大摩还表示，移除公司2024年的派息，减2025年及2026年的派息至0.5港元及1港元。该行现料公司第三季及第四季的物业EBITDA分别为5.35亿元及6.33亿元，而次季则取得5.61亿元。Morgan Stanley lowered the EBITDA profit forecast before interest, taxes, depreciation and amortization for Sands China (01928) from 2024 to 2026 to $2.2 billion, $2.8 billion, and $3 billion, respectively.
According to the Wise Finance app, Morgan Stanley released a research report stating that after the second quarterly performance of Sands China (01928) fell short of expectations, its target price was lowered from HKD 21 to HKD 18, maintaining a rating of "in line with the market".
The bank lowered Sands China's EBITDA profit forecast before interest, taxes, depreciation and amortization from 2024 to 2026 by 9%, 4%, and 5%, to $2.2 billion, $2.8 billion, and $3 billion, respectively. This reduces earnings per share by 14%, 6%, and 7% during the period.
Morgan Stanley also stated that it would remove the dividend for the company in 2024 and reduce the dividend for 2025 and 2026 to HKD 0.5 and HKD 1, respectively. The bank expects the company's EBITDA for the third and fourth quarters to be RMB 0.535 billion and RMB 0.633 billion, respectively, while in the second quarter, it was RMB 0.561 billion.
