Reports
| Date | Report | Type |
|---|---|---|
| 16/03/2020 | Argentina Fixed Income MarketUncertainty surrounding the restructuring process would continue in the short term as Economy minister Martin Guzman did not disclose any details regarding a proposal for the debt restructuring in his address to Congress. Furthermore, it was disclosed today that the offer has been postponed to April. On the fiscal side, Guzman said that no further adjustments would be carried out and primary equilibrium would be reached in 2023, worsening the outlook for a potential proposal to bondholders. |
Fixed Income Weekly |
| 13/03/2020 | Central Puerto 4Q19Margin pressure not relevant, though new tariff scheme is already priced-in |
Equity Report |
| 13/03/2020 | Telecom 4Q19Falling revenue and profit due to recession, but with significant competitive advantages |
Equity Report |
| 10/03/2020 | International Macroeconomic PerspectivesUS: As the world anticipates a global slowdown and OPEC starts price war, investors flee to save havens making markets slump and driving T-bond yields to record lows. |
Macro Economy Weekly |
| 10/03/2020 | Argentina Macroeconomic PerspectivesARGENTINA: Oil price war and coronavirus spread pose a complicated setting for debt restructuring |
Macro Economy Weekly |
| 10/03/2020 | Argentina Equity MarketDomestic stocks have strongly corrected across the board, in line with the international trend, driven by the coronavirus outbreak and oil crisis. Companies with a high percentage of dollar denominated revenues, lower operating exposure to domestic market and low debt levels would act as a hedge in the current scenario. The stock market could strongly correct again if the Government declares a default. |
Equity Weekly Report |
| 10/03/2020 | YPF 4Q19Negative Results in a context of uncertainty |
Equity Report |
| 10/03/2020 | TGS 4Q19Vaca Muerta uncertainty prevails as the main drawback |
Equity Report |
| 09/03/2020 | Argentina Fixed Income MarketUncertainty surrounding the restructuring process would continue in the short term as Economy minister Martin Guzman did not disclose any details regarding a proposal for the debt restructuring in his address to Congress. On the fiscal side, Guzman said that no further adjustments would be carried out and primary equilibrium would be reached in 2023, worsening the outlook for a potential proposal to bondholders. |
Fixed Income Weekly |
| 09/03/2020 | Argentine Banking Industry FY 20191. The banking industry closed 2019 with record-high earnings, but with Leliq income dependence 2. Financial intermediation continued to lose weight; securities income starts to recede 3. Private-sector credit grew below inflation, with a material hike in NPL 4. The efficiency ratio continued to fall |
Equity Report |
| 09/03/2020 | Transener 4Q19Waiting for the frozen tariffs’ turnaround |
Equity Report |
| 04/03/2020 | Banco Hipotecario 4Q19Weak results and expensive relative valuation |
Equity Report |
| 03/03/2020 | International Macroeconomic PerspectivesUS: Fed cut rates by 50bps in an effort to anticipate the economic impact of coronavirus. |
Macro Economy Weekly |
| 03/03/2020 | Argentina Macroeconomic PerspectivesARGENTINA: The government relies on export duties to reverse the budget deficit as tax revenues decelerate |
Macro Economy Weekly |
| 03/03/2020 | Argentina Equity MarketCompanies with a high percentage of dollar denominated revenues, lower operating exposure to domestic market and low debt levels would act as a hedge in the current scenario. The stock market could strongly correct if the Government declares a default. |
Equity Weekly Report |