Morgan Stanley analysts Praveen K. Choudhary and Katherine Sun expect Sands China Ltd, SJM Holdings Ltd and Melco Crown Entertainment Ltd to post a positive sequential EBITDA growth for the first quarter of 2012. The two analysts expect Sands to post a quarter-on-quarter EBITDA rise of 14 percent to US$496 million. Sands China parent company, Las Vegas Sands Corp, will announce its financial results for the first quarter on April 25. According to the Morgan Stanley analysts, SJM should post a 4 percent quarter-on-quarter EBITDA increase to HK$1,858, followed by Melco Crown, up by 3 percent over the previous quarter to US$238 million. The other three local operators “could see sequential decline,” Mr Choudhary and Ms Sun said in an investors note released yesterday.
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