Sands China Ltd Target Price (end of 2013)

Posted: May 7, 2013 in Uncategorized

Assessment by Professional Ground

7 May 2013

We would place Sand China Ltd target price at HK$48 – 50 by end of 2013.

The trends are very clear for Sands to continue its expansion and profitability well into this year and 2014.
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Change of leadership for China has been well concluded. Bank credit will soon be gradually unleashed in favour of economic development.  Domestic spending will be pushed up this two years in China.

There will be more “loose” cash (estimated >Rmb 800b) flowing into Macau enclave that inevitably push up its gaming volume for both VIP as well as mass gaming market growth.

Taiwan or Singapore IR are not in competition with Macau casino arena.
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