted the second Macao Technological Innovation Exploration in Lisbon, supporting Macao entrepreneurs. The five-day program involved 38 delegates from 25 Macao enterprises, focusing on technology innovation and industry exchange. Activities included attending the Web Summit, networking forums, and workshops led by experts. The initiative aims to foster collaboration between Macao and Portugal, aligning with Sands China's commitment to sustainable development in smart tourism and high-tech industries. CEO Grant Chum highlighted the program's impact on broadening horizons for Macao enterprises and establishing meaningful connections.

Acceswire

Sands China Hosts The Second Macao Technological Innovation Exploration

Citi has lowered its forecast for Macau's February gaming revenue to MOP 20 billion, leading to a general decline in gaming stocks. Sands China fell 2.5%, currently at HKD 18.53; Galaxy Entertainment fell 1.16%, currently at HKD 42.58; MGM China fell 1.46%, currently at HKD 13.53; SJM Holdings fell 1.23%, currently at HKD 2.41; Wynn Macau fell 0.34%, currently at HKD 5.92

Citigroup lowers gambling revenue forecast to MOP 20 billion, casino stocks generally decline, Sands China falls 2.5%

Macquarie released a research report indicating that Macau's average daily gaming revenue last week is expected to be MOP 543 million, a decrease of 13% compared to the previous period, mainly due to seasonal slowdown before the Lunar New Year and the VIP room win rate being below normal levels. The firm is optimistic about Galaxy Entertainment, Sands China, and MGM China, particularly noting that Sands China's market share has rebounded to a two-year high and declared a dividend of 50 cents, demonstrating healthy cash flow and an optimistic business growth outlook

Macquarie: Macau's gaming revenue slows due to seasonal factors, optimistic about Galaxy Entertainment, Sands China, and MGM China

JP Morgan released its latest investment ratings and target prices for gaming stocks. Galaxy Entertainment is rated as overweight, with a target price of HKD 52; Sands China is overweight, with a target price of HKD 22; MGM China is overweight, with a target price of HKD 18; Wynn Macau is overweight, with a target price of HKD 8; Melco Resorts & Entertainment is rated neutral, with a target price of USD 6.4; Amax Holdings is rated underweight, with a target price of HKD 2; and New Macau International is rated underweight, with a target price of HKD 3.5

Morgan Stanley's investment ratings and target prices for Macau gaming stocks (Table)

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Hong Kong stocks rose 156 points (0.6%) to 26,723, ending a two-day decline, supported by a slight increase on Wall Street. Investors weighed January's lower inflation data against concerns in the AI sector. Trading was quiet ahead of the Lunar New Year holiday, with markets closing Tuesday and reopening Friday. Notable gainers included China Hongqiao Group (4.2%), AIA Group (2.6%), Techtronic Industries (1.9%), and Sands China (1.6%).

Trading Economics

TECHTRONIC IND

Techtronic Industries

AIA Group

Hang Seng Index

CHINAHONGQIAO

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

TRACKER FUND

ChinaAMC Hang Seng ETF

Hang Seng TECH ETF I

ISHARESHSTECH

China Southern Hang Seng ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

Hong Kong Stocks Trade Higher Ahead of Lunar Break

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BABX

The U.S. Department of Defense updated the "China Military Companies List," adding companies such as Alibaba and Baidu, while removing companies like Yangtze Memory Technologies. Sands China announced a net income of USD 7.44 billion last year, with profits down 14.3% to nearly USD 900 million. China Silver Group raised over USD 460 million through a placement, while Beihai Kangcheng raised nearly USD 200 million through a placement with WuXi Biologics. HK TECH VENTURE announced a 13.9% month-on-month increase in GMV for January

Tasty Money

HK TECH VENTURE

Krne Csi China Internet

BABA 2x Long Daily ETF - GraniteShares

BIDU-SW

Alibaba

Baidu

[Daily Announcement] The U.S. Department of Defense's "Chinese Military Companies List" includes Alibaba, Baidu, and other companies. Sands China Ltd. (1928) saw a 14.3% decline in profits last year

Sands China announced that Robert Goldstein will resign as Chairman and Non-Executive Director, as well as Chairman and member of the Nomination Committee, effective March 1. The Board announced that Non-Executive Director Patrick Sydney Dumont has been appointed as Chairman of the Board and Chairman of the Nomination Committee, effective the same date

Change of Chairman at Sands China, effective March 1

During the Lunar New Year period, hotel occupancy rates in Macau are close to full capacity, with some hotel room prices exceeding six times those in the off-season. The average daily number of tourists is expected to reach between 158,000 and 175,000. According to forecasts, Macau's casino revenue is expected to reach or exceed the levels seen during last year's Golden Week in November, with an average daily gaming revenue projected at MOP 1.1 billion. Multiple factors have contributed to the recovery of the tourism market, with hotel occupancy rates expected to exceed 90%

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Macau hotels are nearing full capacity for the Spring Festival, with the most expensive night costing 9,000 yuan, six times more than on weekdays, and gaming revenue expected to exceed last year's Golden Week

BEDZ

SANDS CHINA LTD announced its preliminary performance for the year 2025, with net revenue of USD 7.443 billion, an increase of 5.1% year-on-year. Net profit was USD 896 million, a decrease of 14.3% year-on-year, with earnings per share of 11.08 cents. A final dividend of HKD 0.50 was declared. Adjusted property EBITDA was USD 2.31 billion, a decrease of 0.7%. Total operating expenses for the year were USD 6.21 billion, an increase of 8.7%. Casino net revenue was USD 5.58 billion, an increase of 4.4%. Room revenue increased by 10.2% to USD 853 million

Invesco Leisure & ENT ETF

AdvisorShares Hotel ETF

"Performance" Sands China adjusted property EBITDA decreased by 0.7% to USD 2.31 billion last year, final dividend of HKD 0.50

Sands China Ltd. reported earnings results for the full year ended December 31, 2025. For the full year, the company reported sales was USD 7,443 million compared to USD 7,080 million a year ago. Net income was USD 896 million compared to USD 1,045 million a year ago.Basic earnings per share from continuing operations was USD 0.1108 compared to USD 0.1291 a year ago. Diluted earnings per share from continuing operations was USD 0.1108 compared to USD 0.1291 a year ago.

marketscreener

Sands China Ltd. Reports Earnings Results for the Full Year Ended December 31, 2025

BETZ

AWAY

Sands China posts FY revenue USD 7,440 million

Roundhill Sports Betting & iGaming ETF

ETFMG Travel Tech ETF

Sands China posts FY revenue USD 7,440 million

Hot trading industry trends on August 7 and related Hong Kong semiconductor stocks. Hong Kong semiconductor stocks opened lower in early trading but then surged strongly, with Innoscience gaining over 11%, and industry leader SMIC rising over 3%. Core logic: On the news front, on August 1, Innoscience officially responded to rumors of collaboration with NVIDIA. The announcement stated that the company has recently partnered with global AI technology leader NVIDIA to jointly promote the large-scale implementation of the 800VDC (800-volt direct current) power architecture in AI data centers. Clear signals of a cyclical bottom: Global semiconductor inventory reduction is nearing its end...

NVIDIA

SMIC

SMIC HK SDR 5to1

FIT HON TENG

WUXI APPTEC

WuXi AppTec

INNOCARE

InnoCare Pharma

XIAOMI-W

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

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CSPC PHARMA

INNOVENT BIO

COWELL

HUA HONG SEMI

Hua Hong

SHANGHAI FUDAN

FMSH

INNOSCIENCE

SOLOMON SYSTECH

TIGERMED

Tigermed

Apple

Hot Trades in Hong Kong Stocks (8.7)｜ Chip Stocks Rebound Strongly, Apple Supply Chain Follows; Xiaomi and Pharmaceuticals Retreat Under Pressure

Hong Kong stocks continued their upward trend on July 28, with the cryptocurrency, innovative drug, gaming, and insurance sectors performing well. Hong Kong's &#34;Stablecoin Ordinance&#34; will officially take effect on August 1, marking the countdown to stablecoin issuance; the innovative drug sector was boosted by Hengrui Pharmaceuticals securing a $12 billion order; insurance stocks extended their gains as industry anti-internal competition and interest rate cuts improved profit prospects; gaming stocks benefited from Macau's July gaming revenue exceeding expectations and Thailand's withdrawal of the casino bill.

HENGRUI PHARMA

Hengrui Pharma

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OSL GROUP

CPIC

SUNSHINE INS

CR HOLDINGS

CHINA LIFE

China Life

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GUOTAI JUNAN I

AIA-R

Hot Trades in Hong Kong Stocks (7.28)｜Cryptocurrency, Innovative Drugs, Insurance, and Gaming Sectors Shine, Hengrui Pharmaceuticals Soars 15% at Midday

JPSANDS@EP2606A(23861.HK)

"Big Banks" Citigroup: Macau's gaming industry starts strong, most optimistic about Galaxy Entertainment

Citi expects Macau's February gaming revenue to reach MOP 20 billion, a year-on-year increase of 1%

Sands China Hosts The Second Macao Technological Innovation Exploration

Citigroup lowers gambling revenue forecast to MOP 20 billion, casino stocks generally decline, Sands China falls 2.5%

Macquarie: Macau's gaming revenue slows due to seasonal factors, optimistic about Galaxy Entertainment, Sands China, and MGM China