FEMSA (FMX) is losing momentum on grounds of dismal surprise history. However, its focus on strategic initiatives can help it steer through the storm.
Fomento Economico Mexicano S.A.B. de C.V. (FMX), alias FEMSA, reported lower-than-expected results for fourth-quarter 2017 with both the top and the bottom lines lagging estimates.
FEMSA (FMX) remains plagued with soft margins for over a year. Moreover, the company cautious outlook for fourth-quarter 2017 and 2018 remain constraints.
Fomento Economico Mexicano, S.A.B. de C.V. (FMX), alias FEMSA, has regained its position in investors' books after a solid third-quarter 2017, which marked a turnaround in the company's dismal surprise trend.
Fomento Economico Mexicano S.A.B. de C.V. (FMX), alias FEMSA, has been witnessing significant surge since reporting a robust third-quarter 2017 that marked a turnaround in the company's dismal earnings trend over the past few quarters.
FEMSA (FMX) has been grappling with soft margins for quite some time now. However, its focus on strategic measures like diversifying business portfolio and increasing store count remains encouraging.
Fomento Economico Mexicano, S.A.B. de C.V. (FMX), alias FEMSA, is benefiting from solid portfolio and robust strategic measures including increasing store count, diversifying business portfolio and focus on core business activities to drive growth.
Mexico's FEMSA sold 5.24% of its combined interest in the Heineken Group, reducing its over all economic interest in the Dutch brewery from 20.00% to 14.76%.
Акционер голландского пивовара Heineken в лице мексиканского производителя напитков Fomento Economico Mexicano (Femsa) заявил, что планирует продать примерно 5% его бумаг общей стоимостью 2,5 млрд евро ($3 млрд). Femsa уточнила, что планирует разместить бумаги среди институциональных инвесторов за пределами Мексики. Стоит отметить, что в общей сложности мексиканская компания владеет 12,53% бумаг Heineken NV и 14,94% бумаг ее материнской фирмы - Heineken Holding, при этом не уточнялось, какую долю акций обеих фирм планируется размещать.
FEMSA (FMX) divested nearly 5% of its total stake in the Heineken. However, it retains its governance rights and remains a significant stakeholder in Heineken.
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
A lower PEG ratio, preferably less than 1, indicates both undervaluation and solid future growth potential of a stock.