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Latest articles in Mexico

Prologis Property Mexico SA de CV: FIBRAPL, Quarterly Report 3Q21: Increased demand and more favorable outlook

A yield of 1.2%, in line with expectations, in the distribution per CBFI. Inorganic growth and good sector performance benefit operating indicators, but margins drop. Meanwhile, EBITDA contracted 1.9% y/y to $46 million (-11.8% in pesos), and with th...
Banorte Jose Itzamna
Jose Itzamna Espitia Hernandez @ Banorte 21 October 2021

Latam Daily: Brazil’s fragile political space coming to a head

Brazil: The Senate is accusing President Bolsonaro of crimes against humanity due to his government’s handling of the COVID-19 pandemic. The budget is 5.3% bigger than the previous record approved for 2021, with funds earmarked to ease economic press...
ETM Analytics Lloyd
Lloyd Miller @ ETM Analytics 21 October 2021

Daily Credit Briefing

Top Credit Stories ABB (ABBNVX) - Top-line growth impacted by supply constraints, margin target confirmed ASML (ASML) - Results in line with expectations, higher shareholder remuneration announced America Movil (AMXLMM) - Good results acr...
UniCredit Sven
Sven Kreitmair @ UniCredit 21 October 2021

America Movil: AMX, Quarterly Report 3Q21: Surprising profitability performance

Strong subscriber growth and highest EBITDA margin in 9 years. Meanwhile, fixed RGUs had a net addition of 57 thousand q/q (-0.4% y/y) as broadband momentum offset disconnections in voice and pay TV. Thus, service revenues declined 2.1% y/y (+4.5% y/...
Banorte Marissa
Marissa Garza Ostos @ Banorte 21 October 2021

Latam Daily: Fiscal pressures, political uncertainty bubbling below the surface

Brazil: Tuesday turned out to be a tumultuous day for Brazilian assets amid reports that the government will breach the spending cap rule to finance a new social program known as Auxilio Brasil. Therefore a breach of the spending cap rule will mean t...
ETM Analytics Lloyd
Lloyd Miller @ ETM Analytics 20 October 2021

Inflation pressures still in focus in Latam

Brazil: The government is reportedly looking at combining emerging social payments and Bolsa Familia welfare programs into a monthly stipend of BRL 300 next year, according to Reuters, citing an Economy Ministry official with direct knowledge of the ...
ETM Analytics Lloyd
Lloyd Miller @ ETM Analytics 19 October 2021