Group 1 - The core viewpoint of the article indicates that while the Macau gaming industry is expected to see a year-on-year EBITDA growth of 14% in the fourth quarter of last year, Sands China is projected to have a lower EBITDA growth of only 8% during the same period [1] - The lower growth forecast for Sands China is attributed to additional operational expenses incurred from the NBA China Games in October and the National Games in November [1] - Citi believes that Sands China's potential EBITDA growth is below the industry average, which may lead to a decline in the stock price in the short term [1] Group 2 - Despite the lower growth expectations, Citi maintains a "Buy" rating on Sands China, setting a target price of HKD 24.25 [1] - Sands China has been included in the 30-day downside catalyst watch list by Citi [1]
大行评级｜花旗：将金沙中国纳入30天下行催化剂观察名单 末季EBITDA增长或跑输行业