Reports
| Date | Report | Type |
|---|---|---|
| 16/05/2019 | BYMA 1Q19Bolsas y Mercados Argentinos (BYMA) reported a quarterly net result above expectations, with significant growth in the depository’s revenue and financial results. |
Equity Brief Report |
| 14/05/2019 | Banco Francés 1Q19BBVA Banco Francés (Buenos Aires:FRAN; NYSE:BFR) posted extraordinarily-high earnings in 1Q19, after the sale of a 51% stake in Prisma and the market valuation of the remaining 49%. |
Equity Brief Report |
| 14/05/2019 | International Macroeconomic PerspectivesUS: Despite solid economic growth, the recent escalade in the trade conflict with China fuels concerns over its effect on the economy. |
Macro Economy Weekly |
| 14/05/2019 | Argentina Macroeconomic PerspectivesArgentina: In a challenging international scenario, the Central Bank cut the policy rate and minimized the impact on the exchange rate. |
Macro Economy Weekly |
| 14/05/2019 | Argentina Equity MarketCompanies with low debt in dollars and hard currency denominated revenues would benefit most in this context, acting as a natural hedge. |
Equity Weekly Report |
| 13/05/2019 | Argentina Fixed Income MarketAlthough the Central Banks's announcement of greater intervention in the FX market would remove some of the uncertainty regarding the exchange rate, the risk-return ratio of a higher weighting to pesos denominated securities does not seem attractive. |
Fixed Income Weekly |
| 08/05/2019 | Ternium 1Q19Ternium Argentina’s earnings were below expectations due to lower deliveries and operating margin, along with lower results of investments in associated companies. |
Equity Brief Report |
| 07/05/2019 | International Macroeconomic PerspectivesUS: The labor market was particularly strong in April, suggesting the economy remains on good track despite a slowdown in the manufacturing sector. |
Macro Economy Weekly |
| 07/05/2019 | Argentina Macroeconomic PerspectivesArgentina: Economic activity rose 0.2% mom seasonally adjusted in February, driven by agriculture production, while industrial production, trade and construction contracted again |
Macro Economy Weekly |
| 07/05/2019 | Argentina Equity MarketDomestic uncertainty, due to 2019 presidential elections continues to represent a major risk factor. Looking ahead, the focus will be on the FX and pesos denominated interest rate dynamics. |
Equity Weekly Report |
| 07/05/2019 | Enel Generación Costanera 1Q19The recent rally of Enel Generación Costanera can be mainly explained after the approval of a surprising cash dividend of $ 2,000 million. |
Equity Brief Report |
| 07/05/2019 | Tenaris 1Q19Tenaris disclosed higher than expected net income for the first quarter of 2019but revenues missed consensus estimate. |
Equity Brief Report |
| 06/05/2019 | Argentina Fixed Income MarketRegarding dollar denominated bonds, our suggestion is to maintain a position in those liquid and short-term, such as dollar denominated Bills, with a 4% yield and significant lower volatility than longer bonds. For more aggressive portfolios, we highlight Bonar 2024 (AY24), with a 16.7% yield, and Bonar 2020 (AO20) with a 16.8% yield, bearing in mind that high coupon payments shorten the repayment period significantly. Having an inverted sovereign yield curve, we do not see a positioning in longer bonds as attractive. |
Fixed Income Weekly |
| 30/04/2019 | Argentina Equity MarketDomestic uncertainty, due to 2019 presidential elections continues to represent a major risk factor. Looking ahead, the focus will be on the FX and pesos denominated interest rate dynamics. |
Equity Weekly Report |
| 30/04/2019 | International Macroeconomic PerspectivesUS: GDP growth during the first quarter surprised for good, driven by higher exports and inventories. MEXICO: Despite growing during the first two months, the economy advanced modestly as investor confidence has cooled. |
Macro Economy Weekly |