LVS - Las Vegas Sands: Firming Up At $50+ Is A Positive Indication

2024-04-01 05:43:18 ET

Summary

• Las Vegas Sands shares remain unaffected by Beijing's warning about a China tourist ban on gambling in Singapore.
• This is indicative of a firming of LVS's price which is now holding above $50.
• The Company's performance post-covid is now a factor that is finally recognized.

Evidence of our contention that Las Vegas Sands (LVS) is by far the enigma of the casino sector is the behavior of the stock after China warned China tourists not to gamble in Singapore. Meanwhile, top honchos of US companies, the same week, travelled to Beijing to kiss Xi Jinping's ring. Investors wary of China dependent stocks may have breathed a sigh of relief. So when that does not seem the case, we have cause to believe it may finally have reached a point where LVS can absorb such news and can hold positive sentiment at ~$50 (price at writing: $52)....

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