Nomura remains positive on the long-term potential of major cruise ship operators despite Coronavirus outbreak.<\/p>\n\n\n\n\n\n\n\n
Japan.- The main casino cruise operators have a low risk of bankruptcy despite the Covid-19 pandemic, analysts at Nomura have revealed in a recent report.<\/p>\n\n\n\n
Cruise lines such as Royal Caribbean, Carnival Corp and Norwegian Cruise Line Holdings, all of which operate on board casinos, have enough liquidity and or borrowing capacity to last them through near-zero revenue through to Q1 next year.\u00a0<\/p>\n\n\n\n
There is likely to be a modest recovery in the second half, with revenue down 80 per cent in Q3 and 70 per cent in Q4, with a 50 per cent drop seen for Q1 2021, the report noted.<\/p>\n\n\n\n
\u201cIn our view, while a peak in new domestic Covid cases\/deaths reverses investors\u2019 bunker mentality, the key reversals for cash from\u00a0operations is accelerating new bookings and the cash that comes with it. 1Q21E\u00a0could be the turning point,\u201d the Nomura report said.<\/p>\n\n\n\n
\u201cThere may be 70 per cent-90 per cent upside in the shares over a three year horizon, which is why we continue to recommend operators with the strongest brands: RCL and NCLH.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Nomura remains positive on the long-term potential of major cruise ship operators despite Coronavirus outbreak.<\/p>\n","protected":false},"author":2,"featured_media":4456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Nomura maintains a positive long-term outlook on major cruise ship operators, including Royal Caribbean, Carnival Corp, and Norwegian Cruise Line Holdings, despite the COVID-19 pandemic's impact on revenue. The report highlights their sufficient liquidity and borrowing capacity to withstand near-zero revenue until Q1 2021, projecting a modest recovery and significant share upside over three years.","focusai_entities":"Nomura, Royal Caribbean, Carnival Corp, Norwegian Cruise Line Holdings","focusai_location":"Japan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Recovery Drivers","query":"What specific operational and market factors underpin Nomura's projected Q1 2021 turning point and the 70-90% share upside over a three-year horizon, particularly concerning new booking acceleration and consumer confidence?"},{"label":"Casino Vertical Impact","query":"How does the financial resilience and projected recovery of the broader cruise line operations specifically impact the GGR and NGR outlook for their onboard casino verticals, considering potential changes in passenger demographics or spending habits post-pandemic?"}],"footnotes":""},"categories":[160,161,16338,163,167],"tags":[29,415,470],"class_list":["post-5465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-finance-news","category-news-region","tag-casino","tag-cruise","tag-japan"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5465"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5465\/revisions"}],"predecessor-version":[{"id":5474,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5465\/revisions\/5474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4456"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}