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

Kimberly-Clark De Mexico-A / Equity Bottom-Up

<ul><li>We are updating our models ahead of 3Q24 Results; we downgrade Kimberly-Clark de Mexico to Market Perform (from Outperform), while lowering our PT to P$35 (from P$42).</li><li>While the company’s cost initiatives are expected to continue paying off, we are updating our margin forecasts amid FX headwinds impacting c.60% of the company’s COGS.</li><li>Nonetheless, we expect the company to remain within the 25-27% EBITDA margin target.</li></ul>

We are updating our models ahead of 3Q24 Results; we downgrade Kimberly-Clark de Mexico to Market Perform (from Outperform), while lowering our PT to P$35 (from P$42).While the company’s cost initiatives are expected to continue paying off, we are updating our margin forecasts amid FX headwinds impacting c.60% of the company’s COGS.Nonetheless, we expect the company to remain within the 25-27% EBITDA margin target.

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

Kimberly-Clark De Mexico-A - Actinver Research - Supermarkets & HPC: 3Q24 Preview