{"id":133900,"date":"2020-04-23T12:31:16","date_gmt":"2020-04-23T19:31:16","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=133900"},"modified":"2020-04-23T13:27:00","modified_gmt":"2020-04-23T20:27:00","slug":"las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that\/","title":{"rendered":"Las Vegas Sands Management Confidence Draws Analyst Praise"},"content":{"rendered":"

Las Vegas Sands (NYSE:LVS) reported first-quarter results Wednesday afternoon, and while the numbers were unattractive, they weren’t as ugly as Wall Street expected. Moreover, confident tones sounded by executives are resonating with analysts.<\/p>\n

\"Las
Las Vegas Sands sees Asian gaming markets rebounding after COVID-19 eases, and Wall Street likes the display of confidence. (Image: Twitter)<\/figcaption><\/figure>\n

Shares of the Venetian operator are higher by 11 percent in late trading Thursday. That’s after management said on yesterday’s conference call that there are signs of pent-up demand in Macau and Singapore \u2013 the company’s two most vital markets \u2013 and cited the desire of Asian gamblers to get back to pre-coronavirus spending and tourism habits, which could help LVS operations in the region quickly rebound as travel bans are lifted.<\/p>\n

We have always considered LVS one of the most defensible names in gaming, and management\u2019s commentary further supports our assertion,\u201d said Stifel analyst Steven Wieczynski in a report obtained by Casino.org. <\/i><\/p><\/blockquote>\n

On the conference call, Sands executives pointed out that Asia previously dealt with situations similar to the COVID-19 pandemic, including the severe acute respiratory syndrome <\/span><\/strong>(SARS) and Middle East respiratory syndrome (MERS) outbreaks earlier this century.<\/strong> While those scenarios lead to near-term dips in gaming revenue<\/a>, demand typically bounces back.<\/span><\/p>\n

History Matters<\/h2>\n

Analysts believe Asia’s past bouts with pandemics are relevant today for investors considering positions in LVS stock.<\/p>\n

\n

“Management highlighted evidence of significant pent-up demand in both Macau and Singapore, a phenomenon that should help ease investors\u2019 concerns over any protracted demand degradation on the other side of the COVID crisis,\u201d said Wieczynski. \u201cFurthermore, management noted Asians in general tend to be less affected by the social\/lifestyle changes required on the other side of widespread virus outbreaks, as they have lived through these types of events before.\u201d<\/p>\n<\/div>\n

LVS executives said it’s possible that the region of mainland China closest to Macau could lift some travel restrictions<\/a> to the gaming center as soon as next month. That could have a domino effect, as other provinces gradually follow along.<\/p>\n

“Overall, we view LVS as a way to play what should be improving GGR trends in Macau, a gaming\/travel dependent market that experienced the COVID-19 downturn first and should experience a bounce\/recovery earlier, at least in relation to potential recoveries in U.S. regional gaming, Las Vegas Strip, and US business travel lodging markets,\u201d said JPMorgan analyst Joseph Greff in a note to clients today.<\/p>\n

Burly Cash Position<\/h2>\n

In its investor presentation, LVS noted it has $6.55 billion worth of liquidity<\/a>, meaning it can survive 18 months in a zero-revenue setting while forging ahead with billions of dollars of planned property enhancements in Macau and Singapore.<\/p>\n

“We think it is safe to say there is no other company in gaming today presenting a level of financial security and flexibility on par with LVS,\u201d said Wieczynski.<\/p>\n

The Stifel analyst has a \u201cbuy\u201d rating and $65 price target on LVS stock, while JPMorgan’s Greff rates it \u201coverweight\u201d with a $52 forecast.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas Sands (NYSE:LVS) reported first-quarter results Wednesday afternoon, and while the numbers were unattractive, they weren’t as ugly as Wall Street expected. Moreover, confident tones sounded by executives are resonating with analysts. Shares of the Venetian operator are higher by 11 percent in late trading Thursday. That’s after management said on yesterday’s conference call […]<\/p>\n","protected":false},"author":46,"featured_media":133903,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nLas Vegas Sands Is Confident on Asia Rebounding, Analysts Like That<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands believes its marquee Asian markets will rebound rapidly from COVID-19 and Wall Street likes the confidence.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Sands Is Confident on Asia Rebounding, Analysts Like That\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands believes its marquee Asian markets will rebound rapidly from COVID-19 and Wall Street likes the confidence.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-23T19:31:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-23T20:27:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/sands.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that\/\",\"url\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that\/\",\"name\":\"Las Vegas Sands Is Confident on Asia Rebounding, Analysts Like That\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/sands.jpg\",\"datePublished\":\"2020-04-23T19:31:16+00:00\",\"dateModified\":\"2020-04-23T20:27:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Las Vegas Sands believes its marquee Asian markets will rebound rapidly from COVID-19 and Wall Street likes the confidence.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-is-confident-on-asia-rebounding-analysts-like-that\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/sands.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/sands.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Las Vegas Sands sees Asian gaming markets rebounding after COVID-19 eases and Wall Street likes the display of confidence. 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