Jefferies keeps HKD 19.00 target for Sands China stock, 65.36 percent above price

Published on 10/17/2026 at 22:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 11.10 percent to USD 3.88 billion in first-half 2026. Sands China stock costs HKD 11.49 on October 16, 2026, up 1.68 percent on HKEX.

Analyst target and operating results

Jefferies maintained a HKD 19.00 target for Sands China on October 14, 2026.
Revenue increased 11.10 percent to USD 3.88 billion in the first half of 2026.
Sands China stock costs HKD 11.49 at 4:08 p.m. HKT on October 16, 2026, up 1.68 percent on HKEX.
Sands China had a 13.53 price-to-earnings ratio and HKD 93.0 billion market capitalization on October 16, 2026.

Sands China, KYG7800X1079, Illustration mit AI erstellt.

Jefferies maintained a Buy rating and a HKD 19.00 price target for Sands China on October 14, 2026, according to Markets Insider. Against the HKD 11.49 last price on October 16, 2026, the target stands 65.36 percent higher. Sands China last traded at HKD 11.49 on the HKEX at 4:08 p.m. HKT on October 16, 2026, up 1.68 percent from the HKD 11.30 prior close.

Revenue grew while profit fell

Sands China reported USD 3.88 billion in net revenue for the first half of 2026, up 11.10 percent from USD 3.49 billion in the first half of 2025. The company reported USD 398.00 million in profit for the period, down 3.60 percent from USD 413.00 million a year earlier, according to its interim-results announcement dated August 14, 2026, published by Sands China.

The operating mix explains the contrast. Casino revenue reached USD 2.93 billion in the first half of 2026, an increase of 12.00 percent, while adjusted property EBITDA fell 3.40 percent to USD 1.07 billion. Higher patron incentives, payroll costs and casino expenses absorbed part of the revenue gain.

Stock position after the HKEX session

The October 16, 2026 price was HKD 0.19 above the prior close, matching a 1.68 percent daily increase. Sands China also traded below its 52-week high of HKD 22.00 and above its 52-week low of HKD 10.89, placing the latest price 47.77 percent below the high and 5.51 percent above the low. Volume reached 16,745,679 shares against an average of 18,268,879.

Valuation uses a 13.53 ratio

Sands China had a market capitalization of HKD 93.0 billion and a price-to-earnings ratio of 13.53 on October 16, 2026. Its trailing dividend yield was 0.09 percent. The company operates integrated resorts, casinos, hotels, malls and convention facilities in Macao, with more than 12,000 hotel rooms and over 750 shops described on its investor-relations page.

For investors, the key contrast is between the 11.10 percent revenue increase and the 3.40 percent decline in adjusted property EBITDA. The Jefferies target gives the stock a dated analyst benchmark, while the interim results point to the cost pressure that will shape the next earnings discussion.

Comparison with peers

All market figures below are as of October 16, 2026.

Sands China: plus 1.68 percent, P/E 13.53, market capitalization HKD 93.0 billion

MGM China (HKEX, HKD): plus 2.34 percent, P/E 8.21, market capitalization HKD 37.4 billion

Galaxy Entertainment Group (HKEX, HKD): plus 0.78 percent, P/E 13.75, market capitalization HKD 146.9 billion

Last price and investor reference points

Sands China last traded at HKD 11.49 on the HKEX on October 16, 2026 at 4:08 p.m. HKT, up 1.68 percent from the HKD 11.30 prior close. The HKD 19.00 Jefferies target and the gap between revenue growth and adjusted property EBITDA provide the main dated reference points for the stock.