Zhongtong Financial APP learned that DB released a research report stating that although the stock price underperformed during the period, the parent company did not purchase its shares, maintaining a 'synchronized with the market' rating of Sands China (01928) with a target price of HKD 21.

The report stated that the quarterly performance of Sands China was lower than expected, mainly due to the cost of reinvestment, and the market share of midway gambling income dropped by 80 basis points to 24.5%, which was in line with external expectations, mainly because the Londoner Macao Phase 2 casino and guest rooms were temporarily closed for renovation. DB believes that future market share still faces challenges. Q2 retail rental income remains flat, better than expected, but the pressure on Macau retail sales may affect future rental performance.