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<Research>HTSC Elevates SANDS CHINA LTD (01928.HK) TP to $24.7 as Imminent Renovation Completion May Recover Loss
Recommend 16 Positive 24 Negative 0 |
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Huatai Securities issued a research report reiterating rating at Buy on SANDS CHINA LTD (01928.HK), and elevating its target price to $24.7 from $19.5, corresponding to a 2025 EV/EBITDA of 12x, which is equivalent to the average valuation level of the Las Vegas gaming sector and the high-end hotel industry in the US equity market. The main reason for the hike in its target price is the imminent completion of the renovation of SANDS CHINA LTD, whereby customers previously diverted due to the renovation will return successively, according to the broker. AAStocks Financial News |
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