Morgan Stanley released a research report stating that they believe the stock price will outperform the market in the next 60 days, with a probability of over 80%. The target price is 20.5 Hong Kong dollars. The rating has been upgraded to "shareholding", with visible catalysts including the peak of renovations being over, improved market share, and dividends gradually rising from 2025 onwards. $SANDS CHINA LTD (01928.HK)$ The stock price is expected to outperform the market in the next 60 days, with a probability of over 80%. The target price is 20.5 Hong Kong dollars. The rating has been upgraded to "shareholding", with visible catalysts including the end of the peak renovation period, improved market share, and a gradual increase in dividends starting from 2025.

The bank mentioned that the recent decline in Sands China's stock price has made short-term valuations more attractive. Morgan Stanley believes that the fundamentals of Macau casino stocks still remain resilient. China's recent stimulus economic policies have been favorable for investor sentiment, which is believed to also benefit Macau casino stocks. If its parent company LVS continues to increase its shareholding in Sands China, it will also be beneficial for the stock.