Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01928 SANDS CHINA LTD
RTNominal up22.050 +0.350 (+1.613%)
Research Report

23/04/2020 16:04

{I-bank focus}Sands China seen to remain loss-making - JEF

[ET Net News Agency, 23 April 2020] Jefferies Research said Sands China's (01928) 1Q
result is likely to be a non-event given management's positive comments noting an expected
recovery from summer and a strong rebound from "late fall" as visa and travel restrictions
could be partly relaxed from mid-May onwards.
In the near-term, the research house expects the company to remain loss-making (already
losses in February and March) with US$3.5 mn/day cost run-rate and Jefferies waits for
restrictions to ease.
Jefferies estimated the stages of recovery as follows: (1) Macau arrival quarantine
measures ease; (2) China relaxes IVS (individual visit scheme) and group tour
restrictions, which would be likely to occur by the province rather than by the country as
a whole; and (3) social distancing relaxed.
It maintained its "buy" rating on Sands, with a target price of HK$32. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.