- LVS is down quite a bit in 2021, and this low level could suggest a buying opportunity.
- While I am not very bearish on positions now, I am not very optimistic either. Plenty of real risks related to Covid, travel bans, and political uncertainty in China will limit upside.
- Macao revenue figures are not expected to hit pre-pandemic levels until 2023. While the market is forward looking, there will be plenty of buying opportunities throughout 2022. This limits any sense of urgency.
For further details see:
Las Vegas Sands: The Covid Hangover Is Still Not Over, Political Risks Cloud Outlook