Group 1 - The gaming stocks continued to rise, with New World Development (00200.HK) increasing by 5.93% to HKD 4.82 [1] - Sands China (01928.HK) saw a rise of 3.54%, reaching HKD 18.73 [1] - Galaxy Entertainment (00027.HK) increased by 2.58%, trading at HKD 43.76 [1] - MGM China (02282.HK) rose by 2.13%, with a price of HKD 13.42 [1]

Group 1 - The core viewpoint of the article highlights the positive performance of gaming stocks in Macau, driven by strong growth in gaming revenue and high hotel occupancy rates during the upcoming Chinese New Year holiday [1] Group 2 - According to the Macau Gaming Inspection and Coordination Bureau, the gross gaming revenue for January reached 22.633 billion MOP, representing a year-on-year increase of 24.0% [1] - Hotel operators in Macau report that hotel booking rates and travel agency orders are rising, with expectations that hotel occupancy during the Chinese New Year will exceed 90% [1] - Morgan Stanley's report indicates that the average daily gaming revenue during the first five days of last year's Golden Week was approximately 1.1 billion MOP, and anticipates that this year's Lunar New Year gaming revenue will be comparable or even stronger due to high occupancy rates and a 25% increase in average daily room rates (ADR) [1] - The firm expects a 13% year-on-year growth in total gaming revenue for February, supported by sustained demand post-holiday, and projects a 16% year-on-year increase in industry EBITDA for the first quarter of this year, leading to upward revisions in earnings forecasts [1]

Group 1 - Hong Kong gaming stocks experienced a collective surge, with New Macau International Development rising over 6% [1] - Sands China increased by 4%, while Galaxy Entertainment and Wynn Macau both saw a rise of 2.5% [1] - A notable increase was observed in the stocks of Australian Gaming Holdings and MGM China, which both surged by 25% [1]

Core Viewpoint - The Macau gaming stocks experienced a collective rise, with significant increases in share prices, driven by positive forecasts for the upcoming Lunar New Year holiday gaming revenue [1] Group 1: Stock Performance - Melco International Development saw a rise of over 6% [2] - Sands China increased by 4% [2] - Galaxy Entertainment and Wynn Macau both rose by 2.5% [2] - SJM Holdings and MGM China both experienced a 2% increase [2] Group 2: Market Insights - Morgan Stanley's research report indicated that the average daily gaming revenue in Macau during the first five days of last year's Golden Week was approximately 1.1 billion MOP [1] - The hotel occupancy rate during this year's Lunar New Year is expected to be similar to last year, with average daily room rates (ADR) up by about 25% [1] - The forecast for gaming revenue during this year's Lunar New Year holiday is expected to match or exceed last year's Golden Week figures [1] - The firm anticipates a 13% year-on-year growth in total gaming revenue for February [1] - EBITDA for the industry is projected to grow by 16% year-on-year in the first quarter of this year, leading to upward revisions in profit forecasts [1] Group 3: Hotel Industry Outlook - Macau hotel operators report a continuous increase in hotel booking rates and travel agency orders for the Spring Festival period [1] - Hotel occupancy rates during the Spring Festival are expected to exceed 90%, indicating a peak in Macau's tourism market [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及票據證券代號：5142、5733、 40247、40585、40852、40853、40854、5413、5414、5415） 內幕消息 本公司控股股東 LAS VEGAS SANDS CORP. 截至二零二五年十二月三十一日止 全年業績 1 0 - K表年度報告 LVS根據適用於公開買賣的紐約證交所上市公司的持續披露責任向美國證券交易委員 會（「美國證交會」）分別存檔季度報告及年度報告，包括季度及年度財務資料及8-K表、 10-Q表及10-K表項下各自的若干營運統計數字。該等存檔包括有關LVS的澳門業務（該等 澳門業務由本公司擁有）的分部財務資料，而該等存檔可於公開領域查閱。 1 LVS於二零二六年二月七日（香港時間上午六時正）或前後向美國證交會存檔其截至二 零二五年十二月三十一日止全年10-K ...

Economic Data - The People's Bank of China will release January CPI and PPI on February 11 [1] - The National Bureau of Statistics will publish the monthly report on January commodity residential sales price index on February 13 [1] - Financial data including January social financing and new RMB loans will also be released next week [1] - In the US, December retail sales month-on-month will be announced on February 10, followed by January unemployment rate and non-farm employment data on February 11 [1] Earnings Reports - The US earnings season continues with several notable companies reporting next week, including BP, Barclays, Marriott, Coca-Cola, and AstraZeneca on February 10 [2] - Other companies such as NetEase, Youdao, and Total will report on February 11, while TripAdvisor and Hyatt will report on February 12 [2] - In Hong Kong, SMIC will report earnings on February 10, followed by Budweiser APAC and NetEase Cloud Music on February 11 [2] New Stock Issuance - One new stock, Tongbao Optoelectronics, will be available for subscription on February 9, with Ai De Technology listing on the Beijing Stock Exchange on February 10 [2] - Several new stocks will list in Hong Kong, including Lanke Technology on February 9 and Aixin Yuanzhi on February 10 [2] Stock Unlocking - A total of 33 restricted stocks will be unlocked next week, with a total market value exceeding 36 billion yuan, led by Hunan YN with 24.096 billion yuan [3][10] Central Bank Operations - The central bank will have 4.055 billion yuan of reverse repos maturing next week, with specific amounts maturing each day [3][10] Government Bonds - The Ministry of Finance will issue the first phase of RMB government bonds in Hong Kong on February 11, with a scale of 14 billion yuan [13]

Core Viewpoint - Morgan Stanley expects Sands China (01928) to double its dividend to HKD 1 this year, maintaining an "Overweight" rating despite a weaker-than-expected Q4 performance [1] Financial Performance - Sands China's Q4 performance was below expectations, with gross profit declining due to business mix, underwhelming mid-game revenue, and rising operating costs [1] - The firm has adjusted its EBITDA forecast downwards by approximately 3% ahead of the group's earnings release [1] Stock Performance - Despite Sands China's stock price dropping by 10% over the past month, underperforming the Hang Seng Index's 2% increase and peers' stable performance, this reaction is considered excessive [1] Market Outlook - The firm anticipates an increase in Sands China's market share this year and expects the annual dividend to double to HKD 1 per share, translating to a dividend yield of 5.4% at current prices [1] - With gradual dividend growth, the annual dividend is projected to exceed HKD 1.5 per share by 2028 [1]

Core Viewpoint - Morgan Stanley's report indicates that Sands China (01928) underperformed expectations in the last quarter of the previous year, with a decline in gross profit attributed to business mix, underwhelming mid-game revenue, and rising operational costs [1] Group 1: Financial Performance - The report notes a downward adjustment of approximately 3% in future EBITDA forecasts for Sands China prior to the group's earnings release [1] - Sands China's stock price has dropped by 10% over the past month, underperforming the Hang Seng Index, which rose by 2%, and peer stock prices that remained relatively stable [1] Group 2: Market Outlook - Despite the recent stock price decline, the report suggests that the market reaction is excessive, primarily due to weak performance in the fourth quarter, influenced by seasonal factors such as the NBA preseason and non-recurring factors like poor mid-game performance and the National Games [1] - The expectation is that Sands China's market share will grow this year, with an anticipated increase in annual dividends to HKD 1 per share, resulting in a dividend yield of 5.4% at the current price [1] - The company is projected to increase its annual dividend to over HKD 1.5 per share by 2028, reflecting a gradual growth in dividends [1]

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: 2026年1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: 2026年2月4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 | | 160,000,000 | 本月底法定/註冊股本總額： USD 1 ...

董事會召開日期 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） 於本公告日期，本公司董事為： 執行董事： 王英偉 鄭君諾 非執行董事： 羅伯特‧戈德斯坦(Robert Glen Goldstein) Patrick Sydney Dumont Charles Daniel Forman 獨立非執行董事： 張昀 Victor Patrick Hoog Antink Steven Zygmunt Strasser 鍾嘉年 鍾潔儀 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」）茲通告謹訂於二零二六年二月十三日 （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 年十二月三十一日止年度的全年業績公告，以及考慮派付末期股息之建議（如有）。 承董事會命 金沙中國有限公司 ...