Covering the Mexican Economy, Actinver Research

Actinver

Our product offering is based on award winning forecasts and a deep understanding of artificial intelligence tools. 
We cover the Mexican economy with in-depth sector and state knowledge, as well as the integration with the U.S., providing high added value studies. 
To provide comprehensive coverage, we analyze the main macroeconomic variables, sectors, indexes and market information. 
Through solid statistical and computational tools we generate targeted investment strategies for clients with advanced investment profiles such as pension funds, hedge funds and others.

Covering the Mexican Economy

Actinver Research

Actinver is a mexican leading financial group, that generates well being for individuals and companies through advisory services that provides investment management to maintain and grow their wealth.

Equity Bottom-Up

<ul>
<li>Sales of P$77.6bn were 11.2% higher YoY, supported by FX tailwinds and SSS growth in Mexico; nonetheless, they were 2.3% below our estimates, with a similar underperformance in both regions amid weaker-than-expected SSS.</li>
<li>SSS of 2.9% in Mexico were below our 4% estimate and Walmex (4.3%), yet above the ANTAD (1.9%), supported by ticket growth as traffic was fairly flattish.</li>
<li>In the U.S., SSS grew 0.8%, also below our estimates.</li>
</ul>


Sales of P$77.6bn were 11.2% higher YoY, supported by FX tailwinds and SSS growth in Mexico; nonetheless, they were 2.3% below our estimates, with a similar underperformance in both regions amid weaker-than-expected SSS.
SSS of 2.9% in Mexico were below our 4% estimate and Walmex (4.3%), yet above the ANTAD (1.9%), supported by ticket growth as traffic was fairly flattish.
In the U.S., SSS grew 0.8%, also below our estimates.


Actinver Research - Chedraui 4Q24: Turning the page after weak results (Quick View)