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    1928   KYG7800X1079

SANDS CHINA LTD

(1928)
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Delayed Quote. Delayed Hong Kong Stock Exchange - 05/20 04:08:13 am
15.3 HKD   +1.46%
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China stocks rise on GDP data, policy loan rate cut

01/17/2022 | 12:13am EDT

SHANGHAI, Jan 17 (Reuters) - China stocks rose on Monday after the country's economy grew faster than expected in the final quarter of 2021 but the growth was still at its weakest pace in one-and-half years, prompting the central bank to unexpectedly cut loan rates.

The CSI300 index rose 0.9% to 4,767.59 points at the end of the morning session, while the Shanghai Composite Index gained 0.6%, to 3,542.03 points.

The Hang Seng index dropped 0.6%, to 24,240.11 points. The Hong Kong China Enterprises Index lost 1.0%, to 8,470.22.

** China's gross domestic product (GDP) expanded 4.0% in the October-December period from a year earlier, and the economy grew 8.1% in 2021, faster than a forecast 8.0%.

** "We expect front-loaded policy support to prevent growth from falling significantly below 5% in 2022. This includes the MLF rate cut today. More generally, we expect strong infrastructure spending, robust credit growth, and support for the real estate sector this year." said Louis Kuijs, Head of Asia Economics at Oxford Economics.

** Real estate developers gained 1.7%, after China expected the operation of its property market to keep pace with steady growth of investment in the sector this year.

** Information technology firms and semiconductors added more than 2% each, after President Xi Jinping's essay on strengthening regulation and governance to boost China's "digital economy".

** New energy shares, machinery firms and automobiles rose between 1.7% and 2%.

** In Hong Kong, the Hang Seng Tech index fell 1%, with Tencent Holdings and Meituan down 1.7% and 2.1%, respectively.

** Sands China Ltd surged 15.5% to become the biggest percentage gainer on the Hang Seng Index, and a sub-index tracking gaming stocks listed in Hong Kong jumped 9%.

** Macau's government announced that the number of new casino operators allowed to function in the world's largest gambling hub would be limited to six with an operating period of up to 10 years.

** Mainland developers listed in Hong Kong retreated 3%.

(Reporting by Shanghai Newsroom; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
HANG SENG 2.96% 20717.24 Delayed Quote.-11.46%
MEITUAN INC. 4.53% 173 Delayed Quote.-23.25%
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-16.87%
SANDS CHINA LTD 1.46% 15.3 Delayed Quote.-15.75%
TENCENT HOLDINGS LIMITED 3.53% 352.2 Delayed Quote.-22.90%
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Financials (USD)
Sales 2022 3 556 M - -
Net income 2022 -483 M - -
Net Debt 2022 7 459 M - -
P/E ratio 2022 -32,0x
Yield 2022 0,20%
Capitalization 15 777 M 15 777 M -
EV / Sales 2022 6,53x
EV / Sales 2023 3,19x
Nbr of Employees 25 751
Free-Float 30,0%
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Sands China Ltd Technical Analysis Chart | 1928 | KYG7800X1079 | MarketScreener
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Mean consensus BUY
Number of Analysts 19
Last Close Price 1,95 $
Average target price 3,29 $
Spread / Average Target 68,9%
EPS Revisions
Managers and Directors
Robert Glen Goldstein Non-Executive Director
Ying Wai Wong President & Executive Director
Min Qi Sun Chief Financial Officer & Senior Vice President
Kwan Lock Chum Chief Operating Officer & Executive Director
Victor Patrick Hoog Antink Independent Non-Executive Director
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