Las Vegas Sands shares gained momentum following speculation about China's enhanced economic stimulus measures for 2025, with research firm Hedgeye adding LVS as a new long recommendation with 20-30% upside potential.

Key Investment Factors:

• Sands China operates 5 casino hotels in Macau, maintaining top market share in mass and premium mass segments
• Recent Chinese stimulus measures include interest rate cuts and targeted population support
• Beijing signals "moderately" looser monetary policy and "more proactive" fiscal measures for 2025
• Marina Bay Sands in Singapore continues strong performance, with expansion plans underway

Shareholder Value Initiatives:

• Quarterly dividend increased to $0.25 per share from $0.20
• New $2 billion share repurchase program announced
• Strong capital return program often overlooked by investors

Hedgeye analyst Sean Jenkins notes consensus estimates for Macau gaming revenue appear too conservative and undervalue potential benefits from The Londoner resort. Combined with Singapore growth and shareholder returns, LVS presents compelling investment opportunity as China implements broader economic stimulus measures.

The company's strategic positioning in both Macau and Singapore, coupled with its robust capital return program, positions it well to benefit from China's economic recovery initiatives and regional gaming market growth.

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