CHART DU JOUR: SINGAPORE IN A SLING

Takeaway: Growth slowing but LVS better positioned

We sound like our macro team: growth slowing 

  • Data derived from LVS and Genting earnings reports
  • LVS should be a little better off since MBS has a greater share of the foreign Mass business which continues to grow at a much higher rate than domestic Mass
  • To some extent, the slow growth is a result of the initial strength of the local business but also the saturation of the small local population

CHART DU JOUR: SINGAPORE IN A SLING - S PORE222