Core Viewpoint - UBS reported that Sands China’s adjusted property EBITDA for Q3 was $601 million, representing a year-on-year increase of approximately 3% and a quarter-on-quarter increase of about 6% [1] Financial Performance - The EBITDA, excluding the impact of VIP room commissions, would reach $599 million, aligning with UBS and market expectations of $596 million [1] - The management of Sands China anticipates that the momentum for market share growth will continue into Q4, primarily benefiting from the product mix provided by the reinvestment plan [1] Strategic Initiatives - The positive performance is attributed to the restructuring of the market distribution team, which includes adjustments to personnel structure and staffing [1] Analyst Rating - UBS maintains a "Neutral" rating on Sands China with a target price of HKD 21.6 [1]
大行评级丨瑞银：金沙中国第三季业绩符合预期 评级“中性”