Ease in both current account and financial account to change the course of BoP balance trend within two to three months. IMF prescriptions to bring major reforms. Our favorite stocks have pricing power, inelastic demand and strong corporate governanc...

America Movil announced that it will propose a cash dividend payment of MXN 0.46 per share (+4.5% y/y). As well as an amount of MXN 20 billion to the share buyback fund for the period April 2023 - April 2024. The dividend equates to a 2.4% yield, whi...

Mobile and FBB competition to improve from 1Q23 onward. Scope for an upside from the mobile ARPU uplift in 2023. Focus on profitable revenue and market share—highlight in 2023.

Out-of-Home recovery. Ad spend dropped YoY in Jan. Cloudy 1Q23 outlook.

Healthy revenues across all business lines. Solid annual margins despite sequential contraction, on cost inflation and 4Q unfavorable seasonality. Healthy revenues, solid margins, and tax savings drive NP, despite FX losses and lower investment incom...

NewCo’s implied value of Bt8.51 pegged with Feb 17 closing prices. NewCo’s implied value of Bt8.51 pegged with Feb 17 closing prices. Key areas of synergy from amalgamation.