Jefferies keeps HKD 19.00 target for Sands China stock

Published on 10/15/2026 at 22:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue reached USD 3.88 billion, up 11.10 percent. Sands China stock costs EUR 1.29 on October 15, 2026, up 0.09 percent on HKEX.

Target and earnings

Jefferies maintained a HKD 19.00 target for Sands China on October 13, 2026.
First-half 2026 revenue rose 11.10 percent to USD 3.88 billion.
Sands China stock costs EUR 1.29 at Lang & Schwarz on October 15, 2026 at 10:54 p.m. CEST, plus 0.09 percent on the day on the HKEX.
Sands China had a P/E ratio of 13.31 and a market capitalization of HKD 91.5 billion on October 15, 2026.

Sands China, KYG7800X1079, Illustration mit AI erstellt.

Sands China (ISIN KYG7800X1079) has a HKD 19.00 price target from Jefferies, which maintained its Buy rating in a report dated October 13, 2026, according to Markets Insider. Against the HKD 11.30 home-market price, the target stands 68.14 percent above the price. Sands China stock costs EUR 1.29 at Lang & Schwarz on October 15, 2026 at 10:54 p.m. CEST.

Revenue grew while profit fell

Sands China reported first-half 2026 net revenue of USD 3.88 billion, up 11.10 percent from USD 3.49 billion in the first half of 2025. Profit declined 3.60 percent to USD 398.00 million from USD 413.00 million. The figures come from the company's interim-results announcement, published by Sands China.

The revenue increase was led by casino activity, while higher patron incentives, payroll costs and other expenses pressured profitability. Adjusted property EBITDA fell 3.40 percent to USD 1.07 billion in the first half of 2026 from USD 1.10 billion a year earlier, according to the same interim-results announcement.

Stock remains near its yearly low

The HKEX-listed stock closed at HKD 11.30 on October 15, 2026, up 0.09 percent from the prior HKEX close of HKD 11.29. Its 52-week range was HKD 10.89 to HKD 22.00, placing the share price 3.77 percent above the low and 48.64 percent below the high. The euro quotation at Lang & Schwarz offers a German-market view, while the HKEX quotation sets the home-market trading comparison.

Valuation and business scale

Sands China had a market capitalization of HKD 91.5 billion, a P/E ratio of 13.31 and a trailing dividend yield of 0.09 percent on October 15, 2026. The company operates integrated resorts, casinos, hotels, retail malls and convention facilities in Macao. Its portfolio includes The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Sands Macao.

The current valuation sits alongside a mixed first-half operating picture: revenue expanded by 11.10 percent, but profit and adjusted property EBITDA contracted. The Jefferies target therefore provides the clearest dated external benchmark for the stock's next valuation discussion.

Price and investor view

The stock's home-market gain was limited to 0.09 percent on October 15, 2026, while the price remained only 3.77 percent above its 52-week low. For investors, the central tension is the gap between growing revenue and weaker profit conversion.

The further course of trading is shown by the continuously updated real-time quote of Sands China stock.