
Sands China Ltd.
1928.HKHKSEConsumer CyclicalGambling, Resorts & Casinos
Latest quote
HK$14.63
−HK$0.02 · -0.14%
1928.HK company overview
Regular session · HKT · Market data may be delayed.
Company profile
Company websiteSands China Ltd. functions as an investment holding entity, primarily engaged in the development, ownership, and management of integrated resorts and casinos throughout Macao. Its portfolio features iconic properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao, and The Sands Macao casino. In addition to these, the company operates the Cotai Expo convention and exhibition center, the Cotai Arena entertainment venue, and the Cotai Water Jet ferry service, catering to both leisure and business travelers. By December 31, 2021, Sands China's extensive facilities included 12,373 hotel rooms and suites, 151 restaurants and food outlets, 2.1 million square feet of retail shopping areas, 1.7 million square feet dedicated to MICE events, four permanent theaters, a 15,000-seat arena, and numerous casinos. The company further diversifies its offerings through services like ferry transportation, various leasing arrangements (including pontoon leasing), travel and tourism agency operations, security provisions, human resources administration, and mall management. It also extends outsourcing solutions for information technology, accounting, hotel management, and marketing. Founded in 2009 and headquartered in Taipa, Macau, Sands China Ltd. operates as a subsidiary of Las Vegas Sands Corp.
- Industry
- Gambling, Resorts & Casinos
- Sector
- Consumer Cyclical
- Headquarters
- MO
- CEO
- Kwan Lock Chum
- Listed since
- Nov 30, 2009
- Employees
- 27,875
Market position
Day range
Current HK$14.63
52-week range
Current HK$14.63
- Open
- HK$14.65
- Previous close
- HK$14.65
- Volume
- 10.42M
- 0.72× average
- Average volume
- 14.55M
- Average daily volume
- Market cap
- 118.41B HKD
- Beta
- 0.5
- Market reference 1
- 50-day average
- HK$13.9034
- +5.23% above average
- 200-day average
- HK$17.0433
- -14.16% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 25.97B USD
- P/E (TTM)
- 17.25×
- P/B (TTM)
- 11.74×
- P/S (TTM)
- 2.41×
- EV / EBITDA
- 12.67×
- Earnings yield
- 4.40%
- Free cash flow yield
- 7.67%
- Dividend yield
- 5.13%
Profitability & efficiency
- Gross margin
- 67.72%
- Operating margin
- 19.19%
- Net margin
- 14.04%
- Return on equity
- 63.96%
- Return on assets
- 8.48%
- Return on invested capital
- 13.42%
Financial health
- Debt / equity
- 5×
- Current ratio
- 0.85×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 7.44B USD | 7.08B USD | 6.53B USD | 1.61B USD | 2.87B USD |
| Cost of goods sold | 1.54B USD | 2.9B USD | 1.3B USD | 1.12B USD | 1.15B USD |
| Gross profit | 5.91B USD | 4.18B USD | 5.24B USD | 487M USD | 1.73B USD |
| Selling, general, and administrative | 153M USD | 133M USD | 76M USD | 26M USD | 44M USD |
| Operating expenses | 4.68B USD | 2.81B USD | 4.01B USD | 1.66B USD | 2.26B USD |
| Interest income | 36M USD | 67M USD | 13M USD | 19M USD | 2M USD |
| Interest expense | 324M USD | 382M USD | 497M USD | 411M USD | 337M USD |
| Depreciation and amortization | 750M USD | 754M USD | 775M USD | 750M USD | 733M USD |
| Operating income | 1.23B USD | 1.37B USD | 1.23B USD | −1.17B USD | −537M USD |
| Net income | 896M USD | 1.05B USD | 692M USD | −1.58B USD | −1.05B USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 57%
- 4 beats, 3 misses, 0 met estimates
- Average EPS surprise
- +297.02%
- 7 comparable reports
- Latest EPS result
- 0.39
- Estimate 0.03 · Beat by 1186.67%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
1928.HK peers
ETFs holding 1928.HK
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Total International Stock ETFVXUS56.07M0.01%646.2B USD0.05%$87.16-0.63%
Vanguard FTSE Developed Markets ETFVEA37.49M0.01%315B USD0.03%$73.07-0.48%
iShares Core MSCI EAFE ETFIEFA34.3M0.02%195.14B USD0.07%$100.66-0.19%
iShares MSCI Hong Kong ETFEWH18.44M1.43%1.29B USD0.50%$23.22-0.56%
iShares MSCI EAFE ETFEFA15.78M0.02%79.94B USD0.32%$108.02-0.20%
Pacer Global Cash Cows Dividend ETFGCOW14.89M0.41%3.48B USD0.60%$48.00+0.19%
Vanguard FTSE All-World ex-US ETFVEU9.31M0.01%95.9B USD0.04%$85.155-0.62%
Schwab International Equity ETFSCHF8.56M0.01%69.7B USD0.03%$28.295-0.56%
Vanguard Total International Stock ETFVXUS- Market value
- 56.07M
- Weight
- 0.01%
- AUM
- 646.2B USD
- Expense ratio
- 0.05%
- Price / 1D
- $87.16-0.63%
Vanguard FTSE Developed Markets ETFVEA- Market value
- 37.49M
- Weight
- 0.01%
- AUM
- 315B USD
- Expense ratio
- 0.03%
- Price / 1D
- $73.07-0.48%
iShares Core MSCI EAFE ETFIEFA- Market value
- 34.3M
- Weight
- 0.02%
- AUM
- 195.14B USD
- Expense ratio
- 0.07%
- Price / 1D
- $100.66-0.19%
iShares MSCI Hong Kong ETFEWH- Market value
- 18.44M
- Weight
- 1.43%
- AUM
- 1.29B USD
- Expense ratio
- 0.50%
- Price / 1D
- $23.22-0.56%
iShares MSCI EAFE ETFEFA- Market value
- 15.78M
- Weight
- 0.02%
- AUM
- 79.94B USD
- Expense ratio
- 0.32%
- Price / 1D
- $108.02-0.20%
Pacer Global Cash Cows Dividend ETFGCOW- Market value
- 14.89M
- Weight
- 0.41%
- AUM
- 3.48B USD
- Expense ratio
- 0.60%
- Price / 1D
- $48.00+0.19%
Vanguard FTSE All-World ex-US ETFVEU- Market value
- 9.31M
- Weight
- 0.01%
- AUM
- 95.9B USD
- Expense ratio
- 0.04%
- Price / 1D
- $85.155-0.62%
Schwab International Equity ETFSCHF- Market value
- 8.56M
- Weight
- 0.01%
- AUM
- 69.7B USD
- Expense ratio
- 0.03%
- Price / 1D
- $28.295-0.56%
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