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There is the possibility for these to be spun out into a REIT-style structure at some stage, which would likely unlock further value for shareholders under the right market conditions.
During the recent first quarter Sands China continued to gain market share, although net revenues declined 7. Sands China is trading on circa 20 times forecast earnings, falling to 18 times in FY17. While this does not look particularly cheap, it is in line with sector multiples and the company deal sites australia a juicy dividend yield.
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