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Sands China Ltd. (SCHYY) [hlAlert]

Rating:
Overweight
SCHYY
3 Months Gains
down 41.60 %

Sands China Ltd. (SCHYY) upgraded to Overweight by HSBC Securities

Posted on: Thursday,  Sep 19, 2013  8:25 AM ET by HSBC Securities

Sands China Ltd. (OTCBB:
SCHYY) upgraded to Overweight by HSBC Securities.

Sands China Ltd., an investment holding company, develops, owns, and operates integrated resorts in Macao. The company?s resorts contain gaming areas, meeting space, convention and exhibition halls, retail and dining areas, and entertainment venues. It owns and operates the Sands Macao, a Las Vegas-style casino in Macao; The Venetian Macao Resort Hotel, which anchors the Cotai Strip; and the Plaza Macao located adjacent to The Venetian Macao. It also provides human resources administration, travel and tourism agency, mall management, and ferry transportation and leasing services, as well as procurement, marketing, and administrative services. In addition, the company engages in financing activities; operating hotel apartments; and the retail distribution of merchandise, as well as holds trademark licenses. As of December 31, 2010, its properties comprised 3,554 suites and hotel rooms, 19 Paiza Mansions, 1,135 table games, 3,388 slot machines, 70 restaurants and food outlets, as well as other integrated resort amenities. The company was incorporated in 2009 and is headquartered in Macao. Sands China Ltd. is a subsidiary of Venetian Venture Development Intermediate II.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/19/2013 8:25 AM Buy
None
63.17
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/26/2012 8:25 AM Hold
None
42.20

(*) Stock Price at the time of the recommendation.
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