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Sands China
(1928)
Sands China (1928) vs. iShares MSCI Hong Kong ETF (EWH)
Sands China Business Overview & Revenue Model
Sands China Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.08B | 6.53B | 1.60B | 2.87B | 1.69B |
| Gross Profit | 4.18B | 5.24B | 487.00M | 1.73B | 549.00M |
| EBITDA | 2.15B | 2.02B | -427.00M | 25.00M | -557.00M |
| Net Income | 1.04B | 692.00M | -1.58B | -1.05B | -1.52B |
Balance Sheet | |||||
| Total Assets | 11.17B | 10.26B | 10.56B | 10.09B | 10.55B |
| Cash, Cash Equivalents and Short-Term Investments | 1.97B | 1.36B | 790.00M | 678.00M | 861.00M |
| Total Debt | 8.16B | 8.33B | 10.20B | 7.95B | 7.04B |
| Total Liabilities | 10.14B | 10.26B | 11.26B | 9.21B | 8.62B |
| Stockholders Equity | 1.03B | -4.00M | -700.00M | 888.00M | 1.93B |
Cash Flow | |||||
| Free Cash Flow | 1.21B | 2.09B | -676.00M | -476.00M | -1.83B |
| Operating Cash Flow | 2.07B | 2.29B | -473.00M | 88.00M | -816.00M |
| Investing Cash Flow | -810.00M | -180.00M | -325.00M | -634.00M | -1.02B |
| Financing Cash Flow | -658.00M | -2.45B | 1.82B | 366.00M | 231.00M |
Sands China Technical Analysis
Sands China Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $173.78B | 18.08 | 12.59% | 3.02% | 4.94% | 15.38% | |
| ― | $54.10B | 12.31 | 452.88% | 6.08% | 5.59% | -4.38% | |
| ― | $34.59B | 17.92 | ― | 5.39% | -4.41% | -31.45% | |
| ― | $160.73B | 22.50 | 111.35% | 2.40% | -3.13% | -13.65% | |
| ― | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
| ― | HK$24.95B | 12.35 | 11.98% | 1.39% | 8.23% | 175.51% | |
| ― | $20.17B | 8,425.00 | -0.13% | ― | 12.29% | 98.20% |
Sands China Corporate Events
Sands China Ltd. announced the financial results of its controlling shareholder, Las Vegas Sands Corp. (LVS), for the fiscal third quarter ended September 30, 2025. LVS, which owns a majority stake in Sands China, filed its quarterly report with the SEC, highlighting financial information prepared under US GAAP, differing from the IFRS used by Sands China. The announcement underscores the importance of understanding these accounting differences for stakeholders and potential investors in Sands China.
The most recent analyst rating on (HK:1928) stock is a Hold with a HK$21.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd. reported an increase in total net revenues by 7.5% to US$1.90 billion for the third quarter of 2025, compared to the same period in 2024. The company’s net income rose slightly to US$272 million, and its adjusted property EBITDA increased to US$601 million. These results reflect the company’s strategic investments in Macao and Singapore, positioning it for future growth in the hospitality and gaming sectors.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$24.00 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd. announced the composition of its board of directors and the establishment of five committees, including the Audit, Remuneration, Nomination, Capex, and ESG Committees. This organizational structure aims to enhance governance and operational efficiency, potentially impacting the company’s strategic direction and stakeholder engagement.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$23.00 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd. has updated the terms of reference for its Environmental, Social, and Governance (ESG) Committee, which was initially established in 2021. The ESG Committee is tasked with overseeing the company’s ESG strategy, reporting, and policy implementation. This update reflects Sands China’s commitment to enhancing its governance of environmental and social matters, potentially impacting its operational transparency and stakeholder trust.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$25.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd. has announced the appointment of Ms. Chung Kit Yi Kitty as an Independent Non-Executive Director and a member of the Audit Committee, effective October 16, 2025. Ms. Chung brings extensive experience in auditing, accounting, and financial management, having previously served as a partner at PricewaterhouseCoopers. Her appointment is expected to enhance the company’s governance and oversight capabilities, potentially strengthening its market position and stakeholder confidence.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$25.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd., a prominent player in the integrated resort industry, operates several luxury properties in Macao, offering a mix of gaming, hotel, and retail experiences. The company recently released its interim financial results for the first half of 2025, highlighting a challenging period with declines in key financial metrics. The company’s adjusted property EBITDA fell by 5.9% to $1.10 billion, and total net revenues decreased by 1.7% to $3.49 billion compared to the same period in 2024. Profit for the period also saw a significant drop of 23.7%, amounting to $413 million.
Sands China Ltd. reported a decline in its financial performance for the first half of 2025, with adjusted property EBITDA decreasing by 5.9% and total net revenues dropping by 1.7% compared to the same period in 2024. Despite these financial challenges, the company completed significant development projects, including the conversion of the Sheraton Grand Macao into the Londoner Grand, enhancing its offerings in Macao. This development aligns with the increased visitation and gaming revenue in Macao, potentially positioning Sands China to capitalize on the growing market.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd. announced an interim dividend of HKD 0.25 per share for the six months ending June 30, 2025. This decision reflects the company’s financial performance and commitment to returning value to shareholders. The dividend will be paid on September 12, 2025, with a record date of September 1, 2025. This announcement may positively impact the company’s market perception and investor relations.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd. has announced the composition of its board of directors and the establishment of five key committees, including Audit, Remuneration, Nomination, Capital Expenditure, and Environmental, Social and Governance committees. This announcement reflects the company’s commitment to enhancing its governance structure, which may influence its strategic direction and stakeholder engagement.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd. has appointed Mr. Patrick Sydney Dumont as a Non-Executive Director, effective August 8, 2025. Mr. Dumont, who holds significant roles in Las Vegas Sands Corp., brings extensive experience in corporate strategy and finance. This appointment is expected to strengthen the company’s leadership and align its strategic direction with its controlling shareholder, Las Vegas Sands Corp., which holds a substantial voting interest in Sands China.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd. announced that its board of directors will meet on August 15, 2025, to review and approve the company’s interim financial results for the first half of the year and consider the possibility of paying an interim dividend. This announcement is significant as it could impact the company’s financial strategy and shareholder returns, reflecting its operational performance and market positioning.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
Sands China Ltd. announced the financial results of its controlling shareholder, Las Vegas Sands Corp. (LVS), for the fiscal second quarter ended June 30, 2025. LVS, which owns a majority stake in Sands China, filed its quarterly report with the SEC, highlighting its Macao operations. The financial results, prepared under US GAAP, differ from Sands China’s reporting standards under IFRS. Investors are advised to consider these differences when evaluating the company’s performance. The announcement underscores the ongoing regulatory and economic challenges faced by Sands China in Macao, including potential impacts from changes in gaming laws and economic conditions.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.