Equity Analysis /
MexicoGrupo Aeroportuario del Pacifico: Quarterly Report 2Q22: Upside guidance due to better 1H22 performance
In 2Q22, GAP reported in line with expectations, highlighting margin expansion due to good demand dynamism
Given the operational growth and higher margins the company increased its 2022 guidance
The premium valuation vs. industry avg. makes it the least attractive, so we reiterate our Hold recommendation
Jose Itzamna Espitia Hernandez
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
4 August 2022
Published byBanorte
