Not a stock I want to be holding short during the conference call. Anything can happen with this stock..PE of 13 by end of the year..Increased dividends..Just need to see some growth down the road..
and as they do mass market picks up..Room occupancy is up and the malls have never been so busy..Just a new chapter.
“Adelson’s usual development model is to build a large-scale resort that includes convention centers and shopping malls,” D.S. Kim, a regional gaming analyst at BNP Paribas based in Hong Kong, said by phone. “He’d only consider metropolitan cities with wealthy population and infrastructure which can support heavy visitor traffic.”
Adelson has a net worth of $38.1 billion, the ninth richest globally, according to the Bloomberg Billionaires Index. The company invested in Macau casinos more than 10 years ago and has since become the largest foreign operator in the city, which is about an hour by ferry from Hong Kong.
Run it up and bail..It's a trade with a good dividend..LOL
NEW YORK (TheStreet) -- Shares of Las Vegas Sands (LVS - Get Report) were gaining 4.9% to $56.53 Monday following a positive note to investors from Union Gaming Research Macau.
The analyst firm suggested that investors should "get back in" to casino stocks such as Las Vegas Sands that operate casinos in Macau, according to GGR Asia. The analyst firm said that the increased scrutiny of the VIP gambling market by Macau and Chinese authorities will likely encourage interest from overseas investors.
"With little exception, casino operators, junket operators, politicians, investors and industry watchers all agree that the VIP business has been permanently changed - and we would argue that it is for the better," Union Gaming analysts said. Now we are privy..
I said I would be happy if earnings were over 70 cents. No predictions.
Was worried about your health..You've been absent..Next week the curtains will be pulled..I'll be happy if the magic number is over 70 cents..I hope a lot of analysts will be looking for new jobs after numbers..Ready to re-post their sad downgrades if they are..LOL
Nomura Securities analyst Harry C. Curtis downgraded Las Vegas Sands (NYSE: LVS) and Wynn Resorts Ltd (NASDAQ: WYNN) from Buy to Neutral with a price targets of $54 ($70.00) and $149 (from $209), respectively. Meanwhile the firm maintained a Buy rating on MGM (NYSE: MGM) but cut its price target to $24 (from $30). The firm is lowering Macau GGR forecasts, EBITDA estimates, and projected ROIC’s on new Cotai projects significantly.
The firm is reducing Macau GGR Forecast to (19.6%), well below the Street at (8%). "There is a new sheriff in Macau and that sheriff is Beijing, which is tightening and enforcing travel and capital flow regulations that either didn’t exist or were ignored nine months ago. We believe the current level of demand may average ~ 775m MOP/day through 2015. (8%), which we were early in lowering to, implies daily GGR of 894m MOP and now looks hopelessly optimistic. Our estimate does not assume new policies restricting either the use of Unionpay cards, the business practices of the jewelry shops in Macau, or a full ban on smoking in the casinos. Investors may view our new estimate as too conservative, but the chance of current trends improving in the face of even more regulation/enforcement seems remote."
Curtis added, "With Beijing’s insistence on diversifying Macau’s revenues from gaming, we assume 40%-50% lower table allocations for the new resorts (200-300). EBITDA/table, however, should be at or above current levels since supply growth is likely to be well below demand growth in 2016-2017. We ascribe little incremental EBITDA for non-casino amenities. Three months ago, we lowered our ROIC forecast from 30%-35% to ~25%. With fewer tables and lower-than-expected GGR going into the openings, a 15% ROIC is more likely."
If daily GGR averages 775m MOP, then 2015 EBITDA estimates in Macau decline by 15%-20% for WYNN, LVS and MGM. Parent company estimates decline by 15%, 11% and 5%, respectively, which is now the differential between their estimates and consensus.
For an analyst ratings summary and ratings history on Las Vegas Sands click here. For more ratings news on Las Vegas Sands click here.
Shares of Las Vegas Sands closed at $53.20 yesterday.