Sands China Ltd Stock Price Sees Moderate Increase
Sands China Ltd, a leading integrated resort development company in Macau, has experienced a moderate increase in its stock price recently. This development is closely tied to the growth of Macau’s gaming revenue, which rose by 1.7% year-over-year in April.
Macau Gaming Revenue Growth
According to recent data, Macau’s gaming revenue growth has been a key driver of Sands China Ltd’s stock price increase. However, Morgan Stanley has expressed concerns that the growth rate may not be sustainable, predicting a flat year-over-year growth rate for May.
Morgan Stanley’s Earnings Forecast Revision
Morgan Stanley has also cited a 15% year-over-year drop in adjusted EBITDA for Sands China Ltd in the first quarter as a reason for downward revisions to earnings forecasts for casino stocks. This development may have a negative impact on the company’s stock price in the long term.
Stock Price Movement
Despite Morgan Stanley’s concerns and downward revisions to earnings forecasts, Sands China Ltd’s stock price has shown a slight increase. Some analysts have also upgraded the company’s stock, indicating a potential for further growth.
Key Statistics
- Macau’s gaming revenue growth: 1.7% year-over-year in April
- Morgan Stanley’s predicted year-over-year growth rate for May: flat
- Sands China Ltd’s adjusted EBITDA drop in the first quarter: 15% year-over-year