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.

Macroeconomics

Fomento Economico Mexica-Ubd (FEMSAUBD MM)

<ul>
<li>We are updating our models ahead of 1Q25 Results; calendar headwinds and a slowdown in some industries are expected, along with FX-related effects in some companies —with some companies benefitting due to their exposure—.</li>
<li>Adverse weather conditions are also expected to weigh on results. We thus forecast sales growth of 6% (9% on a median basis), with EBITDA growth of 1% (4% on a median basis).</li>
<li>We expect only 3 companies within our coverage to post flat or improving margins. In Consumer, we are keeping our ratings unchanged, with minor adjustments to PTs. </li>
</ul>


We are updating our models ahead of 1Q25 Results; calendar headwinds and a slowdown in some industries are expected, along with FX-related effects in some companies —with some companies benefitting due to their exposure—.
Adverse weather conditions are also expected to weigh on results. We thus forecast sales growth of 6% (9% on a median basis), with EBITDA growth of 1% (4% on a median basis).
We expect only 3 companies within our coverage to post flat or improving margins. In Consumer, we are keeping our ratings unchanged, with minor adjustments to PTs. 


El Puerto de Liverpool SAB de (LIVEPOLC MM)

Wal-Mart de Mexico SAB de CV (WALMEX* MM EQUITY)

GMexico Transportes SAB de CV (GMXT* MM EQUITY)

Actinver Research - Mexico Equity Research: 1Q25 Preview