Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE)  >  Wal-mart de Mexico S A B de C V    WALMEX V   MXP810081010

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Wal-mart de Mexico S A B de C V : Mexico Stocks End Lower On Wal-Mart Mexico Probe, Europe Woes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/23/2012 | 11:12pm CEST

--IPC index falls 1% to 38962 points

--Europe debt crisis and political issues in Holland and France drive risk fears

--Wal-Mart de Mexico tumbles 12% on bribery probe; America Movil gains

 
   By Laurence Iliff 
   Of  
 

Mexican stocks closed sharply lower Monday amid a global risk selloff, with Europe debt concerns compounded locally by planned probes into Wal-Mart de Mexico on allegations that the nation's top retailer may have used bribes to secure permits allowing for its rapid growth.

The V shares of Walmex, as the retailer is sometimes called, lost 12% to MXN37.89. After the market close, Walmex reported a first-quarter net profit of 4.71 billion pesos ($357.5 million), for a 4.5% increase compared with the same quarter last year.

The IPC index of the leading 35 issues lost 1% on the day to 38962 points on heavy volume of 347.8 million shares valued at MXN11.21 billion. Walmex stock is the second most heavily weighted issue on the IPC after wireless company America Movil. The L shares of Latin America's largest cellular provider rose 2.9% to MXN16.47.

Amid other heavyweights, the CPO shares of cement and building-materials maker Cemex lost 0.9% to MXN8.83, and the B shares of copper miner and railways operator Grupo Mexico slipped 1.2% to MXN40.30.

The shares of retailers that compete most directly with Wal-Mart de Mexico posted gains. The B shares of Soriana added 2.4% to MXN38.82, and the UBC shares of Comercial Mexicana, or Comerci, rose 1.8% to MXN27.84. Smaller retailer Chedraui B shares were off 1.2% to MXN33.73.

Europe and its ongoing debt crisis continued to inject gloom into local markets like equities and the Mexican peso as investors kept a distance from investments seen as relatively risky. Data showed that business activity in the euro zone's private sector contracted the most in five months in April, and France and the Netherlands are coming under political pressure to ease their budget-cutting plans.

The Mexican peso lost ground against the U.S. dollar, which was quoted in Mexico City at MXN13.1760, according to Infosel, compared with Friday's close of MXN13.0970.

-By Laurence Iliff, Dow Jones Newswires; (52-55) 5980-5184, laurence.iliff@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WAL-MART DE MEXICO S A B D
07/06DJWAL MART DE MEXICO B DE C : Mart de Mexico Sales Pick Up in June
04/27DJWAL MART DE MEXICO B DE C : Mart de Mexico Posts Moderate Profit Growth
04/21 WAL-MART DE MEXICO S A B DE C V : ex-dividend day for special dividend
04/21 WAL-MART DE MEXICO S A B DE C V : ex-dividend day for interim dividend
04/21 WAL-MART DE MEXICO S A B DE C V : Infrequent or one-off capital gain payment
04/06DJWAL MART DE MEXICO B DE C : Mart de Mexico Sales Growth Slows
03/16DJWAL MART DE MEXICO B DE C : Walmex Boosts Capital Spending -- WSJ
03/15DJWAL MART DE MEXICO B DE C : Mart de Mexico to Invest 17 Billion Pesos in 2017
02/16DJWAL MART DE MEXICO B DE C : Mart de Mexico Profit Rises 23% in Fourth Quarter --..
02/16 WAL-MART DE MEXICO S A B DE C V : ex-dividend day for quarterly dividend
More news
Financials ( MXN)
Sales 2017 574 687 M
EBIT 2017 42 931 M
Net income 2017 30 865 M
Finance 2017 14 585 M
Yield 2017 5,73%
P/E ratio 2017 24,05
P/E ratio 2018 22,11
EV / Sales 2017 1,27x
EV / Sales 2018 1,18x
Capitalization 743 507 M
Chart WAL-MART DE MEXICO S A B D
Duration : Period :
Wal-mart de Mexico S A B d Technical Analysis Chart | WALMEX V | MXP810081010 | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 45,2  MXN
Spread / Average Target 6,2%
EPS Revisions
Managers
NameTitle
Guilherme Loureiro President, Chief Executive Officer & Director
Enrique Ostalé Cambiaso Executive Chairman
P. Todd Harbaugh Chief Operating Officer
Pedro Farah Chief Financial Officer
Blanca Avelina Treviño de Vega Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART DE MEXICO S A B DE C V0.00%41 844
COSTCO WHOLESALE CORPORATION-4.33%67 179
WAL-MART DE MEXICO S A B DE C V12.66%41 844
TARGET CORPORATION-23.72%30 399
DOLLAR GENERAL CORP.-0.68%20 175
DOLLARAMA INC24.63%11 144