Sands China (Hong Kong stock code 1928) is up 3% at HK$27.25 and in the short run may eye its record high of HK$27.90 set Jan. 27, after it posts its 4Q net profit rose 44% on-year to $306.7 million, underpinned by higher gaming volumes across its properties. Nomura says Sands China’s 4Q results are solid, and it continues to like Sands China for its resilient earnings through its dominant mass exposure, continual operational improvement, new casino opening, the earnings potential of which is still underappreciated by the market and recurring dividend payment. “Given Sands China’s outperformance year to date, we recommend investors use any falls from here to accumulate the stock further.” The stock is up 23.5% so far in 2012.