[I-bank focus]Barclays ups Sands China (01928) to HK$57.2

    Barclays Research raised its target price for Sands China (01928) to HK$57.2 from HK$46.7, and maintained its "overweight" call.
  The house expects Sands China to record the strongest growth for the quarter, with property EBITDA +14% q/q and 32% y/y to US$750mn, backed by mass table revenue +13% q/q
and VIP revenue +8.5% q/q.
  Barclays raised its 2014-15 EBITDA estimates by 11% and 12% on expectations that mass market continues to grow at 26% y/y annually in 2014 and 2015. It believes Sands' mass segment will be able to grow faster than mass industry growth as the company is moving tables from VIP to mass.