HK Stock Market Move | Sands China (01928) falls over 4% in morning session; Q3 adjusted property EBITDA down 12% year-on-year.
Sands China (01928) fell over 4% in the morning session. As of press time, it was down 4.57% at HK$10.85, with a turnover of HK$91.926 million.
Sands China (01928) fell over 4% in the morning session. As of press time, it was down 4.57% at HK$10.85, with a turnover of HK$91.926 million.
On the news front, Sands China announced that its total net revenues for the third quarter of 2026 were US$1.93 billion, up 1.4% year-on-year; net income was US$191 million, down 29.8% year-on-year; adjusted property EBITDA was US$529 million, down 12% from the same period last year. For the first three quarters ended September, Sands China's adjusted property EBITDA was US$1.59 billion, down 6.5% year-on-year.
LVS Chairman and Chief Executive Officer Patrick Dumont said the premium segment was relatively weak during the quarter, which had a negative impact on financial results; had the rolling chip gaming win rate met expectations, EBITDA would have been US$11 million lower at US$518 million.
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