UBS: Sands China Ltd. (00880.HK) third quarter EBITDA meets expectations, rating "sell"

According to the Zhongtong financial APP, UBS released a research report stating that the EBITDA of Galaxy Entertainment Group (00880.HK) in the third quarter was 881 million Hong Kong dollars, a decrease of about 15% compared to last year, and an increase of about 28% on a quarterly basis, in line with the bank's and market expectations of 856 million to 898 million Hong Kong dollars. The bank gave the company a "sell" rating with a target price of 2.8 Hong Kong dollars. The bank mentioned that Galaxy's management plans to close the remaining four satellite casinos by the end of the year, while integrating its customer and marketing teams, and expects capital expenditures next year to be 1.5 billion Hong Kong dollars.