Grupo Mexico Falls Most on IPC as Actinver Cuts View to ‘Hold’
Source: BFW (Bloomberg First Word)
Tickers
GMEXICOB MM (Grupo Mexico SAB de CV)
SCCO US (Southern Copper Corp)
People
Pablo Abraham Peregrina (Actinver SOSI SA de CV/Mexico)
Topics
Top Midcap Coverage
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UUID: 7947283
(Bloomberg) -- Stock down as much as 5.6% to 62.01 pesos per share in Mexico City, biggest drop since Dec. 16. Mexico benchmark IPC -0.2%
Alert: HALISTER1- Actinver analyst Pablo Abraham Peregrina cuts Grupo Mexico rating to “hold” from “buy” in Jan. 25 note
- Cites “unappealing valuation” after three-month rally driven by peso depreciation
- NOTE: GMEXICOB shares have gained 28% since U.S. presidential election
- Not expecting “outstanding” results from Grupo Mexico’s non-mining divisions in the short-term:
- Expecting flat-operating results through ’19 for company’s infrastructure division, which represents about 8% of Ebitda
Source: BFW (Bloomberg First Word)
Tickers
GMEXICOB MM (Grupo Mexico SAB de CV)
SCCO US (Southern Copper Corp)
People
Pablo Abraham Peregrina (Actinver SOSI SA de CV/Mexico)
Topics
Top Midcap Coverage
To de-activate this alert, click here
UUID: 7947283