Equity Analysis /

Grupo 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
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

4 August 2022
Published byBanorte


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