HALISTER1: Fibra Uno Cut to Sell by Punto Casa de Bolsa on Banxico Hikes

Fibra Uno Cut to Sell by Punto Casa de Bolsa on Banxico Hikes

(Bloomberg) -- Upcoming monetary decisions by Mexico’s central bank could affect Fibra Uno’s current valuation in the short-term, Punto Casa de Bolsa analyst Armando Rodriguez writes in note.
  • 2017 price target lowered to 30 pesos from 31 pesos
  • Sees Mexico Central Bank’s reference rate reaching close to 7% by year-end
  • NOTE: Banxico raised key rate for fourth consecutive meeting to 6.25% in February
  • Not expecting significant improvements in Fibra Uno’s operating fund margins for rest of 2017
  • Investor distributions to grow only moderately this year because company issued more Real Estate Certificates (CBFIs) with economic rights after new acquisitions
  • NOTE, Nov. 10: Fibra Uno to Invest MXN4.37b in Project Near Guadalajara

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
FUNO11 MM (Fibra Uno Administracion SA de CV)

People
Armando Rodriguez (Punto Casa De Bolsa)

Topics
Key Comm. Real Estate News

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UUID: 7947283

HALISTER1: Business and Financial Risk Assessments - Scorecard for Merchandisers

Business and Financial Risk Assessments - Scorecard for Merchandisers

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
CTC/A CN (Canadian Tire Corp Ltd)

People
Anil Passi (DBRS Ltd)
Michael Goldberg (DBRS Ltd)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
Issuer Focused Research

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UUID: 7947283