Las Vegas Sands Corp
LVS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$86.00 | Cddth | Twpmyzrbr |
Narrow-Moat Las Vegas Sands’ Singapore Is Rocking, but Macao Getting Rocked; Shares Attractive
Narrow-moat Las Vegas Sands' third-quarter results showcased a tale of two cities, with Singapore (34% of 2019 EBITDA) demand benefiting from its April reopening, and Macao (66%) suffering from the Chinese government's steadfast battle against COVID-19 with stringent measures.