JP Morgan tips Sands China for market share gains in 2026
Sands is expected to maintain an annual dividend payout of HKD1.0 per share in 2026.
Macau.- JP Morgan Securities has forecast that Sands China Ltd will increase its market share in Macau’s gaming industry in 2026. It says this could allow a return to dividend normalisation.
According to analysts DS Kim, Selina Li, and Lindsey Qian, Sands is likely to maintain an expected annual dividend payout of HKD1.0 (US$0.13) per share, representing a yield of more than 5.5 percent at current valuation levels. They noted that the casino operator’s weak fourth-quarter performance is not expected to affect dividends, reiterating their projection of HKD0.5 for the first half of calendar-year 2026 and HKD1.0 for the full year.
In a January 29 note, JP Morgan noted that Sands China’s fourth-quarter EBITDA margin was weak but attributed the softness to seasonal and one-off factors, including NBA preseason games and the 15th National Games hosted in Macau.
