Banamex Brokerage House Shares and Securities expects that same stores sales (VMT) of Wal-Mart Mexico continue with the performance as the one shown in february (+4.5%) and over the next 2 or 3 months (with some seasonal variations) and a strong behavior during may and june. The advertisement campaigns towards the World Cup might support a growth in sales, considered the stock broker.
Thus, he reiterates his recommendation of Maintain, “We maintain our recommendation to maintain the low risk for WalMex, because we think that shares are well-valued. Actually, our favorite issuer is Soriana, because it is a macro option and still has an interesting potential”, stated in a report Eduardo Estrada and Miguel Ulloa, analysts of Banamex.
The VMT of WalMex rise +4.5 in january according to the high rate estimated by the consensus of the brokerage house of (+3.5% to +4.5%). The total sales increased 11.2%, in comparison with the 12% of january. “We think that the amount of WalMex was higher than their competitors, like in the case of the last 12 months and according to our estimations”, affirmed Estrada and Ulloa.
Traffic was again the main promoter of VMT, in same stores increased 5.4%, while the average annual ticket fall 0.8%, as registered in the last nine months.
For the specialists of commercial sector of Banamex, the increase in VMT was widespread, although the best performances were registered at Vips and Suburbia due to a easy comparison basis.
“We believe that WalMex continues winning market participation to other competitors, the consumer seems cautious and the signals of a strong recovery are still incipient. The Consumer Confidence Index supports our opinion with an annual improvement of +2.2% in comparison with the fall registered in january of -0.02%. The intention of acquiring durable goods is at its lowest point with an annual fall of 4.6%. (El Semanario Agencia, ESA)
Thus, he reiterates his recommendation of Maintain, “We maintain our recommendation to maintain the low risk for WalMex, because we think that shares are well-valued. Actually, our favorite issuer is Soriana, because it is a macro option and still has an interesting potential”, stated in a report Eduardo Estrada and Miguel Ulloa, analysts of Banamex.
The VMT of WalMex rise +4.5 in january according to the high rate estimated by the consensus of the brokerage house of (+3.5% to +4.5%). The total sales increased 11.2%, in comparison with the 12% of january. “We think that the amount of WalMex was higher than their competitors, like in the case of the last 12 months and according to our estimations”, affirmed Estrada and Ulloa.
Traffic was again the main promoter of VMT, in same stores increased 5.4%, while the average annual ticket fall 0.8%, as registered in the last nine months.
For the specialists of commercial sector of Banamex, the increase in VMT was widespread, although the best performances were registered at Vips and Suburbia due to a easy comparison basis.
“We believe that WalMex continues winning market participation to other competitors, the consumer seems cautious and the signals of a strong recovery are still incipient. The Consumer Confidence Index supports our opinion with an annual improvement of +2.2% in comparison with the fall registered in january of -0.02%. The intention of acquiring durable goods is at its lowest point with an annual fall of 4.6%. (El Semanario Agencia, ESA)
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