Citi Places Sands China on 30-Day Downside Catalyst Watch, Q4 EBITDA Growth May Lag
Deep News
Jan 09
Citi released a research report stating that while Macau's gaming industry EBITDA is expected to have increased by 14% year-on-year in the fourth quarter of last year, Sands China's (01928) EBITDA during the period is estimated to have grown by only 8%. This is primarily attributed to additional operational expenses incurred from the NBA China Games in October and the National Games in November of last year.
Citi believes that Sands China's potential EBITDA growth falling below the industry average may lead to a decline in its stock price in the short term. The firm maintains a "Buy" rating on the stock with a target price of HK$24.25, but has included it in a 30-day downside catalyst watchlist.
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.