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Haitong Int'l Keeps Rating at Outperform on SANDS CHINA LTD (01928.HK) as 1Q Results In Line
2026-04-24 11:16:33
SANDS CHINA LTD (01928.HK) announced its 1Q26 results, reporting net revenue of US$2.114 billion, up 23.7% YoY, Haitong International released a research report saying.

Adjusted property EBITDA reached US$633 million, up 18.3% YoY, corresponding to an adjusted property EBITDA margin of 29.9%. Overall, the Company's net revenue and adjusted property EBITDA for 1Q26 were in line with market consensus.

The broker forecasted the Company's 2026-2028 net revenue to be US$8.145 billion/ US$8.558 billion/ US$9.079 billion, and adjusted property EBITDA to be US$2.441 billion/ US$2.564 billion/ US$2.733 billion, with adjusted property EBITDA margins of 30%/ 30%/ 30.1%, respectively.

Therefore, Haitong International kept rating at Outperform on SANDS CHINA LTD, with a target price of $21.6.
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