Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Cuts SANDS CHINA LTD (01928.HK) TP to $23 as 4Q25 Property EBITDA Below Mkt Consensus
Recommend 2 Positive 7 Negative 5 |
||||
|
||||
|
SANDS CHINA LTD (01928.HK)'s 4Q25 results were broadly in line with Citi Research's expectation, Citi Research issued a research report saying. Net revenue grew by 16% YoY to US$2.058 billion (or up 8% QoQ), while property EBITDA increased by 6% YoY to US$608 million (or up 1% QoQ), roughly in line with the broker's original forecast of US$616 million, but 3% below the market consensus of US$628 million. Citi Research expected higher event expenses to recur for SANDS CHINA LTD over the next 4 years (2026-2029), but remained confident that SANDS CHINA LTD's EBITDA margin can reach the lower range of the low 30s. Therefore, the broker reiterated rating at Buy, but cut its target price from $24.25 to $23, based on a composite valuation approach. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
