In today’s briefing:
- Vista 3Q25: Operational Execution and Political Momentum Strengthen Outlook
- Lucror Analytics – Morning Views Asia
- MercadoLibre: How Fintech and Credit Expansion Are Enhancing Platform Stickiness!
Vista 3Q25: Operational Execution and Political Momentum Strengthen Outlook
- We maintain our Overweight view and prefer the 2033 notes, which offer similar yield to the 2035s with lower duration risk.
- Vista’s strong operating performance, growing exports, and lower sovereign risk than YPF support a resilient credit profile.
- 3Q25 results showed higher production and EBITDA, though liquidity remains tight; continued execution and easing country risk could drive bond outperformance.
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Nissan Motor
- UST yields declined sharply yesterday, following the release of soft labour market data from alternative sources Challenger and Revelio Labs. The UST curve bull steepened, with the yield on the 2Y and 10Y UST falling 8 bps to 3.56% and 4.08%, respectively.
- Equities were sold off for the second time in three days, led by declines in AI-related stocks. The S&P 500 retreated 1.1% to 6,720, while the Nasdaq slumped 1.9% to 23,054.
MercadoLibre: How Fintech and Credit Expansion Are Enhancing Platform Stickiness!
- MercadoLibre reported notable financial results for its third quarter of 2025, showcasing a strong continuation of growth trends across its e-commerce and fintech platforms.
- The company’s revenue grew by 39% year-on-year, marking the 27th consecutive quarter of growth above 30%.
- This consistent growth is attributed to the company’s strategic investments in various areas such as logistics, free shipping, and financial services.
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