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SANDS CHINA LTD Leaps 3%; CLSA: 3Q Adj. EBITDA Beats
Recommend 7 Positive 18 Negative 3 |
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CLSA said SANDS CHINA LTD (01928.HK)'s 3Q adjusted property EBITDA grew 4% QoQ to US$587 million, topping market expectations by 4%. The adjusted EBITDA margin was 8% more than the market forecast and 23% more than the broker's expectations. The rating was Outperform with the target price of $25.8. SANDS CHINA LTD opened 0.86% higher today, peaking at $19.4 and hitting resistance at the 250MA. It last stood at $19.24, up 3.11%, with 12.9351 million shares traded, involving $247 million. AAStocks Financial News |
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