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<Research>Macquarie Downgrades SANDS CHINA LTD to Neutral, Cuts TP to HKD16.7
Recommend 16 Positive 24 Negative 15 |
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Macquarie has issued a research report downgrading SANDS CHINA LTD (01928.HK) from Outperform to Neutral and lowering its valuation basis from 12x forecast enterprise value multiple for this year to 10x. Correspondingly, the target price was cut by 21% to HKD16.7. The broker explained that SANDS CHINA LTD's valuation will be in line with its peers (Wynn Macau and MGM China) after removing the valuation premium, reflecting an expected slowdown in growth to mid-single digits. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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