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<Research>Citi Initiates Downside 30-Day Catalyst Watch on SANDS CHINA LTD; 4Q25 EBITDA Growth May Underperform
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While the Macau gaming industry's EBITDA is expected to grow by 14% YoY in 4Q25, SANDS CHINA LTD (01928.HK) is anticipated to chart only an 8% rise in EBITDA during the period, Citi said in a research report. This was due to the incremental OPEX arisen from the NBA China Games in last October and the 15th National Games in last November. Citi believed that Sands China's potential EBITDA growth being below the industry average may lead to a short-term decline in its stock price. The stock was rated Buy with a target price of HKD24.25 and was included in the Downside 30-Day Catalyst Watch. AASTOCKS Financial News Website: www.aastocks.com |
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