Core Points - The China Securities Index Hong Kong 300 Leisure Index (H300 Leisure) reported a rise of 6.81% over the past month, 15.53% over the past three months, and 19.31% year-to-date [1] - The index is designed to reflect the overall performance of listed companies in various themes such as banking, transportation, resources, infrastructure, logistics, and leisure, selected from the China Securities Index Hong Kong 300 [1] - The index's base date is December 31, 2004, with a base point of 1000.0 [1] Index Holdings - The top ten weighted companies in the H300 Leisure Index are: Kuaishou-W (11.88%), Tencent Holdings (10.11%), NetEase-S (9.55%), Baidu Group-SW (9.36%), Trip.com Group-S (9.35%), Yum China (9.01%), Meituan-W (7.76%), Galaxy Entertainment (5.73%), Bilibili-W (3.46%), and Sands China Ltd. (3.11%) [1] - The index's holdings are entirely composed of companies listed on the Hong Kong Stock Exchange, with a 100% allocation [1] Industry Composition - The industry composition of the H300 Leisure Index includes: Leisure Services (41.56%), Digital Media (39.23%), Cultural Entertainment (11.80%), Alcohol (6.30%), and Marketing & Advertising (1.11%) [2] - The index samples are adjusted semi-annually, with adjustments implemented on the next trading day following the second Friday of June and December each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

Core Viewpoint - Sands China Ltd. (01928.HK) has scheduled a board meeting on August 15, 2025, to review and approve the interim results announcement for the six months ending June 30, 2025, and to consider the payment of an interim dividend, if any [1] Group 1 - The board meeting is set for August 15, 2025 [1] - The meeting will include the review and approval of the interim results for the six months ending June 30, 2025 [1] - The company will consider the payment of an interim dividend during the meeting [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 SANDS CHINA LTD. 金沙中國有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1928） 非執行董事： 羅伯特‧戈德斯坦(Robert Glen Goldstein) Charles Daniel Forman 於本公告日期，本公司董事為： 執行董事： 王英偉 鄭君諾 獨立非執行董事： 張昀 Victor Patrick Hoog Antink Steven Zygmunt Strasser 鍾嘉年 如本公告的中英文版本有任何歧義，概以英文版本為準。 金沙中國有限公司（「本公司」）董事會（「董事會」）茲通告謹訂於二零二五年八月十五日 （星期五）舉行本公司董事會會議，以（其中包括）審閱及批准刊發本公司截至二零二五 年六月三十日止的六個月中期業績公告，以及考慮派付中期股息（如有）。 承董事會命 金沙中國有限公司 韋狄龍 公司秘書 澳門，二零二五年八月五日 董事會召開日期 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 金沙中國有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01928 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 16,000,000,000 | USD | | 0.01 | USD | | 160,000,000 | | 增加 / 減少 (-) | | | | 0 | | | USD | | | | 本月底結存 | | | 16,000,000,000 | USD | | 0.01 | USD | ...

Core Viewpoint - Morgan Stanley reports that Macau's gaming revenue has exceeded expectations for two consecutive months, with a year-on-year growth of 19%, prompting an upward revision of the annual growth forecast for gaming revenue from 5% to 10% and EBITDA growth from 2% to 6% [1] Group 1: Industry Performance - The significant positive operating leverage, reduced competition, and improved profit estimates are highlighted as key factors contributing to the industry's strong performance [1] - Despite the recent strong performance, the industry is still considered undervalued if growth can be sustained [1] Group 2: Future Projections - Macau's gaming revenue forecasts for 2025, 2026, and 2027 are projected at MOP 248.963 billion, MOP 263.9 billion, and MOP 279.7 billion, representing year-on-year increases of 9.8%, 6%, and 6% respectively [1] Group 3: Company Target Price Adjustments - Morgan Stanley has raised the target prices for all six companies under coverage, maintaining a positive outlook on Melco Resorts, MGM China, and Sands China, all rated as "Overweight" [1] - Specific target price adjustments include MGM China from HKD 14.5 to HKD 18, Sands China from HKD 17.5 to HKD 21, and Silver Heritage from HKD 35 to HKD 40, maintaining a "Market Perform" rating [1]

Group 1 - The core viewpoint of the article highlights the significant increase in Macau's gaming revenue, with July's gross gaming revenue (GGR) reaching 22.125 billion MOP, representing a year-on-year growth of 19% [1] - The average daily GGR for July was approximately 714 million MOP, recovering to 90% of the levels seen in the same period of 2019, exceeding both Citigroup's and market expectations of 21 billion MOP by 5% [1] - This marks the fourth consecutive month that Macau's gaming revenue has surpassed expectations, with the industry showing strong resilience as revenue has achieved nearly 20% year-on-year growth for two consecutive months [1] Group 2 - Looking ahead to August, Citigroup has raised its forecast for Macau's gaming revenue from 20 billion MOP to 21.5 billion MOP, reflecting a year-on-year growth of 9% and an average daily revenue of 694 million MOP [1] - This adjustment takes into account the potential lower per capita spending by tourists during the traditional peak travel season, as well as the high base from the same period last year [1] - The article also notes the positive impact of concerts, such as Eason Chan's performance at the Galaxy Arena, which is expected to contribute to the gaming revenue similar to the effect of Jacky Cheung's concert in June and July [1]

Core Points - The China Securities Hong Kong 300 Leisure Index (H300 Leisure) reported a rise of 4.76% in the past month, 12.93% in the past three months, and 15.70% year-to-date [1] - The index is designed to reflect the overall performance of listed companies in various themes such as banking, transportation, resources, infrastructure, logistics, and leisure, selected from the China Securities Hong Kong 300 Index [1] - The index's base date is December 31, 2004, with a base point of 1000.0 [1] Index Holdings - The top ten weighted stocks in the H300 Leisure Index are: Kuaishou-W (11.55%), Tencent Holdings (9.97%), Baidu Group-SW (9.6%), Trip.com Group-S (9.56%), NetEase-S (9.49%), Yum China (9.21%), Meituan-W (7.95%), Galaxy Entertainment (5.58%), Bilibili-W (3.42%), and Sands China Ltd. (3.07%) [1] - The index's holdings are entirely composed of stocks listed on the Hong Kong Stock Exchange, with a 100% allocation [1] Sector Composition - The sector composition of the H300 Leisure Index includes: Leisure Services (42.01%), Digital Media (38.96%), Cultural Entertainment (11.40%), Alcohol (6.49%), and Marketing & Advertising (1.14%) [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

Core Insights - Macau's July gaming revenue reached MOP 22.1 billion, representing a year-on-year increase of 19% and a month-on-month increase of 5%, marking a post-pandemic high and exceeding market expectations by 5% [1] - The revenue has recovered to 90% of the levels seen in 2019, indicating a strong rebound in the gaming sector [1] - The firm has revised its full-year gaming revenue forecast for Macau upwards by 4% to MOP 242 billion, which implies a year-on-year growth of 7% and a recovery to 83% of 2019 levels [1] Company Ratings - The firm maintains an "Overweight" rating on the Macau gaming industry, continuing to favor Galaxy Entertainment (00027) with a target price of HKD 43 and a "Buy" rating [1] - Sands China (01928) is also given a "Buy" rating with a target price of HKD 22 [1]

智通财经APP获悉，大华继显发布研报称，澳门7月博彩收入为221亿澳门元，同比升19%，环比增5%， 创下疫情后的新高，并超出市场预期5%，恢复至2019年水平的90%。该行考虑到澳门博彩收入持续回 升，将澳门今年全年博彩收入预测上调4%至2420亿澳门元，意味着同比增长7%，并恢复至2019年水平 的83%。该行维持对澳门博彩行业的增持评级，继续首选银河娱乐(00027) ，维持目标价43港元及"买 入"评级。另外，该行予金沙中国(01928) "买入"评级，目标价22港元。 ...

Group 1 - The core viewpoint of the report indicates that Macau's gaming revenue for July reached 22.1 billion MOP, representing a year-on-year increase of 19% and a month-on-month increase of 5%, marking a post-pandemic high and exceeding market expectations by 5% [1] - The company has raised its full-year gaming revenue forecast for Macau by 4% to 242 billion MOP, which implies a year-on-year growth of 7% and a recovery to 83% of the 2019 levels [1] - The company maintains an "overweight" rating on the Macau gaming industry, continuing to favor Galaxy Entertainment with a target price of 43 HKD and a "buy" rating [1] Group 2 - The company also assigns a "buy" rating to Sands China with a target price of 22 HKD [1]