Morgan Stanley released a research report stating that they believe Sands China (01928) stock price will outperform the market in the next 60 days with a probability of over 80%, with a target price of HKD 20.5. The rating has been upgraded to "shareholding", with visible catalysts including the peak of renovation already passed, improved market share, and dividend gradually increasing 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.