Sands China hits 7-month low as net income falls; rivals slip

Sands China

29/01/2026 02:18

** Shares of Sands China Ltd 1928.HK drop 8.5% to HK$17.24, their lowest level since July 2

** Stock on track for biggest one-day pct drop since April 7; top pct loser in the benchmark Hang Seng Index .HSI, which slips 0.2%

** Resorts and casinos operator in Macau says its Q4 2025 net income fell 10.1% y/y to $213 mln, while 2025 net income dropped 14.2% y/y to $901 mln

** Says total net revenue for Q4 increased 16.4% to $2.05 bln, while 2025 total net revenue increased 5.1% to $7.44 bln

** Says adjusted property EBITDA up 6.5% in Q4, but down 0.9% for 2025

** YTD, stock down 11.8%, the Hang Seng Commerce & Industry Index .HSNC up 7.8%

** Rivals SJM 0880.HK, Wynn Macau 1128.HK, Melco International 0200.HK, MGM China 2282.HK and Galaxy Entertainment 0027.HK down between 2.1% and 3.9%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))