Morgan Stanley: Raises target price for Sands China (01928) to HK$23, revises upwards earnings forecast, maintains "overweight" rating.

Morgan Stanley released a research report stating that it is expected that Sands China (01928) will see a 9% increase in free cash flow to equity (FCFE) next year. The target price for the stock has been raised by 10%, from HK$21 to HK$23, and the "Buy" rating has been maintained. Morgan Stanley has raised its EBITDA forecasts for Sands China for the years 2025 to 2027 by 1%, 6%, and 8%, leading to a 1%, 12%, and 14% increase in earnings per share forecast for the period.