Macquarie: Sands China (01928.HK) first quarter results fell short of expectations, lowering target price to 20.9 Hong Kong dollars.

According to the app of Wisdom Finance, Macquarie released a research report stating that it has lowered its net profit forecasts for Sands China (01928.HK) for the fiscal years 2025 to 2027 by 8.2%, 4.7%, and 4.6% respectively, mainly due to the decrease in casino revenue and adjusted EBITDA profit margin forecasts. The bank has lowered its target price for Sands China from 22.2 Hong Kong dollars to 20.9 Hong Kong dollars and given it an "outperform" rating.