Core Viewpoint - Sands China (01928) has shown a strong performance with a stock increase of 3.07%, reaching HKD 19.82, and a trading volume of HKD 138 million, following the release of its parent company Las Vegas Sands Corp.'s Q3 earnings report, which indicates a positive trend in revenue and EBITDA growth [1][1][1] Financial Performance - For the third quarter ending September, Sands China's net revenue increased by 7.5% year-on-year to USD 1.9 billion, while net income rose by 1.5% to USD 272 million [1][1][1] - Adjusted property EBITDA grew by 2.7% to USD 601 million, marking the first time since Q1 2024 that it surpassed the USD 600 million threshold [1][1][1] Market Position and Strategy - Citi has noted that Sands China has initiated the 2025 Q3 earnings season with robust performance, achieving a property EBITDA of USD 601 million, which reflects a year-on-year increase of 3% and a quarter-on-quarter increase of 6% [1][1][1] - The company's new customer rebate strategy has begun to show positive results, with an estimated market share increase of 1 percentage point to 23.4% compared to the previous quarter [1][1][1] Future Outlook - Citi maintains that Sands China remains one of its preferred stocks, anticipating continued EBITDA recovery in Q4 of this year and into the next year [1][1][1]
金沙中国再涨超3% 花旗料其EBITDA复苏将在今年第四季及明年持续