Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Equity Bottom-Up

<ul>
<li>Bearish outlooks for the stock in too much financial reporting constitute old wine in new bottles and do not in our view, reflect growing forward value.</li>
<li>Our informal survey of 38 opinions on the stock in the financial press over the past year, reveal a persistent clinging to risks that have considerably been diminished since.</li>
<li>LVS forward prospects are led by steady recovery in Macau and Singapore, the opening of Phase One of its Macau Londoner re-vamp, its recent sale of its Las Vegas assets for US$6.2b. It's superior business model focused on mass vs. VIP promises quicker recovery.</li>
</ul>


Bearish outlooks for the stock in too much financial reporting constitute old wine in new bottles and do not in our view, reflect growing forward value.
Our informal survey of 38 opinions on the stock in the financial press over the past year, reveal a persistent clinging to risks that have considerably been diminished since.
LVS forward prospects are led by steady recovery in Macau and Singapore, the opening of Phase One of its Macau Londoner re-vamp, its recent sale of its Las Vegas assets for US$6.2b. It's superior business model focused on mass vs. VIP promises quicker recovery.


Asia Facing Las Vegas Sands Remains Undervalued for the Wrong Reasons. Bullish Signs Are Increasing.

<ul>
<li>The US$6.2b sale of LVS Las Vegas assets adds to an already strong balance sheet that as of December 2020 showed cash on hand of $2.2b affording a comfortable cushion through the entire span of the pandemic.</li>
<li>We've posited a group of theoretical moves that include acquisitions, mergers, expansions of existing Asia assets, and adding verticals like sports betting.</li>
<li>The pandemic recovery will be fueled by slowly eased travel restrictions and a strong China economy in the next five quarters.</li>
</ul>


The US$6.2b sale of LVS Las Vegas assets adds to an already strong balance sheet that as of December 2020 showed cash on hand of $2.2b affording a comfortable cushion through the entire span of the pandemic.
We've posited a group of theoretical moves that include acquisitions, mergers, expansions of existing Asia assets, and adding verticals like sports betting.
The pandemic recovery will be fueled by slowly eased travel restrictions and a strong China economy in the next five quarters.


Las Vegas Sands: US Exit Creates Bullish Scenario for Asia Expansion Market Has yet to Recognize

<ul>
<li>Adelson's vision linked to Asia prospects laid the foundation for his gaming empire that has now migrated into control of his heirs.</li>
<li>Initially, analysts do not see equity sell downs by the family, but we believe it is more likely to begin speculation post pandemic. The stock is cheap, generous premiums by possible buyers would make this a solid entry point stock now.</li>
<li>Post-pandemic, LVS leads our list of best buys in the Asia gaming sector. </li>
</ul>
<p>(Note: All amounts shown in USD)</p>


Adelson's vision linked to Asia prospects laid the foundation for his gaming empire that has now migrated into control of his heirs.
Initially, analysts do not see equity sell downs by the family, but we believe it is more likely to begin speculation post pandemic. The stock is cheap, generous premiums by possible buyers would make this a solid entry point stock now.
Post-pandemic, LVS leads our list of best buys in the Asia gaming sector. 

(Note: All amounts shown in USD)

Sheldon Adelson, Asia Gaming Pioneer Dies, Leaves a Legacy of Leadership, Possible Sale of Equity

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>Jitters over today’s Georgia Senate runoff elections led to mild weakness on the first trading day of the year. As we explain below, this appears to be just a blip on the radar and our bullish outlook remains intact. We continue to view any weakness as a buying opportunity. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary and Materials: Casinos &amp; Gaming, Large-Cap, Copper, Gold, Western Hemisphere, Large-Cap, and Silver, Platinum.</p>

Jitters over today’s Georgia Senate runoff elections led to mild weakness on the first trading day of the year. As we explain below, this appears to be just a blip on the radar and our bullish outlook remains intact. We continue to view any weakness as a buying opportunity. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary and Materials: Casinos &amp; Gaming, Large-Cap, Copper, Gold, Western Hemisphere, Large-Cap, and Silver, Platinum.

U.S. Equity Strategy: Bullish Outlook Intact

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Last Week in Event SPACE: Coca Cola Amatil, Shimachu, AMP, Hitachi, Jardines, Evergrande

United States

Las Vegas Sands Corp. owns and operates casino resorts and convention centers. The Company operates in the United States, Macau and Singapore. Las Vegas Sand Corp's casinos offer a wide range of gaming activities and entertainment as well as overnight accommodations, while its expo centers host a wide range of entertainment shows, expositions, and other activities.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Las Vegas Sands (LVS US)

Asia Facing Las Vegas Sands Remains Undervalued for the Wrong Reasons. Bullish Signs Are Increasing.

Negative risk elements in financial reporting on LVS shares have hidden the many reasons why the stock remains a strong value buy at $62. Our PT is...

Howard J Klein

Las Vegas Sands: US Exit Creates Bullish Scenario for Asia Expansion Market Has yet to Recognize

The sale of LVS US assets for $6.2b provides massive proceeds for expansion along a fast scale post pandemic scenario for Macau and Singapore not...

Howard J Klein

Sheldon Adelson, Asia Gaming Pioneer Dies, Leaves a Legacy of Leadership, Possible Sale of Equity

Many analysts suggest the death of founder Adelson will not prompt the heirs to sell the equity in an orderly fashion. We believe that post...

Howard J Klein

U.S. Equity Strategy: Bullish Outlook Intact

mild weakness on the first trading day of the year appears to be just a blip on the radar and our bullish outlook remains intact. We continue to...

Vermilion Research

Last Week in Event SPACE: Coca Cola Amatil, Shimachu, AMP, Hitachi, Jardines, Evergrande

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)