Haz tu propio portafolio en nuestra plataforma de inversión en línea Bursanet, con todos los productos necesarios, siguiendo tus propias estrategias.
Asesoría de la mano de un equipo de asesores que te apoyaran en la planeación y logro de tus objetivos por medio de canales y plataformas tecnológicas.
Recibe asesoría personalizada para crear un portafolio específico que cubra tus necesidades individuales desde $500,000 pesos.
Un servicio exclusivo para quienes gozan de un mayor nivel de sofisticación y madurez patrimonial + $20 millones de pesos. Equipo especializado en gestión de activos y productos a la medida.
The largest and most diversified Mx REIT. Defensive operations and exposure to U.S. dollar (30% of rental income). Highly benefited by the lower rate cycle. The Trust has 643 properties, a solid tenant base, and a prudent capital structure with a healthy debt profile. Attractive valuation trading at a 53% implied discount vs. book net asset value (NAV). Annual dividend 2020E of 8% (temporary 50% payout).
Leading telecommunications provider with presence in 25 countries; high exposure to Mexico and Brazil. Solid subscriber base with 280 M wireless customers and 81 M in fixed services. Positive short-term impact from increasing internet demand in homes due to Covid-19 pandemic. Operating strength and solid financial position. Appealing valuation at 4.8x EV/EBITDA 2020E, below peers.
One of the largest conglomerates in Mexico has a partially defensive business model against the current health crisis due to Oxxo stores, pharmacies (YZA) and gas stations (Oxxo Gas). Finally, it has a nearly 50% stake in Coca Cola FEMSA, KOF, the largest bottler of the Coca-Cola system in the world, in terms of volume.
Mostly an industrial Mx REIT (northern region). It has 252 properties and 3.2 M SQM of GLA. Exposed to the most defensive types of assets, with income in U.S. dollars and long-term maturities. Impact on income from COVID-19 offset by exchange rate. Strongly benefitted by the lower rate cycle and T-MEC. Prudent debt profile. Attractive valuation and dividend yield (9% E).
The largest pure play industrial Mx REIT with 97% of its income in U.S. dollars. It has managed to grow its portfolio 3.6x since 2013, reaching 289 properties. Institutionally managed and advised; efficient structure. Prepared to face the coronavirus health crisis with ample financial liquidity (>US$200 M in cash). Trades at a 25% discount vs. market net asset value (NAV); sound 9%E dividend yield.
Financial group, second largest. 1,100 branches, 8,500 ATM and 25 million clients. To face COVID-19: i) credit cards only for 5% of loans; ii) deposit base, 43% are non-interest bearing; iii) CAR 19.0% & CET1 12.2%; iv) LCR 120%; v) well positioned for lower interest rates, 39% of loans at fixed rates; vi) diversification, non-bank subsidiaries 40% of profits; vii) advanced in digital transformation.
A diversified Mx RIET (industrial and offices) with high corporate governance standards and proven execution. Highly defensive, with contracts in U.S. Dollars (75% of total), benefited by the lower rate cycle, and offers a sound dividend yield of 11%E. Well positioned to face the health crisis with ample financial liquidity and conservative debt profile. Strong relationship with tenants.
The second largest bottler in Latin America in terms of volume, about 40% of the company's revenues are dollarized. The company's portfolio is highly resilient in the current environment of a health crisis, since only 9% of revenues are related to restaurants. It is a proven success story in terms of mergers and acquisitions.
Orbia is a petrochemical company, focused mainly on the infrastructure, telecommunications, and agriculture sectors through three subsidiaries. At current prices, you are paying only for the Vinyl business, while you are getting for free the Fluent and Fluor businesses, which generate practically 70% of the consolidated EBITDA. Oil impacts 15% of EBITDA.
The third-largest self-service retailer in Mexico and the only one with presence in the United States. Defensive and prepared to offset the economic impact resulted from the sanitary crisis through USD generation (42% of revenues). It has a healthy balance sheet, with the option to refinance its short-term obligations. Trades at a 31% discount vs. its replacement value.
Fast organic growth, loans +23.2% CAGR 1999-2019. Highly profitable 2.7% ROA 20.0% ROE. To face COVID-19: 90% of portfolio has collateral, low exposure to large tickets, low sensitivity to cuts in rates 10 bps in NIM for 100 bps. Advanced in digital transformation. Stock price similar to 2013 levels despite both Regional's earnings and credit portfolio are now almost three times higher.
Market leader cement company. Geographical footprint range from northern Mexico (Chihuahua), extends throughout the center of the US, reaching Alberta in Canada. Construction in the US and Mexico is considered as an essential activity (with less impact due to Covid-19). Solid balance sheet (1.0x Net Debt/EBITDA). Asset replacement value is 2x higher vs. current price.
The largest rail operator in Mexico with presence in US. Land logistics industry plays a crucial role to face Covid-19 health crisis. Sectors such as industrial and automotive were negatively affected, while those linked to food and services have increased volume demand. USMCA will have a positive impact on GMXT’s operations. A cash dividend payment worth P$0.15 /share will be paid on May 26.
Alfa is a conglomerate focused on consumption, petrochemicals, automotive, and telecommunications, all of whose businesses, excluding NEMAK, are considered essential products and/or services in this contingency. At current prices, you are buying Sigma at a ~40% discount, and the rest of the subsidiaries, completely for free.
The National Statistics Institute released information on the trade
balance for April when international trade began to be affected by
the health c...
S&P Global Ratings lowered the company’s issuer credit and issue-level ratings from B+ to B- (i.e., from the 4th to the 6th level within the specul...
We are upgrading our rating on WALMEX to “Outperform” from “Market Perform”. We find it as an appealing investment opportunity considering its soli...
Rating Upgraded. We are upgrading our rating on WALMEX to
“Outperform” from “Market Perform”. We find it as an appealing investment
The Report makes available to our clients investors in shares of the Mexican Stock Exchange a set of comparative tables, which contain valuable qua...
Downgrading to ‘Market Perform’. Since our change in rating to Outperform on Jan 30, the stock has gained 13.32% +1.86% in dividends (vs IRT's –20....
FEMSA (Outperform): Brewery Industry Declared Essential
CEMEX (Under Review): Announces Organizational Changes
ALPEK (Speculative Buy): Approves Revoking Dividend
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