瑞银维持金沙中国“中性”评级 目标价21.6港元
SANDS CHINA LTDSANDS CHINA LTD(HK:01928) Zheng Quan Shi Bao Wang·2025-10-29 06:34

Core Insights - UBS report indicates that Sands China’s adjusted property EBITDA for Q3 is $601 million, representing a year-on-year increase of approximately 3% and a quarter-on-quarter increase of about 6% [1] - Excluding the impact of VIP room commissions, EBITDA stands at $599 million, aligning with UBS and market forecasts [1] - Sands China management anticipates that the momentum for market share growth will continue into Q4, driven by the reinvestment plan's product mix and the restructuring of the market distribution team [1] - UBS maintains a "Neutral" rating on Sands China with a target price of HKD 21.6 [1]