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December 27, 2012
16:41 EDTRCLRoyal Caribbean orders third Oasis-class vessel, sees 2012 CapEx $1.3B
Royal Caribbean Cruises announced that it has executed a contract with STX France to construct a third Oasis-class vessel for delivery in mid-2016. This order is consistent with the plan announced by the company in October to build a sister-ship to the Oasis of the Seas and Allure of the Seas. Including this contract and existing ship orders, projected capital expenditures for 2012 are $1.3B, $700M for 2013, $1.2B for 2014, $1.2B for 2015 and $1.3B for 2016. The company's annualized capacity growth rate from 2012 to 2016 remains at a rate of 3.5%.
News For RCL From The Last 14 Days
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November 25, 2015
10:59 EDTRCLHSBC sees Carnival revenue yield topping guidance, starts at buy
HSBC initiated coverage of cruise operator Carnival (CCL) with a Buy rating, saying that the company's net revenue yield should surpass its guidance. WHAT'S NEW: Increases in Carnival's on-board revenue, combined with its greater price discipline, should enable the cruise operator's net revenue yield to beat expectations going forward, according to HSBC analyst Lena Thakkar. Other factors that should help the company's net revenue yield grow faster than that of its peers include its expansion in China, its major marketing push and new destinations it has added, according to Thakkar. Moreover, Carnival can reduce its costs that are currently "uncoordinated," including flights and hotels for its crews and its port costs, Thakkar believes. The cruise operator may beat its guidance for a "slight increase" in its costs next year, predicted the analyst, who set a $60 price target on the shares. OTHERS TO WATCH: Other prominent cruise operators include Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH). PRICE ACTION: In late morning trading, Carnival rose 1.4% to $51.09.
November 17, 2015
14:22 EDTRCLRoyal Caribbean initiated with an Outperform at Wolfe Research
Target $113.

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