Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/las-vegas-sands-corp" target="_blank" data-smartkarma-citation="entities:807:1" rel="noopener">Las Vegas Sands (LVS US)</a></strong> is coming up "cheap" on my monitor as Macau's gross gaming revenue touches a new post-Covid high. </li>
<li>Preceding my comments on LVS are the current setup/unwind tables for Asia-Pacific Holdcos.</li>
<li>These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.</li>
</ul>



Las Vegas Sands (LVS US) is coming up "cheap" on my monitor as Macau's gross gaming revenue touches a new post-Covid high. 
Preceding my comments on LVS are the current setup/unwind tables for Asia-Pacific Holdcos.
These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.


StubWorld: LVS Trading "Cheap" As Macau Recovers

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Las Vegas Sands managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>With its scale and substantial investment, Las Vegas Sands is well-positioned to benefit from this trend.</li><li>We give Las Vegas Sands Corp. a 'Hold' rating with a revised target price.</li></ul>

Las Vegas Sands managed to exceed analyst expectations in terms of revenue as well as earnings.With its scale and substantial investment, Las Vegas Sands is well-positioned to benefit from this trend.We give Las Vegas Sands Corp. a 'Hold' rating with a revised target price.

Las Vegas Sands Corp.: The Comeback King of the Casino Industry! - Major Drivers

Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Casino Business Review LLC

Extensive experience in marketing and development in the Asian gaming market

Global Gaming and Casinos Industry

<ul>
<li>Initial positive study by legislative group completed in 2021. Regulatory follow up could move faster than generally believed igniting a process for market leaders in Asia.</li>
<li>Initial study recommended Bangkok and 22 regional, smaller scale properties including world famous resort area Phuket.</li>
<li>Baseline tourism to Thailand in 2019 rated as the 5th largest on the globe.</li>
</ul>


Initial positive study by legislative group completed in 2021. Regulatory follow up could move faster than generally believed igniting a process for market leaders in Asia.
Initial study recommended Bangkok and 22 regional, smaller scale properties including world famous resort area Phuket.
Baseline tourism to Thailand in 2019 rated as the 5th largest on the globe.


Thailand Casinos: A Game Changer in Early Stages that Could Move Faster than Believed at This Point

<ul><li>Las Vegas Sands had a strong quarter and managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Higher visitor numbers in Macao boosted gaming revenue, retail sales, and hotel occupancy during the quarter.</li><li>We give Las Vegas Sands a 'Hold' rating with a revised target price.</li></ul>

Las Vegas Sands had a strong quarter and managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.Higher visitor numbers in Macao boosted gaming revenue, retail sales, and hotel occupancy during the quarter.We give Las Vegas Sands a 'Hold' rating with a revised target price.

Las Vegas Sands Corp.: A Comeback In Macao! - Key Drivers

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

<ul>
<li>We still recommend a tactical overweight to defensives (Staples, Utilities, Healthcare, and gold miners) as the SPX tests our 4165-4200 resistance range, and also resistance from the prior 1.5-month uptrend.</li>
<li>As we await Wednesdays FOMC announcement, the DJIA and Nasdaq Composite are testing 1-year resistances at 34,280 and 12,300, the DXY appears to be inflecting higher, and breadth remains weak.</li>
<li>While we still see a reach to 4300-4325 as possible, we believe playing for more upside is akin to picking up pennies in front of a steamroller.</li>
</ul>


We still recommend a tactical overweight to defensives (Staples, Utilities, Healthcare, and gold miners) as the SPX tests our 4165-4200 resistance range, and also resistance from the prior 1.5-month uptrend.
As we await Wednesdays FOMC announcement, the DJIA and Nasdaq Composite are testing 1-year resistances at 34,280 and 12,300, the DXY appears to be inflecting higher, and breadth remains weak.
While we still see a reach to 4300-4325 as possible, we believe playing for more upside is akin to picking up pennies in front of a steamroller.


S&P 500 Testing 4165-4200, DJIA Testing 34,280, Nasdaq Composite Testing 12,300; Stay Defensive

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.

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Las Vegas Sands (LVS US)

StubWorld: LVS Trading "Cheap" As Macau Recovers

I believe a lot of this "positive" news is baked in. It's not a strong conviction trade, but I'd be looking to gradually set up the stub here and...

David Blennerhassett

Las Vegas Sands Corp.: The Comeback King of the Casino Industry! - Major Drivers

Las Vegas Sands managed to exceed analyst expectations in terms of revenue as well as earnings. With its scale and substantial investment, Las...

Baptista Research

Thailand Casinos: A Game Changer in Early Stages that Could Move Faster than Believed at This Point

Thailand casino initiaties are moving ahead, but still far off. Yet positive outlooks on the potential in a nation bode for strong interest from...

Howard J Klein

Las Vegas Sands Corp.: A Comeback In Macao! - Key Drivers

Las Vegas Sands had a strong quarter and managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Higher...

Baptista Research

S&P 500 Testing 4165-4200, DJIA Testing 34,280, Nasdaq Composite Testing 12,300; Stay Defensive

$SPX testing our 4165-4200 resistance range, $DJI testing 34,280 1-yr resistance, Nasdaq Comp $COMPQ testing critical 12,300 resistance. All while...

Vermilion Research

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