LOS ANGELES – Viking Cruises (NYSE: VIK) announced the addition of a new river ship to its Nile River fleet, the Viking Sobek. The ship recently held a launching ceremony at the Masala Shipyard in Cairo, marking an important step in its construction process. Viking Sobek plans to begin sailing Viking’s 12-day Pharaohs and Pyramids cruise in the fall of 2024.
Viking Sobek can accommodate 82 guests in 41 cabins and is designed in the Scandinavian style typical of the Viking fleet. It will be a sister ship to Viking Osiris, Viking Aten and the upcoming Viking Hathor, which will debut this summer. By the end of 2024, Viking will operate six ships on the Nile, including Viking Ra and MS Antares.
For those wishing to explore Egypt further, Viking offers before and after extensions, including priority visits to museums and private collections in London and Oxford, as well as additional tours in Istanbul and Jordan, including visits to iconic sites such as Petra and the Sea of ​​the Dead.
The resurfacing of the Viking Sobek marks its readiness for the final stages of construction, which will be followed by internal expansion.
The information reported here is based on Viking’s press release.
Investment Professional Insights
As Viking (NYSE: VIK) continues to expand its operations on the Nile, adding the Viking Sobek to its fleet, the company’s financial health and market performance remain a focus for investors. According to the latest data from InvestingPro, Viking has a market capitalization of $12.08 billion. Although it has not yet turned a profit in the trailing 12 months to Q1 2023, the company’s revenue grew strongly at 48.32%, indicating substantial growth in its business operations.
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The company’s shares are currently trading close to its 52-week high, with the company currently trading at 95.11% of that high, reflecting investor confidence and positive market sentiment. However, one of Viking’s InvestingPro tips recommends caution as the stock’s RSI suggests it may be in overbought territory. This could mean the stock price could be higher than what the company’s financials would traditionally support, and investors should consider this when making decisions.
While Viking doesn’t pay dividends to shareholders, the company’s expansion strategy (as evidenced by the addition of Viking Sobek) could be a driver of future growth. For those interested in learning more about Viking’s financial and market performance, InvestingPro provides additional tips and insights. There are also 5 InvestingPro Tips available for a more complete understanding of Viking’s position in the hotel, restaurant and leisure industry.To explore these tips and unlock the full potential of your investing strategy, use the coupon code PRONEWS24 An additional 10% discount is available on annual or biennial Pro and Pro+ subscriptions at https://www.investing.com/pro/VIK.
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