is strong in October.<\/a><\/span><\/p>\n<\/div>\nBeijing \u201cis trying to be as conservative as possible around COVID practices, which is a negative in the near-term for visitation\/spending trends. But ultimately, that should be a positive long-term, as they get COVID under control and the country returns to normal sooner than other parts of the world,\u201d said Wieczynski.<\/span><\/p>\nThe analyst adds the EBITDA improvement to start this month \u201cshould be another sign to investors that the bottom is near.\u201d<\/span><\/strong><\/p>\nBull Thesis Remains<\/span><\/h2>\nIn Singapore, the government is working on travel bubbles with nearby countries, which could lead to substantial visitation increases, in turn sparking upticks in spending at MBS.<\/span><\/p>\nOverall, Sands is grappling with travel issues in its two marquee markets. But that’s factored into the stock at this point, and it’s reasonable for long-term investors to be encouraged by the operator’s potential.<\/span><\/p>\n\u201cTo put it simply, we expect the company\u2019s dominant position in the world\u2019s most prolific gaming market (Macau), returns-focused management team, and superior balance sheet quality to produce sustainable outsized shareholder returns over the longer term,”<\/strong> <\/span>Wieczynski said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Las Vegas Sands (NYSE:LVS) stock is perking up in the wake of its third-quarter earnings report delivered earlier this week. One analyst believes there’s room for more appreciation, as Macau gross gaming revenue (GGR) estimates near a bottom. In a note to clients, Stifel analyst Steven Wieczynski reiterates a \u201cbuy\u201d rating on LVS, but lowers […]<\/p>\n","protected":false},"author":46,"featured_media":153134,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10],"tags":[],"acf":[],"yoast_head":"\n
Las Vegas Sands Stock Could Benefit as Macau GGR Improves<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n