Sands China price target lowered to HK$25 from HK$27 at Seaport Research

Seaport Research analyst Vitaly Umansky lowered the firm’s price target on Sands China to HK$25 from HK$27 and keeps a Buy rating on the shares. The company reported Q2 results with “solid” performance in Singapore while Macau missed consensus, the analyst tells investors. The firm believes Q2 was likely the low point of the year as seasonality improves in the second half of 2024.