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    1928   KYG7800X1079

SANDS CHINA LTD

(1928)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-09-27 am EDT
21.05 HKD   +3.19%
09/26Hong Kong Hang Seng Down 0.4% on Global Economic Outlook
MT
09/26China, Hong Kong stocks fall for 4th session amid global rate hikes
RE
09/26China blue chips, Hong Kong stocks rise on Macau optimism
RE
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Sands China First-Half Loss Widened as Covid-19 Hit Operations

08/12/2022 | 06:43am EDT

By Clarence Leong


Sands China Ltd.'s first-half loss roughly doubled from a year earlier, as revenue slumped amid Covid-19 restrictions that greatly curtailed tourist arrivals in Macau.

The company posted net loss of $760 million for the first six months, compared with net loss of $381 million in the year-earlier period, it said in a filing on Friday.

Net revenues for the period was $915 million, down 44% from the first half last year.

Sands China said its operations have been hurt significantly by reduced visitation to Macau. It added that "there is uncertainty whether the impact of the Covid-19 pandemic on operations will continue in future periods."

The casino operator said it has sufficient liquidity in place, in addition to a $1.0 billion term loan advanced from parent Las Vegas Sands Corp. in July.

"We believe we are able to support continuing operations, complete the major construction projects that are underway, proceed with the Macao concession renewal process and respond to the current Covid-19 pandemic challenges for at least twelve months from the end of the reporting period," Sands China said.


Write to Clarence Leong at clarence.leong@wsj.com


(END) Dow Jones Newswires

08-12-22 0642ET

Stocks mentioned in the article
ChangeLast1st jan.
LAS VEGAS SANDS CORP. 0.15% 39.72 Delayed Quote.5.37%
SANDS CHINA LTD 3.19% 21.05 Delayed Quote.12.33%
All news about SANDS CHINA LTD
09/26Hong Kong Hang Seng Down 0.4% on Global Economic Outlook
MT
09/26China, Hong Kong stocks fall for 4th session amid global rate hikes
RE
09/26China blue chips, Hong Kong stocks rise on Macau optimism
RE
09/25Macau Casino Shares Jump on Hopes of Sooner Return to Normal
DJ
09/25Macau casino operators soar as China allows tour groups after nearly 3 years
RE
09/25Sjm holdings ltd and sands china ltd jump more than 12% each…
RE
09/25Macau casino shares soar after China allows tour groups after more than 2.5 years
RE
09/16Hong Kong Hang Seng Down 0.9%, Property and Tech Issues Renew Declines
MT
09/16Gambling giant Macau opens bids from seven casinos, Genting a wildcard
RE
09/15Gambling giant Macau opens bids from seven casinos, with one firm to lose
RE
More news
Financials (USD)
Sales 2022 2 471 M - -
Net income 2022 -1 171 M - -
Net Debt 2022 8 219 M - -
P/E ratio 2022 -17,6x
Yield 2022 -
Capitalization 21 702 M 21 702 M -
EV / Sales 2022 12,1x
EV / Sales 2023 4,90x
Nbr of Employees 25 110
Free-Float 30,0%
Chart SANDS CHINA LTD
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Technical analysis trends SANDS CHINA LTD
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 2,68 $
Average target price 2,98 $
Spread / Average Target 11,0%
EPS Revisions
Managers and Directors
Robert Glen Goldstein Non-Executive Director
Ying Wai Wong President & Executive Director
Min Qi Sun Chief Financial Officer & Senior Vice President
Kwan Lock Chum Chief Operating Officer & Executive Director
Victor Patrick Hoog Antink Independent Non-Executive Director
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