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 CET

--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
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
02/15 WAL MART DE MEXICO B DE C : Results 4Q16 to the MSE
02/15DJWAL MART DE MEXICO B DE C : Mart de Mexico Profit Rises 23% in Fourth Quarter
02/10WAL-MART DE MEXICO S A B DE C V : annual earnings release
01/06DJWAL MART DE MEXICO B DE C : Mart de Mexico's 2016 Sales Rose 11.9%
2016DJToday's Top Supply Chain and Logistics News From WSJ
2016 Retailer Wal-Mart de Mexico to invest $1.3 billion in Mexico
2016DJWAL MART DE MEXICO B DE C : Mart de Mexico to Invest $1.3 Billion in Logistics
2016DJWAL MART DE MEXICO B DE C : Mart de Mexico to Invest $1.3 Billion in Logistics
More news
Sector news : Discount Stores - NEC
02/21DJWal-Mart, Spending to Fend off Amazon, Posts Earnings Decline as Revenue Grow..
02/18 With stocks at highs, investors eye consumer results
02/16DJRetail CEOs Meet With Trump Over Border Tax Concerns -- Update
02/15DJRetail CEOs Meet With Trump Over Border Tax Concerns
02/14 Exclusive - Trump to meet with retail CEOs on taxes, infrastructure
More sector news : Discount Stores - NEC
Advertisement
Financials ( MXN)
Sales 2017 573 076 M
EBIT 2017 44 269 M
Net income 2017 31 809 M
Finance 2017 5 719 M
Yield 2017 4,57%
P/E ratio 2017 22,39
P/E ratio 2018 20,99
EV / Sales 2017 1,21x
EV / Sales 2018 1,12x
Capitalization 701 774 M
More Financials
Chart WAL-MART DE MEXICO S A B D
Duration : Period :
Wal-mart de Mexico S A B d Technical Analysis Chart | WALMEX V | MXP810081010 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 44,7  MXN
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Guilherme Loureiro President, Chief Executive Officer & Director
Enrique Ostalé Cambiaso Executive Chairman
P. Todd Harbaugh Chief Operating Officer
Pedro Farah Chief Financial Officer
Blanca Avelina Treviño de Vega Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART DE MEXICO S A..0.00%35 264
COSTCO WHOLESALE CORPO..9.83%77 992
TARGET CORPORATION-10.04%37 358
WAL-MART DE MEXICO S A..8.48%35 264
DOLLAR GENERAL CORP.2.50%21 369
DOLLARAMA INC5.13%9 129
More Results