The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that it maintains Sands China's (01928) “gain” rating and expects the group's stock price to rise next year, with a target price of HK$27.5. It was disappointing that the company's first-quarter EBITDA fell slightly short of expectations.

However, most of the negative effects were due to associated refurbishment works and seasonal effects. Although this situation may continue for several quarters, the bank believes that the current stock price still provides a rare and attractive buying opportunity. The bank believes that Sands China has high-quality assets and business, and has an attractive valuation; in the medium term, it is expected that the group will pay a dividend for the 2024 fiscal year in February next year.