Sands China may gain as Macau gaming revenue looks set to recover
Citi keeps a buy rating and HK$17.00 target on Sands China, expecting Macau gross gaming revenue growth to recover after solid 3Q volumes.
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what happened
According to Market Talk, Citi analyst Timothy Chau says Sands China is well placed to benefit from a likely rebound in growth of Macau's gross gaming revenue.
The operator reported gaming volume growth across all segments in the third quarter and a 23% sequential rise in property EBITDA, which came in slightly below Citi's estimates. The company remains confident about Macau despite macro concerns, including worries about China's enforcement of offshore taxation. Sands China expects a strong fourth quarter, supported by events and a seasonally strong December, the analyst adds.
Citi maintains its buy rating and a target price of HK$17.00. At the time of the report, the shares were down 1.4% at HK$11.21.
why it matters
Macau casino stocks are sensitive to gaming revenue trends, so analyst views on major operators like Sands China tend to affect the whole group. Possible tighter Chinese tax enforcement remains a source of uncertainty for investors in the sector.
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sources
- Sands China Poised to Gain From Likely Macau Gaming Revenue Recovery — Market Talk, 22 October 2026 at 01:51 UTC
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