{"id":157581,"date":"2020-12-06T15:53:23","date_gmt":"2020-12-06T23:53:23","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=157581"},"modified":"2020-12-06T22:26:09","modified_gmt":"2020-12-07T06:26:09","slug":"lvs-stock-remains-winning-idea-on-macau-recovery-trends","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/lvs-stock-remains-winning-idea-on-macau-recovery-trends\/","title":{"rendered":"Las Vegas Sands Remains Preferred Idea for Macau Recovery"},"content":{"rendered":"

Macau visitation trends are perking up and data confirms gross gaming revenue (GGR) is improving following a lengthy, coronavirus-induced slide for much of this year. That’s prompting some analysts to reiterate bullish views on Las Vegas Sands (NYSE:LVS).<\/p>\n

\"Las
The Parisian Macau. An analyst is bullish on operator Las Vegas Sands. (Image: CNBC)<\/figcaption><\/figure>\n

Shares of the largest Macau operator jumped 6.22 percent last week, a period including the special administrative region’s (SAR) November GGR report<\/a>. Gaming revenue in the Chinese territory slumped 70.5 percent to $844 million USD in the eleventh month of the year. But that was two percentage points better than the October reading and a sharp improvement over the previous months that included a stretch of declines of at least 90 percent.<\/p>\n

With mass market players driving Macau’s near-term recovery, LVS can capitalize on the rebound in the world’s largest casino center.<\/p>\n

Given our expectation for continued outsized growth within Macau\u2019s mass market gaming segment once this virus noise dies down, we continue to favor exposure to Macau\u2019s most dominant mass market player, Las Vegas Sands,\u201d said Stifel analyst Steven Wieczynski in a recent note to clients.<\/span><\/p><\/blockquote>\n

The analyst has a \u201cbuy\u201d rating on LVS, which is lower by almost 13 percent year-to-date. But the stock is showing considerable momentum in recent weeks, soaring 20.44 percent over the past month<\/strong>.<\/span><\/p>\n

Catalysts Abound for LVS Upside<\/span><\/h2>\n

Macau is the largest market for Sands and the company operates five integrated resorts there, intimately levering it to the SAR’s recovery trends.<\/span><\/p>\n

\n

LVS could offer investors more upside as Macau bounces back. In a broader sense, easing tensions between the US and China, which could be ushered in with the Biden Administration, and encouraging developments on the coronavirus vaccine front are positives for Macau operators. Specific to Sands, it’s opening its long-awaited Londoner Macau<\/a> in February. <\/span><\/p>\n<\/div>\n

\u201cAlthough we expect lingering Chinese macroeconomic uncertainty and virus fears to elevate trading volatility in the near term, we see nothing out there at this point capable of tempering our long-term enthusiasm on the name,\u201d said Wieczynski.<\/span><\/p>\n

The analyst advises investors to use weakness in LVS stock, which is heralded as a top 2021 rebound idea<\/a>, to accumulate shares for the long-term.<\/span><\/p>\n

Unmatched Positioning <\/span><\/h2>\n

Analysts frequently cite Sands’ balance sheet — $2.38 billion USD in cash at the end of Sept. 30 — as one reason to embrace the stock. That stockpile will grow if the company proceeds with selling<\/a> the Venetian, Palazzo, and Sands Convention Center in Las Vegas, a transaction that could fetch up to $6 billion.<\/span><\/p>\n

\u201cThe company\u2019s impeccable balance sheet not only adds a level of safety and security to the story, it also favorably positions the company to successfully pursue any global integrated resort development opportunities of size that come along in the future, in our view,\u201d adds Wieczynski<\/strong>.<\/span><\/p>\n

The Stifel analyst adds there’s only limited near-term risks to LVS returning capital to shareholders, which include buybacks or perhaps restoring its previously suspended dividend. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Macau visitation trends are perking up and data confirms gross gaming revenue (GGR) is improving following a lengthy, coronavirus-induced slide for much of this year. That’s prompting some analysts to reiterate bullish views on Las Vegas Sands (NYSE:LVS). Shares of the largest Macau operator jumped 6.22 percent last week, a period including the special administrative […]<\/p>\n","protected":false},"author":46,"featured_media":157582,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\nLVS Stock Remains Winning Idea on Macau Recovery Trends<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands has dominant positioning in Macau making it an ideal stock for the region's GGR rebound.\" \/>\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=\"LVS Stock Remains Winning Idea on Macau Recovery Trends\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands has dominant positioning in Macau making it an ideal stock for the region's GGR rebound.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/lvs-stock-remains-winning-idea-on-macau-recovery-trends\/\" \/>\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=\"2020-12-06T23:53:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-07T06:26:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/parisian-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-remains-winning-idea-on-macau-recovery-trends\/\",\"url\":\"https:\/\/www.casino.org\/news\/lvs-stock-remains-winning-idea-on-macau-recovery-trends\/\",\"name\":\"LVS Stock Remains Winning Idea on Macau Recovery Trends\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-remains-winning-idea-on-macau-recovery-trends\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-remains-winning-idea-on-macau-recovery-trends\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/parisian-scaled.jpg\",\"datePublished\":\"2020-12-06T23:53:23+00:00\",\"dateModified\":\"2020-12-07T06:26:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Las Vegas Sands has dominant positioning in Macau making it an ideal stock for the region's GGR rebound.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-remains-winning-idea-on-macau-recovery-trends\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/lvs-stock-remains-winning-idea-on-macau-recovery-trends\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-remains-winning-idea-on-macau-recovery-trends\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/parisian-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/parisian-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"The Parisian Macau. 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