{"id":231774,"date":"2022-09-13T14:54:59","date_gmt":"2022-09-13T19:54:59","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=231774"},"modified":"2022-09-13T18:07:37","modified_gmt":"2022-09-13T23:07:37","slug":"lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/","title":{"rendered":"Las Vegas Sands Named Top Q3 Casino Stock Idea by Research Firm"},"content":{"rendered":"

The third quarter is drawing to a close, and Las Vegas Sands (NYSE: LVS) is earning some praise as the top casino stock.<\/p>\n

\"LVS
Marina Bay Sands in Singapore. seen above. LVS stock is heralded as a winning idea by a research firm. (Image: YouTube)<\/figcaption><\/figure>\n

That\u2019s the sentiment of research firm Bernstein, which is similarly constructive on Sands China — the US parent company\u2019s Macau unit.<\/p>\n

LVS and Sands China are our Best Ideas as we close at the end of Q3. We rate both stocks Outperform with a price target of US$53.00 for Las Vegas Sands, and HK$28.00 for Sands China, indicating 39 percent and 62 percent upside, respectively,\u201d said Bernstein analysts in a note to clients.<\/p><\/blockquote>\n

The $53 price outlook on LVS implies upside of about 36% from the September 12 close. Shares of the largest gaming company by market capitalization are higher by 3% year-to-date, making it one of the best-performing casino equities. That’s while putting the stock well ahead of the S&P 500.<\/p>\n

For LVS, Macau Opportunity Remains<\/h2>\n

The point is that LVS is performing admirably against the backdrop of what\u2019s essentially been a lost nine months in Macau — the company\u2019s largest operating market — and could signal multiple potentially positive factors.<\/p>\n

\n

First, the consensus is emerging among analysts that things can’t get any worse in the dominant casino hub in the Asia-Pacific region. While that doesn\u2019t always make for substantial investment ideas, there\u2019s some feeling that Beijing realizes it can’t keep<\/a> the special administrative region (SAR) locked down forever simply to ward off COVID-19.<\/p>\n<\/div>\n

\u201cMacau yet remains an attractive entry point with limited downside risk,\u201d added Bernstein.<\/p>\n

Although it operates five venues in the SAR, LVS also runs Marina Bay Sands in Singapore. That integrated resort is a source of strength<\/a> for Sands and\u00a0represents roughly half the company\u2019s market capitalization by some estimates.<\/p>\n

Bolstering the case for LVS and Sands China stocks is the operator\u2019s foothold among mass and premium mass bettors and its lack of exposure to Macau\u2019s battered VIP business.<\/strong><\/p>\n

\u201cOur long-term thesis is driven by expected secular growth in Mass with Sands being well positioned to succeed in both premium mass (especially with new product) and in high margin base mass and retail, where it has always been the top operator,\u201d noted Bernstein.<\/p>\n

For LVS, Singapore Salvation<\/h2>\n

Fortunately for Las Vegas Sands investors, Singapore is taking a more practical approach to reopening. It is dealing with the pandemic better than Macau is, and that\u2019s benefiting Marina Bay Sands.<\/p>\n

Singapore\u2019s recovery has taken off with further acceleration forthcoming,\u201d said the Bernstein analysts. \u201cWe expect business activity to continue ramping up at MBS during the rest of the year and into 2023. We forecast MBS EBITDA to reach over 90% of 2019 in FY23 and grow from there and set up for a further increase once Phase 2 expansion is completed and drawing in more customers.\u201d<\/p><\/blockquote>\n

Marina Bay Sands is one of just two gaming venues in the city-state. The other is Genting Singapore\u2019s<\/a> Resorts World Sentosa. The pair enjoy long-term duopoly protection from the local government.<\/p>\n","protected":false},"excerpt":{"rendered":"

The third quarter is drawing to a close, and Las Vegas Sands (NYSE: LVS) is earning some praise as the top casino stock. That\u2019s the sentiment of research firm Bernstein, which is similarly constructive on Sands China — the US parent company\u2019s Macau unit. LVS and Sands China are our Best Ideas as we close […]<\/p>\n","protected":false},"author":46,"featured_media":231776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10],"tags":[81913,81903],"acf":[],"yoast_head":"\nLVS Stock Highlighted As Strong Casino Equity Idea By Bernstein<\/title>\n<meta name=\"description\" content=\"LVS stock has been surprisingly strong this year and could generate more upside.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LVS Stock Highlighted As Strong Casino Equity Idea By Bernstein\" \/>\n<meta property=\"og:description\" content=\"LVS stock has been surprisingly strong this year and could generate more upside.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/\" \/>\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=\"2022-09-13T19:54:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-13T23:07:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/MBS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/\",\"url\":\"https:\/\/www.casino.org\/news\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/\",\"name\":\"LVS Stock Highlighted As Strong Casino Equity Idea By Bernstein\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/MBS.jpg\",\"datePublished\":\"2022-09-13T19:54:59+00:00\",\"dateModified\":\"2022-09-13T23:07:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"LVS stock has been surprisingly strong this year and could generate more upside.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-highlighted-as-strong-casino-equity-idea-by-bernstein\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/MBS.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/MBS.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Marina Bay Sands in Singapore. 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