ASUR: Flash: Favorable demand and attractive valuation reaffirm it as a favorite

  • Asur’s total passengers in October increased 20.6% y/y vs 19.0%e, supported by growth in international traffic

  • The operations in Mexico climbed 24.1% a/a, in line with our 24.0% estimate, the highest increase vs. national peers

  • The solid demand and an attractive valuation (FV/EBITDA of 9.5x), make us reiterate it as our sector favorite

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