Las Vegas Sands had a strong quarter and managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Both the casino and non-gaming industries are experiencing a strong comeback in Macao. The company anticipates a very bright future for both industries. Following the easing of travel restrictions, their dedication to investing in Macao and Singapore has never wavered. Higher visitor numbers in Macao boosted gaming revenue, retail sales, and hotel occupancy during the quarter. Besides that, the company’s ongoing investments in non-gaming categories, MICE, hotel suites, live entertainment, retail, food, and beverage put them in a good position to generate a decent growth in the coming years. We give Las Vegas Sands a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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