01928 SANDS CHINA LTDWatchlist
About SANDS CHINA LTD Company
Sands China Limited (Hong Kong Stock Exchange: 1928) is a leading developer, owner and operator of multi-purpose integrated resorts and casinos in Macau, China. In terms of casino gaming revenue, Macau, China, is the largest gaming market in the world; it is also the only region in China that offers legal casino betting. The subsidiary of the Company, Venetian Macau Co., Ltd., holds one of the six gaming franchises or sub-licenses issued by the Macau Government of China, and can operate a casino or gaming area in Macau, China. The company owns The Venetian Macau, Sands Macao, Paragon Macau and Sands City Center. The company also owns Cotai, one of the largest convention and exhibition halls in Asia, Cotai Coliseum, the largest entertainment venue in Macau, China, the 1,800-seat luxury Venetian Theatre, and Cotai, one of the two major flying boat companies between Hong Kong and Macau. The company has many famous luxury and mid-range retail shopping malls, with retail stores of more than 600 famous brands. All of our resort properties offer more than 9,000 hotel rooms and more than 100 diverse restaurants. The company's business strategy is to develop Cotai and develop an integrated resort business model to create Asia's premier gaming, leisure and conference destination. According to the company's plan, Cotai will eventually build four interconnected integrated resorts, including many different types of branded hotels and resort facilities, to attract consumers of different market classes.
A quick look at the Hong Kong market | The Science Index fell 0.38%, the decline in domestic housing stocks widened at the end of the session, and Sunac China fell by more than 19%
Auto stocks declined one after another. Xiaopeng Motor fell nearly 6%, NIO fell more than 4%, and Ideal Auto fell nearly 3%; pharmaceutical stocks generally fell, Connoah fell more than 4%, and Pharmaceutical Biotech fell about 2%; gaming stocks bucked the market; MGM China rose more than 3%, and Galaxy Entertainment rose more than 2%.
Changes in Hong Kong stocks | MGM China (02282) rose more than 3%, leading the gaming stock Komo, which expects Macau's gross gaming revenue in December to be 17.5 billion to MOP 18 billion
Gaming stocks rose collectively. As of press release, MGM China (02282) rose 3% to HK$9.26; Galaxy Entertainment (00027) rose 2.07% to HK$41.9; and Wynn Macau (01128) rose 1.68% to HK$6.04.
Zhongtai Securities: Macau Gaming Companies' Performance Expectations Will Improve Significantly in '24, Focus on Sands China (01928)
According to a research report released by Zhongtai Securities, it is optimistic that gaming companies' performance will improve significantly in 2024. With the gradual improvement of the above factors, it is expected that the degree of recovery in inbound traffic to Macao will continue to pick up.