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  >  Mexican Stock Exchange  >  Wal-mart de Mexico S A B de C V    WALMEX V   MXP810081010

WAL-MART DE MEXICO S A B DE C V (WALMEX V)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector 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, [email protected]

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
03/07WAL MART DE MEXICO B DE C : Mart de Mexico Plans 20% More Investment in 2018
DJ
02/19WAL-MART DE MEXICO S A B DE C V : Ex-dividend day for for interim dividend
FA
02/16WAL MART DE MEXICO B DE C : Mart de Mexico Posts Gain in Fourth-Quarter Profit -..
DJ
02/15WAL MART DE MEXICO B DE C : Mart de Mexico Posts Gain in Fourth-Quarter Profit
DJ
02/07WAL MART DE MEXICO B DE C : Walmex says same-store sales rose 7.6 percent in Jan..
RE
01/23Wal-Mart may have to unload stake in Brazilian unit at discount
RE
01/08WAL MART DE MEXICO B DE C : Mart de Mexico's Sales Growth Lost Steam in 2017
DJ
01/08WAL MART DE MEXICO B DE C : Walmex says same-store sales rise 6.7 percent in Dec..
RE
2017Amazon becomes Mexico's top online retailer in 2017 - report
RE
2017WAL-MART DE MEXICO S A B DE C V : Ex-dividend day for for extraordinary dividen..
FA
More news
Financials ( MXN)
Sales 2018 618 B
EBIT 2018 48 246 M
Net income 2018 35 687 M
Finance 2018 22 946 M
Yield 2018 3,18%
P/E ratio 2018 25,31
P/E ratio 2019 23,05
EV / Sales 2018 1,37x
EV / Sales 2019 1,27x
Capitalization 870 B
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 22
Average target price 50,3  MXN
Spread / Average Target 0,97%
EPS Revisions
Managers
NameTitle
Guilherme Loureiro President, Chief Executive Officer & Director
Enrique Ostalé Cambiaso Executive Chairman
Carlos Gerardo Arroyo Chief Operating Officer
Olga González Aponte 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%46 956
COSTCO WHOLESALE CORPORATION4.00%84 938
WAL-MART DE MEXICO S A B DE C V3.34%46 956
TARGET CORPORATION7.77%37 888
DOLLAR GENERAL CORPORATION3.58%25 891
DOLLARAMA INC-5.53%12 702