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

Wal-Mart de Mexico SAB de CV / Equity Bottom-Up

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

<ul>
<li>Walmex’s stock has borne the cost, albeit too much in our view.</li>
<li>Post 2Q25 results, Walmex’s stock has been heavily underperforming (10.3% down) the MEXBOL (1.7% down), reaching its lowest level since late 2020.</li>
<li>While SSS and sales performed slightly above our estimates, margins were in our view the main drivers of the underperformance.</li>
</ul>


Walmex’s stock has borne the cost, albeit too much in our view.
Post 2Q25 results, Walmex’s stock has been heavily underperforming (10.3% down) the MEXBOL (1.7% down), reaching its lowest level since late 2020.
While SSS and sales performed slightly above our estimates, margins were in our view the main drivers of the underperformance.


Actinver Research - Walmex Post 2Q25: The Impact Is Done — Upgrade to Outperform