Las Vegas Sands Corp (LVS) has been a notable name in recent market activity. In a major move, Chairman Robert Goldstein sold 59% of his holding. Meanwhile, significant reductions in holdings by abrdn plc, Assenagon Asset Management S.A., and IFM Investors Pty Ltd were reported, raising questions about LVS's performance. However, the company continues to draw attention for its dividend payouts. Despite some market losses, LVS stock has consistently outperformed the market thanks to a solid growth in its Macau business. LVS's Q3 2024 earnings report indicated strong growth in Macau, but also showed a dip in net revenue by 4.3% due to lower-than-expected performances in Macau and Singapore. The company announced plans to spend $8 billion to expand its Marina Bay Sands (MBS) resort in Singapore, which might impact future financials. Moreover, Sands China's financial filing reveal offered more detailed insights into LVS's financial performance. Looking ahead, LVS might also enter into Thailand market. Following missed Q3 earnings expectations, the future performance of LVS remains to be seen. Despite such setbacks, LVS could be a nice long-term investment.
Las Vegas Sands Corp LVS News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sat, 02 Nov 2024 13:53:27 GMT -
Rating -3
- Innovation -5
- Information 6
- Rumor -2
