Coverage
- Company
- Country
- Alfa SAB de CV
- Mexico
- Alpargatas SA
- Brazil
- America Movil
- Mexico
- Americanas
- Antarchile
- Chile
- Arco Platform
- Brazil
- Arcos Dorados
- Argentina
- Arezzo Industria e Comercio SA
- Brazil
- Assaí
- Brazil
- ASUR
- Mexico
Diário
- Date
- Company
- 2022-11-29
- Quinenco, Assaí, Prisa, Localiza, Femsa, Vibra Energia, Natura
- 2022-11-28
- Jerónimo martins, MercadoLibre
- 2022-11-25
- Petrobras, Femsa, Alfa, Gruma
- 2022-11-24
- GP Investments, Assaí, Neoenergia SA, Ocean Wilsons, Televisa
- 2022-11-23
- Copec, Enel Chile, Antarchile, Enel Americas, PagSeguro, America Movil
- 2022-11-22
- Ultrapar, Prisa, GPA, Duratex
- 2022-11-21
- Quinenco, Itausa, GP Investments, CSAV, Copec, Antarchile, Americanas, Raizen, Sao Martinho, Rumo
- 2022-11-18
- Stone, Walmex, Corporación América Airports, Qualitas, Femsa
- 2022-11-17
- Arcos Dorados, GALP, GPA, Petrobras, Walmex
- 2022-11-16
- Femsa, Traxion, Alfa
Company research notes
- Date
- Company
- Title
- 2022-11-22
- Antarchile, Copec
- New growth verticals | record cash
- 2022-11-07
- Cia de Saneamento de Minas Gerais-COPASA, Cia de Saneamento do Parana, Copasa, Sanepar
- Discontinuations 07.11.22
- 2022-11-03
- Regional SAB de CV
- Regional | Management delivers - serial compounder
- 2022-11-03
- Sitios Latinoamerica, Telesites, America Movil
- Sitios | One of the cheapest towercos globally
- 2022-10-25
- Wilson, Sons , Ocean Wilsons, Hansa Trust, SM SAAM
- Supportive read-across from SM SAAM
- 2022-10-24
- Quinenco, CSAV
- A long record of value creation
- 2022-10-20
- America Movil
- America Movil | Assessing impact of recent transactions
- 2022-10-20
- Gentera
- Gentera | End of the road for public micro loans initiative
- 2022-10-19
- Concha y Toro
- Premium resilience and cost inflation
- 2022-10-13
- Vamos, Movida Participacoes SA, Simpar SA, Movida, JSL
- Simpar, Vamos, JSL & Movida | Rebalancing growth & leverage
ESG
- Date
- Title
- 2022-10-28
- Latin American Water | Scarcity trade offs
- 2022-08-01
- Boards for thought in the Andean region
- 2022-07-07
- Boards for thought in Brazil
- 2022-07-01
- Latin America renewables | Carbon credits 101
- 2022-06-16
- Boards for thought in Chile
- 2022-06-13
- ESG | Financial inclusion in Latin America
- 2022-05-25
- Boards for thought in Mexico
- 2022-03-21
- Boards for thought in Mexico
- 2022-02-28
- LatAm Renewables | “Blowin’ in the Wind”
- 2021-11-19
- Latin America Sustainability reporting responsibility
Nau Preferencia
- Date
- Title
- 2022-11-16
- LatAm Small & Midcap Compendium | November 2022
- 2022-10-20
- atAm Small & Midcap Compendium | October 2022
- 2022-09-19
- LatAm Small & Midcap Compendium | September 2022
- 2022-08-29
- LatAm Small & Midcap Compendium | August 2022
- 2022-07-18
- LatAm Small & Midcap Compendium | July 2022
- 2022-06-16
- ESG | Boards for thought in Chile
- 2022-06-16
- LatAm Small & Midcap Compendium | June 2022
- 2022-06-13
- ESG | Financial inclusion in Latin America
- 2022-05-25
- Boards for thought in Mexico
- 2022-05-17
- LatAm Small & Midcap Compendium | May 2022
Latam Banks
- Date
- Company
- Title
- 2022-11-11
- Itau, Banco do Brasil, Bradesco, Banco Santander Brasil, Nubank
- Q3 22 credit cycle dashboard
- 2022-11-09
- Bancolombia, Banco Davivienda SA
- Colombian Banks | Taxing times…
- 2022-11-09
- Bradesco
- Key thoughts on Q3 22 miss
- 2022-10-19
- Nubank
- Latin American Fintech | A new fully funded disruptor in Colombia
- 2022-09-28
- Nubank, PagSeguro
- Latam Fintech | Levelling the playing field in pre-paid cards
- 2022-06-20
- Banco Santander, Banco Santander Mexico, Banorte
- Latin American Banks | A Mexican takes the helm at Santander Group
- 2022-06-17
- Nubank, Regional SAB de CV
- Latin American Fintech | Klar raises US$70m in new round
- 2022-06-16
- Gentera SAB de CV, Banco Santander Mexico, Banorte, Regional SAB de CV, Inbursa
- Mexican Banks | High-level takes from FSR data
- 2022-06-01
- Stone, Stone Co, MercadoLibre, PagSeguro, Nubank, Cielo, Mercado Pago
- Nubank | Payments | Nubank enters merchant acquiring
- 2022-04-21
- Mexican Banks | Some positive developments on dividends
Latam Infrastructure
- Date
- Company
- Title
- 2021-09-30
- Movida Participacoes SA, Movida, Unidas, Localiza
- Brazil mobility | Fending off the horde
- 2020-07-05
- Sanepar, Copasa, Sabesp
- Brazil water | A scale opportunity | Sector initiation
- 2020-06-12
- GAP, ASUR, OMA
- Mexican airports | Almost 3 years to full traffic recovery
- 2020-05-27
- Localiza, Unidas, Movida
- Brazilian car rental | Powerful, structural forces remain
- 2020-03-17
- Santos Brasil, Wilson, Sons , SM SAAM
- Latin American Ports | Company meeting notes
- 2020-01-07
- Unidas, Movida, Localiza
- Brazilian car rental | Growing pains in global mobility
- 2019-11-13
- Fibra Macquarie, Fibra Uno, Vesta, Terrafina
- The Mexican real estate sector | Vesta and F. Macquarie raised to Buy
- 2019-10-18
- Movida, Unidas, Localiza
- Brazilian car rental | Potential disruptors also in used cars
- 2019-10-02
- Movida, Localiza
- Brazilian car rental | Lawmakers turn their attention to RAC
- 2019-08-14
- OMA, ASUR, GAP
- Mexican airports | Traffic vs risk-free rate
Latam Energy
- Date
- Company
- Title
- 2022-07-01
- Vina Concha y Toro SA, Ambipar Participacoes e Empreendimentos S/A, Copec, Klabin SA, Vista Oil, Vista Oil & Gas, Duratex, Suzano
- Latin America renewables | Carbon credits 101
- 2022-07-01
- Ambipar Participacoes e Empreendimentos S/A, Copec, Vista Oil, Klabin SA, Concha y Toro, Parque Arauco SA, Suzano
- Latin America renewables | Carbon credits 101
- 2022-05-27
- Vista Oil, YPF SA, Galp Energia SGPS SA, Petrobras, GALP, GeoPark
- LatAm oil sector | Opportunities & Threats
- 2022-02-28
- WEG, CESP, Enel Chile SA, Aeris Industria E Comercio De Equipament, Enel Americas, Omega Geracao SA, Celsia, Pampa Energia SA
- LatAm Renewables | “Blowin’ in the Wind”
- 2021-11-24
- Quinenco, Copec, Antarchile
- Chile Fuel Retail | Small is beautiful
- 2021-01-28
- YPF SA, Petrobras
- Latin America energy agenda reset | Ecopetrol chases ISA deal
- 2020-11-16
- Cosan , BR Distribuidora, Ultrapar
- Brazil fuel retail | The twisting road post 3Q results
- 2020-08-05
- Petrobras
- BP agenda reset | Latin America energy implications
- 2020-06-03
- Cosan , BR Distribuidora, Ultrapar
- Brazil fuel retail | All eyes on lockdown lifting
- 2020-05-19
- GeoPark
- Colombian E&Ps | Rolling the barrels
Latam TMT
- Date
- Company
- Title
- 2022-09-15
- B2W, MercadoLibre, Magazine Luiza, Via Varejo
- Latam e-commerce | Shopee scales back in Latin America
- 2022-01-12
- Traxion, Walmex, Natura , B2W, MercadoLibre, Magazine Luiza, Via Varejo, Arezzo, Assaí, Lojas Americanas, Raia Drogasil, Renner, Nubank, Femsa
- Latin American e-commerce
- 2021-09-30
- America Movil, Telefonica, Entel, LiLAC
- Latin American Telecoms | LILA and AMX to form JV in Chile
- 2021-09-20
- Loggi, RaiaDrogasil, VEF, GPA, Grendene SA, Alpargatas, MercadoLibre, Pet Center Comercio e Participacoes SA, Walmex
- Latin American e-commerce
- 2021-08-20
- Petz, Walmex, Marisa Lojas SA, Magazine Luiza, B2W, MercadoLibre, Grendene, Aliansce, Natura , Via Varejo, Mercado Pago, Grendene SA, Lojas Americanas, GPA, Marisa, Femsa, Aliansce Sonae Shopping Centers sa
- Latin American e-commerce
- 2021-07-15
- Renner, Lojas Americanas, Arezzo, Via Varejo, Magazine Luiza, MercadoLibre, Duratex SA, Petz, B2W, Duratex, Walmex, Arezzo Industria e Comercio SA
- Latin American e-commerce
- 2021-06-28
- America Movil, Televisa
- A proliferation of streaming platforms
- 2021-05-21
- Via Varejo, B2W, Lojas Americanas, MercadoLibre, Magazine Luiza
- Q1 trends | growth, groceries, logistics
- 2021-04-08
- Stone, Stone Co, PagSeguro
- Brazilian Payments | Reinstating our preference for PAGS
- 2021-01-29
- Telefonica
- Discontinuation of coverage
Holding companies and Conglomerates
- Date
- Title
- 2022-10-03
- Latam Special Sits Events | Holding companies Top Picks | October 2022
- 2022-09-21
- Value or value traps?
- 2022-04-11
- Events and potential catalysts
- 2022-03-08
- Commodities | The “double whammy”
- 2022-02-18
- Latam Special Sits Events | Holding companies Top Picks | February 2022
- 2022-01-14
- Latam Special Sits Events | Holding companies Top Picks
- 2021-10-21
- Events | Accelerating activity
- 2021-07-30
- Single-asset holdcos | US$36bn lost value
- 2021-06-09
- Who's next?
- 2021-04-07
- Creating value through simplification
Latam Consumer
- Date
- Company
- Title
- 2022-10-12
- Petz, Walmex, Prisa, SmartFit, Liverpool , Nutresa, Americanas, Alfa, Grupo Mateus, Duratex, CCU, Renner, MercadoLibre, Concha y Toro, Grendene, Natura , Arcos Dorados, Guararapes, Arco Platform, Alpargatas, Arezzo, Assaí, Burger King Brasil, Raia Drogasil, GPA, La Comer, Quero Quero, Centauro, Femsa, Vasta, Gruma
- LatAm Consumer | Top Picks | October 2022
- 2020-12-02
- Pague Menos, Panvel, RaiaDrogasil, Porto Seguro, Fleury, Odontoprev
- Brazilian Healthcare | Digital disruption on the horizon
- 2020-09-01
- Pague Menos, Natura , Lojas Americanas, Via Varejo, Guararapes, Carrefour Brasil, Panvel, RaiaDrogasil, Arcos Dorados, Centauro, Marisa, GPA, MercadoLibre, Renner, Hering, Burger King Brasil, Arezzo, B2W, Alpargatas, Magazine Luiza
- Brazil eCommerce | Spotlight on 26 Brazilian retailers
- 2020-04-06
- GPA, Carrefour Brasil
- The Atacarejo food retailing format
- 2020-04-06
- GPA, Carrefour Brasil
- The Atacarejo food retailing format
- 2019-11-25
- RaiaDrogasil, Ultrapar, Panvel
- Brazilian drug retailers in pictures
- 2019-03-25
- Walmex, Femsa, Fragua
- Mexican drug retailers
- 2019-02-11
- BR Distribuidora, Ultrapar, Cosan
- Back to growth | margin normalisation
- 2018-11-30
- IMC, Burger King Brasil, Arcos Dorados
- Another e-revolution takes grip
- 2018-11-12
- RaiaDrogasil, Ultrapar
- Northern players feel the pain in Q3
Latam Macro
- Date
- Title
- 2020-03-13
- Valuation | Latin America | A 255bp spike in market risk premium
- 2019-12-17
- Brazil | BDR market | Key regulatory changes on the horizon
- 2019-12-02
- Valuation | Latin America | A discounted cash flow framework
- 2019-08-19
- Valuation | Latin America | Estimating the cost of equity
- 2017-05-05
- Latin America: US tax reform implications
- 2017-04-11
- Brazil Taxes: Payroll-tax breaks on the spotlight again
- 2016-12-05
- Mexican macro: Carstens out; minimum nominal wage up 9.7%
- 2016-11-17
- Brazil: Spending cup without pension reform is empty
- 2016-10-20
- Colombian Taxes: Dissecting the proposed tax reforms
- 2016-10-18
- Peruvian Macro: Commercial bank lending to grow below par
Nau Astrolabe
- Date
- Author
- Title
- 2018-05-31
- Cirrus Research
- Cirrus Research | Global Notepad – Latin America: Be Selective, Leadership too Narrow
- 2016-09-12
- Luis Arenzana
- Estimating risk free rates in emerging markets
- 2015-09-21
- George Magnus
- George Magnus on China's economy: no collapse, but it's serious - so are the politics
- 2015-05-27
- World Bank
- Shared Prosperity and Poverty Eradication in Latin American – a World Bank Study
- 2014-11-11
- Lucas de Aragão
- The View from Brasilia – What Next?
- 2014-09-03
- Jonathan Anderson
- Please, Please, Just Give Us Tapering Already
- 2014-04-28
- Michael Shaoul
- Prospects for Brazil and the Bovespa
Company meeting notes