JPMorgan: Maintains Sands China (01928.HK) "Overweight" rating and HK$17.5 target price; weak Q3 results in line with expectations

Zhitong Finance APP has learned that JPMorgan released a research report stating that Sands China's (01928.HK) third-quarter results were weak, broadly in line with market concerns. The bank currently holds a selective and cautious view on Macau gaming stocks, maintains an "Overweight" rating on Sands China and a target price of HK$17.5, and believes that gradual dividend payouts, a strong balance sheet, and still-solid free cash flow can support the risk-reward over the next 6 to 12 months.