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<Research>Macquarie Downgrades SANDS CHINA LTD to Neutral, Cuts TP to HKD16.7
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 multipl...
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<Research>Macquarie Downgrades SANDS CHINA LTD to Neutral, Cuts TP to HKD16.7
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Macquarie has issued a research report downgrading SANDS CHINA LTD (01928.HK)  -0.070 (-0.460%)    Short selling $53.35M; Ratio 35.328%   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.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)

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