[I-bank focus]BofAML ups Sands China (01928) to HK$71.3

    BofA Merrill Lynch raised its target price for Sands China (01928) to HK$71.3 from HK$61.9, and maintained its "buy" rating.
  The research house adopted higher growth assumptions for 2014 due to recent strength in GGR. It also revised up its 2014/15 EBITDA by 4%/ 9%, and its EV/ EBITDA target multiple to 16x from 15x on strong growth in non-gaming, the Parisian Macao progression on track, and potential for yield to surprise on the upside.
  Meanwhile, BofAML expects Sands 4Q 2013 property EBITDA to be US$828mn (+34% YoY & +6% QoQ).