{"id":777023104,"date":"2025-02-19T10:00:11","date_gmt":"2025-02-19T13:00:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023104"},"modified":"2026-04-22T01:40:14","modified_gmt":"2026-04-22T04:40:14","slug":"morgan-stanley-expects-sands-china-to-announce-first-dividend-since-2020","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/morgan-stanley-expects-sands-china-to-announce-first-dividend-since-2020","title":{"rendered":"Morgan Stanley expects Sands China to announce first dividend since 2020"},"content":{"rendered":"\n

It predicts that the dividend per share could grow back to pre-pandemic levels.<\/p>\n\n\n\n\n\n\n\n

Macau.- Morgan Stanley<\/strong> has said that Sands China <\/strong>could announce its first dividend since 2020 on Friday (February 21). It also predicts that the dividend per share could grow back to the pre-pandemic level of HK$2, resulting in a yield of over 12 per cent.<\/p>\n\n\n\n

The bank said the casino operator did not gain market share in the mass segment in the fourth quarter, despite the opening of the Londoner Casino and the Venetian Arena. However, analysts are optimistic as over 2,000 new rooms and suites in the Londoner Grand become available in the first half of 2025.<\/p>\n\n\n\n

The Londoner Grand Casino opened at the end of the third quarter after renovations to the gaming area at The Londoner Macao complex. Sands China plans to have all rooms ready by the May Golden Week holiday.<\/p>\n\n\n\n

In the fourth quarter of 2024, Sands China<\/a> posted net revenue<\/strong>\u00a0of US$1.77bn<\/strong>, <\/strong>down 5 per cent year-on-year and flat\u00a0in quarter-on-quarter terms<\/a>. Net income<\/strong>\u00a0was US$277m, down 3.9 per cent year-on-year. The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA)\u00a0<\/strong>was down 2.7 per cent compared to the fourth quarter of 2023 at US$571m. This was attributed to a low hold on rolling play.<\/p>\n\n\n\n

For the full year 2024,\u00a0the casino operator posted net revenue of US$7.08bn<\/strong>, up 8.4 per cent in year-on-year terms. Net income was US$1.05bn, compared to US$696bn in 2023. Adjusted property EBITDA was US$2.33bn.<\/p>\n\n\n

\n
<\/p>\n

See also:<\/span> Seaport Research Partners predicts rise in Macau casino EBITDA<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

It predicts that the dividend per share could grow back to pre-pandemic levels.<\/p>\n","protected":false},"author":176,"featured_media":26755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Morgan Stanley predicts Sands China could announce its first dividend since 2020, potentially reaching pre-pandemic levels of HK$2 per share, yielding over 12 per cent. This projection follows a mixed Q4 2024 performance with slight year-on-year declines in net revenue and adjusted property EBITDA, though full-year 2024 results showed robust growth. Analysts maintain optimism, citing the impending availability of over 2,000 new rooms at The Londoner Grand in H1 2025 as a key growth driver.","focusai_entities":"Sands China, Morgan Stanley, Seaport Research Partners","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Dividend Sustainability?","query":"What are the underlying operational improvements and market conditions that support Morgan Stanley's projection of sustained dividend growth for Sands China beyond the initial reinstatement?"},{"label":"Mass Segment Strategy?","query":"Given Sands China's reported lack of market share gain in the mass segment despite new facility openings, what strategic adjustments are anticipated to capture this crucial demographic in Macau?"}],"footnotes":""},"categories":[157,16338],"tags":[21680],"class_list":["post-777023104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777023104"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023104\/revisions"}],"predecessor-version":[{"id":777023118,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023104\/revisions\/777023118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26755"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}