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Old 05-24-2010, 12:24 PM   Nav to Top  #11
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UBS maintains a 'Buy' on Las Vegas Sands (NYSE: LVS), raises price target from $28 to $30.

Via: StreetInsider.com - UBS Maintains a 'Buy' on Las Vegas Sands (LVS); Raising Singapore VIP Market Outlook

UBS raises estimates, citing stronger VIP volumes in Signapore market. FY10 EPS estimates from $0.49 to $0.61 and FY11 from $1.05 to $1.14.

Las Vegas Sands Resumes Macau Build

Las Vegas Sands Corp. (LVS - Snapshot Report), the casino company controlled by Sheldon Adelson, recently announced that the development of the next phase of Cotai Strip project (Parcels 5 & 6) in Macau, suspended in 2008 due to difficult credit market conditions, has resumed and is currently on track.

Las Vegas Sands has secured $1.75 billion project financing through its Chinese subsidiary Sands China Ltd., which includes an additional $300 million of fund originally announced for financing the project. In addition to the project financing, the subsidiary will also spend about $500 million from its initial public offering. The combined figures represent the total amount of funding needed to complete the phases of Parcels 5 & 6 Project.

The first phase of the development is expected to open in third quarter 2011. It includes 3,700 hotel rooms and suites from the Shangri-La, Traders and Sheraton hotel brands and additional retail, gaming and meeting-convention facilities.

Las Vegas Sands expects to open phase two approximately six months later, which includes a 2,300-room Sheraton hotel tower, as well as other non-gaming amenities. Timing for the completion of a third phase, which includes plans for a St. Regis hotel and serviced-apartments, will be announced at a later date. The completion of the project will represent a significant expansion of Las Vegas Sands Cotai presence and is expected to attract large convention business.

Macau, the only Chinese city, where gambling is legal, is becoming the largest gaming market in the world. At present, Cotai is the hub of gambling in Macau . Melco Crown Entertainment Ltd. (MPEL - Snapshot Report) opened its $2.1 billion City of Dreams project in the Cotai area in the previous year. Wynn Resorts Ltd. (WYNN - Analyst Report) is also planning to begin construction on its long-idle Cotai plot. The multi-billion dollar luxury resort is projected to open in the near future. Galaxy Entertainment Group, owner of the StarWorld casino resort in downtown Macau, has also accelerated the construction of its Galaxy Macau, expected to open early next year.

We maintain a Zacks #3 Rank on Las Vegas Sands, which translates into a short-term Neutral recommendation.

Las Vegas Sands is the leading global developer of destination properties (integrated resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants and many other amenities.
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Old 02-03-2011, 02:57 PM   Nav to Top  #12
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Default LVS Q4 2010 out 4:40pm

Back to back killer earnings quarters? KOBATA? LVS reports today after the bell:

NEW YORK - Las Vegas Sands the largest casino operator in the world is set to report its Q4 results after the closing bell today. There are whispers on Wall Street that LVS may go KOBATA again. KOBATA is a seldom used Wall Street word due to its irregularity and it stands for "Knocked it Out of The Ball-Park Above Top Anticipations." It happens when a company reports earnings that greatly exceeds all analyst expectations. Apple is the current KOBATA leader, with 3 of them in the last year.

LVS shares are up over 25% since it reported its Q3 results where it recrded $168 million of profit. The highest analyst expectation for the current quarter is $308 million or 45 cents a share with the average estimate at 39 cents.


Via: http://themarketsareopen.blogspot.co...-nyse-lvs.html
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Old 02-03-2011, 04:15 PM   Nav to Top  #13
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LVS disappoint although from where I'm sitting the revenue still looks amazing:

Las Vegas Sands Swings To Profit In Q4 - Quick Facts

(RTTNews) - Las Vegas Sands Corp. (LVS: News ) posted fourth quarter GAAP net income attributable to common stockholders of $273.0 million or $0.34 per share, compared to a net loss of $113.9 million or $0.17 per share in the prior year quarter.

Adjusted net income increased to $340.1 million or $0.42 per share, compared to $20.9 million or $0.03 per share last year.

On average, 21 analysts polled by Thomson Reuters expected the company to report earnings of $0.39 per share. Analysts' estimates typically excludes special items.

The company said the improvement in its net income attributable to common stockholders of $386.9 million reflects the increase in operating income and lower net interest expense, partially offset by increases in net income attributable to noncontrolling interests and income tax expense.

Net revenue for the quarter was $2.02 billion, up 56.9% from $1.28 billion last year. Eighteen Wall Street analysts expected revenues of $2.07 billion.

---- and the actual release:

http://www.marketwire.com/press-rele...VS-1390483.htm

Net revenue for the fourth quarter of 2010 was a record $2.02 billion, an increase of 56.9% compared to $1.28 billion in the fourth quarter of 2009. Consolidated adjusted property EBITDA in the fourth quarter of 2010 increased 141.3% to $738.9 million, compared to $306.2 million in the year-ago quarter.

Consolidated adjusted property EBITDA margin increased 1,290 basis points to 36.7% in the fourth quarter of 2010, compared to 23.8% in the fourth quarter of 2009.

On a GAAP (Generally Accepted Accounting Principles) basis, operating income in the fourth quarter of 2010 increased to $488.7 million, compared to $43.9 million in the fourth quarter of 2009. The increase in operating income was principally due to stronger results across our portfolio of properties in Macau and the U.S., and operations at Marina Bay Sands in Singapore, which opened in April 2010.

Adjusted net income (see Note 1) increased to $340.1 million, or $0.42 per diluted share, compared to $20.9 million, or $0.03 per diluted share, in the fourth quarter of 2009.

On a GAAP basis, net income attributable to common stockholders in the fourth quarter of 2010 was $273.0 million, compared to net loss of $113.9 million in the fourth quarter of 2009. Diluted earnings per share in the fourth quarter of 2010 was $0.34, compared to a diluted loss per share of $0.17 in the prior year quarter. The improvement in our net income attributable to common stockholders of $386.9 million reflects the increase in operating income and lower net interest expense, partially offset by increases in net income attributable to noncontrolling interests (primarily Sands China Ltd.) and income tax expense.

Full year 2010 net revenue increased 50.2% to $6.85 billion, compared to $4.56 billion in 2009. Consolidated adjusted property EBITDA in 2010 increased to $2.23 billion, compared to $1.09 billion in 2009. Consolidated adjusted property EBITDA margin increased 870 basis points to 32.5% in 2010, compared to 23.8% in 2009.

Adjusted net income (see Note 1) was $775.0 million in 2010, an increase of 1,507.9% compared to $48.2 million in 2009.

On a GAAP basis, full year 2010 operating income was $1.18 billion in 2010, compared to an operating loss of $28.7 million in 2009. Net income attributable to common stockholders was $407.5 million, or $0.51 per diluted share in 2010, compared to a net loss of $540.1 million, or a loss of $0.82 per diluted share in 2009. The improvement in our net income attributable to common stockholders of $947.5 million reflects the increase in operating income and lower net interest expense, partially offset by increases in net income attributable to noncontrolling interests (primarily Sands China Ltd.) and income tax expense.
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Old 02-17-2011, 06:54 PM   Nav to Top  #14
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LVS has hit a rough patch lately with its stock price, but the articles I read keep saying that the property in Singapore is huge and dwarfs the income of their properties in Vegas. Plus, the Singapore economy is apparently booming and Macau is a real cash "cau" for LVS. Buy and hold this one for a long time :)
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Old 02-18-2011, 04:58 AM   Nav to Top  #15
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Next Q earnings report will include Chinese New Year. Some time to consolidate and load more shares on dips.

Still undervalued IMO
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Old 02-18-2011, 08:57 AM   Nav to Top  #16
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Yes, earnings are due to come in soon. LVS gets over 75% of earnings outside of Vegas, so clearly Macau is where most of their numbers will be coming from. Earnings jumped from 3 cents to 42 cents in 4Q 2010....hope we can get another giant leap in earnings for 1Q 2011. Singapore is growing like mad and LVS will grow with them. Buy and hold for a long time with this one! Macau now is how Vegas was when it was just a desert!!
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