Core Viewpoint - Citi has initiated a 30-day downward catalyst observation for Sands China (01928), anticipating that the company's EBITDA growth in Q4 will underperform the overall Macau gaming industry [1] Group 1: Industry Overview - The Macau gaming industry is expected to see a year-on-year EBITDA growth of 14% in the fourth quarter [1] Group 2: Company Analysis - Sands China's EBITDA growth is projected at only 8% for the same period, attributed to additional operational expenses from events like 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] - The stock is rated as "Buy" with a target price of HKD 24.25, and it has been included in the 30-day downward catalyst observation list [1]
花旗：对金沙中国(01928)展开30日下行催化观察 末季EBITDA增长或跑输