Sands China Shares Climb Nearly 3% as Analysts Point to Middle-Market Share Gains

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Sands China Ltd (01928) shares rose nearly 3%, up 2.26% at HK$11.3 as of press time, with trading turnover of HK$168 million.

Analysts at UBS noted in a research report that they expect Sands China's luck-adjusted EBITDA for the third quarter to decline approximately 7% year-on-year and about 3% quarter-on-quarter.

The firm also expects Sands China to be the only gaming operator to achieve growth in luck-adjusted EBITDA, primarily driven by gains in its middle-market business market share.

According to data released by Macau's Gaming Inspection and Coordination Bureau, gross gaming revenue in the third quarter totaled approximately MOP 60.2 billion, down about 4% year-on-year and roughly 1% quarter-on-quarter, partially reflecting the impact of the World Cup.

UBS estimates that Sands China's mass-market gaming revenue for the third quarter will decline about 2% quarter-on-quarter, while VIP room gaming revenue is expected to grow approximately 13% quarter-on-quarter due to a higher hold rate.

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href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-10-13 14:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Sands China Ltd (01928) shares rose nearly 3%, up 2.26% at HK$11.3 as of press time, with trading turnover of HK$168 million.<br><br>Analysts at UBS noted in a research report that they expect Sands China's luck-adjusted EBITDA for the third quarter to decline approximately 7% year-on-year and about 3% quarter-on-quarter.<br><br>The firm also expects Sands China to be the only gaming operator to achieve growth in luck-adjusted EBITDA, primarily driven by gains in its middle-market business market share.<br><br>According to data released by Macau's Gaming Inspection and Coordination Bureau, gross gaming revenue in the 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