|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||3.4000 - 3.4000|
|52-week range||1.6900 - 3.8600|
|Beta (5Y monthly)||1.03|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||04 Feb 2020|
|1y target est||N/A|
With its Singapore resort humming along nicely and Macao back open for business, Las Vegas Sands (NYSE: LVS) is focused on recovery and a bright future. In the first quarter of 2023, Las Vegas Sands' revenue rose 125% year over year to $2.1 billion. Its Marina Bay Sands property in Singapore led the way, generating revenue of $848 million.
Asian stocks are on track for a third weekly decline, their worst run since October, but two corporate earnings reports from China on Friday could give investors an idea about the scale of the recovery in the region's largest economy this year. The conventional wisdom holds that a resurgent China will be inflationary for the global economy as demand for energy, commodities and resources increases. Lenovo Group, the world's largest maker of personal computers, and gaming firm Sands China release their latest results on Friday, with investors keen to hear positive guidance now that the country is opening up from its zero-COVID lockdown.
As a swift and broad rally in Asian stock markets after China's reopening from COVID curbs peters out, investors are targeting beaten down stocks in sectors including retail, hospitality and technology to lead a narrower advance from here. The initial wave of optimism over the lifting of lockdowns in the world's second-largest economy lifted a host of trade and tourism stocks around the region, led predictably by the most obvious beneficiaries - sectors such as Macau hotels and Thailand tourism. "We believe the next phase of the market's recovery will be focused on companies that can deliver resilient earnings growth," said Robert Secker, portfolio specialist in the equity division at T. Rowe Price.
Joining the call today are Rob Goldstein, our chairman and CEO; Patrick Dumont, our president and COO; Dr. Wilfred Wong, president of Sands China; and Grant Chum, EVP of Asia operations and COO of Sands China. Today's conference call will contain forward-looking statements that we are making under the safe harbor provision of federal securities laws.