Reports
| Date | Report | Type |
|---|---|---|
| 09/06/2020 | Argentina Equity MarketArgentine Banks: an opportunity if the macro agenda improves |
Equity Weekly Report |
| 09/06/2020 | Banco Macro 1Q20Lower financial expense contributed in the net interest margin improvement, in a context of declining loan origination and securities income |
Equity Report |
| 09/06/2020 | Grupo Financiero Galicia 1Q20Despite lower interest and securities’ income, a reduction in financial and administration expenses pulled up earnings |
Equity Report |
| 08/06/2020 | Banco Hipotecario 1Q20Another quarter of weak results; expensive relative valuation. |
Equity Report |
| 08/06/2020 | Holcim 1Q20Despite a drastic profitability drop following a 20 months decline in construction activity and the covid 19 shutdown, Holcim continues to maintain a sound financial situation. |
Equity Report |
| 03/06/2020 | Argentina Fixed Income MarketThe government decided to extend the exchange’s deadline once again, this time until June 12. During last week, Argentina disclosed a preliminary proposal to bondholders, which includes certain improvements in the new securities’ details, many of which had been requested by the bondholder groups in their previous presentations. The fact that the government has disclosed a new offer with improvements could translate into some progress in the negotiation, although it still seems to be far from being closed. |
Fixed Income Weekly |
| 03/06/2020 | Banco Supervielle 1Q20Interest income (both from loans and Leliqs) fell, but lower interest expense and inflation adjustment save the quarter |
Equity Report |
| 03/06/2020 | Central Puerto 1Q20Some margin pressures, still not relevant. New tariff scheme is already priced-in. |
Equity Report |
| 02/06/2020 | Argentina Equity MarketA successful debt exchange would benefit exporters and non-regulated companies |
Equity Weekly Report |
| 01/06/2020 | Banco Supervielle 1Q20Interest income (both from loans and Leliqs) fell, but lower interest expense and inflation adjustment save the quarter |
Equity Report |
| 28/05/2020 | Argentina Fixed Income MarketFinally, the grace period deadline was met without Argentina making its USD 503 million payment corresponding to coupons of global bonds. Thus, the country fell into default for the ninth time in its history. The government decided to extend the deadline of the exchange until June 2nd, and with no comments about progress regarding negotiations with bondholders. |
Fixed Income Weekly |
| 28/05/2020 | Aluar 3Q19-20Aluar disclosed lower than expected figures led by negative financial result, and a low aluminum price. |
Equity Report |
| 27/05/2020 | Argentina Equity MarketAwaiting for a positive debt resolution as a driver for stocks |
Equity Weekly Report |
| 22/05/2020 | Ternium 1Q20Negative net result, slightly below expectations |
Equity Report |
| 20/05/2020 | Argentina Fixed Income MarketThe government released three proposals from large groups of bondholders on Monday, in a strategy that would appear to be coordinated between the different groups. The proposals offer better conditions than those offered by the government at first, but it remains to be seen if that improvement will finally be agreed. |
Fixed Income Weekly |