The Mexico Fund, Inc.
|
|
- Drusilla Williams
- 8 years ago
- Views:
Transcription
1 The Mexico Fund, Inc. Monthly Summary Report March 212 Prepared By: Impulsora del Fondo México, sc Investment Advisor to the Fund The information presented in this report has been derived from the sources indicated. Neither The Mexico Fund, Inc. nor its Adviser, Impulsora del Fondo México, S.C., has independently verified or confirmed the information presented herein.
2 March 31, 212 I. THE MEXICO FUND DATA End of Month One Month Earlier One Year Earlier Total Net Assets 1 (million US$) $37.39 $ $ NAV per share $27.72 $26.5 $31.68 Closing price NYSE 2 $25.25 $24.6 $29. % Premium (Discount) (8.91%) (7.17%) (8.46%) Shares traded per month 2 (composite figures) 978,547 82, ,448 Outstanding shares 3 13,362,856 13,362,856 13,388,976 Shares on Short Interest Position 2 23,335 22,345 11,458 Note: Past performance is no guarantee of future results. II. PERFORMANCE 4 1 Month 3 Months 6 Months 1 Year Market price 2.64% 15.56% 25.32% -.85% NAV per share 4.6% 16.28% 26.15% -1.42% Bolsa Index 4.93% 15.95% 27.97% -1.91% MSCI Mexico Index 4.96% 15.22% 26.4% -.66% 2 Years 3 Years 5 Years 1 Years Market price 23.89% % 22.44% % NAV per share 18.31% 15.4% 11.17% % Bolsa Index 14.67% % 18.39% % MSCI Mexico Index 17.17% % 11.6% % III. THE MEXICAN STOCK EXCHANGE End of Month One Month Earlier One Year Earlier Bolsa Index 5 39, , ,44.51 Daily avg. of million shares traded Valuation Ratios 6 : P/E P/BV EV/EBITDA Market capitalization (billion US$) $ $51.43 $ Source: Impulsora del Fondo México, S.C. (Impulsora). Impulsora utilizes the spot exchange rate, provided by Bloomberg, to calculate the Fund's Net Asset Value per share (NAV). The NAV is published every business day on the Fund s website 2 Source: New York Stock Exchange. Short interest position as of first fortnight of every month. 3 During March 212, the Fund did not repurchase any of its own shares in the open market. 4 Sources: Lipper, Inc., Bloomberg and Impulsora del Fondo México, S.C. Periods ended on the last US business day of the date of this report. Figures calculated using the dividend reinvestment criteria. 5 Source: Mexican Stock Exchange 6 Source: Impulsora del Fondo México, S.C. Figures represent the average obtained from a representative sample of companies listed on the Bolsa. P/E refers to Price/Earnings, P/BV refers to Price/Book Value and EV/EBITDA refers to Enterprise Value/Earnings Before Interests, Taxes, Depreciation and Amortization. 1
3 IV. THE MEXICAN ECONOMY. End of Month One Month Earlier One Year Earlier Treasury Bills 7 One month 4.24% 4.32% 4.27% Six months 4.51% 4.48% 4.57% One year 4.63% 4.6% 4.75% Long-term Bonds Three years 4.99% 4.92% 5.9% Five years 5.29% 5.% 6.73% Ten years N.A. N.A. N.A. 2 years N.A. 7.24% 8.3% 3 years 7.67% N.A. N.A. Currency Market 8 Exchange Rate (Ps/US$) Ps Ps Ps Inflation Rates on Previous Month V. ECONOMIC COMMENTS. Month Year to Date Last 12 Months Consumer Price Index 9 (CPI).12%.91% 3.87% According to results of the monthly poll conducted during March 212 by Mexico s Central Bank (Banxico), economic analysts of the private sector estimate that Mexico s gross domestic product (GDP) will increase 3.43% during 212 and 3.5% during 213. The inflation rate is estimated by analysts to be 3.78% for 212 and 3.65% for 213. The exchange rate of the peso against the dollar is expected to end 212 at Ps and at Ps towards the end of 213, while the interest rate for the 28-day Cetes (Treasury Bills) is estimated to be 4.44% and 4.81% for the same periods. The complete results of this and past polls are available at Banxico s website, located at 7 Monthly average of weekly auctions as published by Banco de México. N.A. means no auction for such instrument was scheduled for this month. 8 Sources: Bloomberg and Banco de México 9 Source: Banco de México 2
4 VI. PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 212 (UNAUDITED) Percent of Shares Held COMMON STOCK % Value Net Assets Airports 1,, Grupo Aeroportuario del Sureste, S.A.B. de C.V. Series B $6,875, % Beverages 1,865, Arca Continental, S.A.B. de C.V. 8,887, , Coca-Cola Femsa, S.A.B. de C.V. Series L 5,729, ,85, Fomento Económico Mexicano, S.A.B. de C.V. Series UBD 31,654, , Grupo Modelo, S.A.B. de C.V. Series C 4,874, ,146, Building Materials 18,, Cemex, S.A.B. de C.V. Series CPO 13,854, Chemical Products 3,5, Mexichem, S.A.B. de C.V. 13,477, Construction and Infrastructure 3,, Empresas ICA, S.A.B. de C.V. 5,74, Consumer Products 6,6, Kimberly-Clark de México, S.A.B. de C.V. Series A 14,636, Financial Groups 1,47, Banregio Grupo Financiero, S.A.B. de C.V. Series O 4,3, ,2, Grupo Financiero Banorte, S.A.B. de C.V. Series O 18,68, ,684, Food 4,82, Grupo Bimbo, S.A.B. de C.V. Series A 11,227, ,5, Grupo Herdez, S.A.B. de C.V. 3,11, ,328, Health Care 3,6, Genomma Lab Internacional, S.A.B. de C.V. Series B 6,553, Holding Companies 1,, Alfa, S.A.B. de C.V. Series A 14,364, ,62, Grupo Carso, S.A.B. de C.V. Series A1 5,72, ,436, Housing 1,3, Urbi Desarrollos Urbanos, S.A.B. de C.V. 1,554, Media 4,5, Grupo Televisa, S.A.B. Series CPO 19,14, Mining 6,711,782 Grupo México, S.A.B. de C.V. Series B 21,145, ,5 Industrias Peñoles, S.A.B. de C.V. 5,19, ,254,
5 Percent of Shares Held COMMON STOCK Value Net Assets Retail 14,5 First Cash Financial Services, Inc. 4,481, ,, Grupo Comercial Chedraui, S.A.B. de C.V. Series B 5,29, ,62, El Puerto de Liverpool, S.A.B. de C.V. Series C-1 13,34, ,83, Wal-Mart de México, S.A.B. de C.V. Series V 36,42, ,398, Steel 315,4 Ternium, S.A. 7,468, Stock Exchange 3,2, Bolsa Mexicana de Valores, S.A.B. de C.V. Series A 6,452, Telecommunications Services 34,268, América Móvil, S.A.B. de C.V. Series L 42,611, , NII Holdings, Inc. 4,577, ,189, Total Common Stock $336,3, % Securities SHORT-TERM SECURITIES 13.39% Principal Amount Repurchase Agreements $33,546,34 BBVA Bancomer, S.A., 4.47%, dated 3/31/12, due 4/2/12 repurchase price $33,554,635 collateralized by Bonos del $33,546,34 9.6% Gobierno Federal. Time Deposits Comerica Bank,.6%, dated 3/31/12, due 4/2/12 16,29, Total Short-Term Securities 49,575, Total Investments 385,65, Liabilities in Excess of Other Assets (15,218,75) (4.11) Net Assets Equivalent to $27.72 per share on 13,362,856 shares of capital stock outstanding $37,387,115 1.% 4
6 VII. THE MEXICO FUND, INC. CHARTS Price, NAV and Volume March 212 US$ per share Volume NAV Price 14, 12, 1, 8, 6, 4, shares traded 2, Sources: New York Stock Exchange and Impulsora del Fondo México, S.C. Past performance is no guarantee of future results. 9.5% Discount (Market Price/NAV) March % 8.5% 8.% 7.5% 7.% Source: Impulsora del Fondo México, S.C. Past performance is no guarantee of future results. 5
7 VII. THE MEXICO FUND, INC. CHARTS (continued) Bolsa Index and Traded Volume March ,7 8 index 39,3 38,9 38,5 38,1 37,7 Volume Index million shares 37, Source: Mexican Stock Exchange. Past performance is no guarantee of future results. Monthly Price and NAV January March 212 US$ per share NAV Price Price as provided by the NYSE and NAV as provided by Impulsora del Fondo México, S.C. Past performance is no guarantee of future results
The Mexico Fund, Inc. Managed Distribution Plan (MDP)
Managed Distribution Plan (MDP) The Board of Directors of the Fund has authorized quarterly distributions under the MDP at an annual rate of 10% of the Fund s net asset value ( NAV ) per share recorded
More informationThe Mexico Fund, Inc.
The Mexico Fund, Inc. Annual Shareholders Meeting March 22, 2001 New York City www.themexicofund.com Structure of Presentation I. Mexico s Economic and Political Environment II. The Mexican Stock Exchange
More informationHow To Combine With Ixe And Banorte
Grupo Financiero Banorte - GBOOY XNOR Transaction Overview 2 3 The Transaction Grupo Financiero Banorte, S.A.B. de C.V. ("GFNORTE") (BMV:GFNORTEO), and Grupo Financiero, S.A.B. de C.V. ("IXE") (BMV:IXEGFO)
More informationMexican Derivatives Exchange Local Aspects Study Manual
Mexican Derivatives Exchange Local Aspects Study Manual July 2009 In compliance with the notifications published in this Derivative Exchange s Bulletin of Indicators, dated October 11, 2005, July 27, 2006,
More informationDiscontinued Operations. The company recognized an expense for fees in connection with the discontinued operation of retail stores.
COMMENTS AND ANALYSIS BY THE ADMINISTRATION ON THE OPERATIONAL RESULTS AND FINANCIAL SITUATION OF THE COMPANY AT THE CLOSE OF THE FIRST QUARTER 2012 (FIGURES IN MILLIONS OF PESOS) Million MXP: Millions
More informationBANCO SANTANDER (MÉXICO), S.A., INSTITUCIÓN DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER MÉXICO. ANNUAL REPORT 2012
BANCO SANTANDER (MÉXICO), S.A., INSTITUCIÓN DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER MÉXICO. ANNUAL REPORT 2012 Annual Report presented pursuant to the general regulations applicable to issuers of
More informationB O A R D O F D I R E C T O R S
BOARD OF DIRECTORS Tomás González Sada, Chairman* Chairman of the Board, President and Chief Executive Officer of CYDSA. Member of the Board of Directors of: Vitro, Regio Empresas; Chairman of the Mexico-Japan
More informationDirectors. Board of. Tomás González Sada * Chairman. Eugenio Clariond Reyes-Retana ** Adán Elizondo Elizondo Examiner
Board of Directors Tomás González Sada * Chairman Chairman of the Board, President and Chief Executive Officer of CYDSA. Member of the Board of Directors of: Vitro, Regio Empresas; Chairman of the Mexico-Japan
More informationOrganización Soriana S.A. de C.V. y Subsidiarias. Informe Anual AnnualReport. Estados Financieros. Financial Statements
Organización Soriana S.A. de C.V. y Subsidiarias Informe Anual AnnualReport 2 0 0 0 Estados Financieros Financial Statements 19 ÍNDICE INDEX Informe del Comisario Report of Shareholder Examiner 22 Informe
More informationAccess to The Mexican Derivatives Exchange MexDer
Access to The Mexican Derivatives Exchange MexDer Why Choose Scotiabank? Scotiabank is a founding clearing member and shareholder of MexDer. With a dedicated team of professionals, leading edge technology
More informationBALANCE SHEET AND INCOME STATEMENT
BANCOLOMBIA S.A. (NYSE: CIB; BVC: BCOLOMBIA, PFBCOLOM) REPORTS CONSOLIDATED NET INCOME OF COP 1,879 BILLION FOR 2014, AN INCREASE OF 24% COMPARED TO 2013. Operating income increased 23.8% during 2014 and
More informationFRESNILLO PLC 2009 ANNUAL REPORT
FRESNILLO PLC 2009 ANNUAL REPORT Board of Directors 66 BOARD OF DIRECTORS LEADERSHIP. QUALITY. SUSTAINABLE GROWTH. Alberto Baillères Non-executive Chairman, 78 Chairman, Nominations Committee; Remuneration
More informationBBVA BANCO CONTINENTAL AND SUBSIDIARIES
BBVA BANCO CONTINENTAL AND SUBSIDIARIES Consolidated Financial Statements As of March 31, 2014 (Unaudited) and as of December 31, 2013 (Audited) and for the threemonth periods ended March 31, 2014 and
More informationThe Use of Credit Scoring Models and the Importance of a Credit Culture. Dr. Edward I. Altman Stern School of Business New York University
The Use of Credit Scoring Models and the Importance of a Credit Culture Dr. Edward I. Altman Stern School of Business New York University Evolution of Scoring Systems Qualitative (Subjective) Univariate
More informationMEXICAN STOCK EXCHANGE
STOCK EXCHANGE CODE: STATEMENT OF FINANCIAL POSITION QUARTER: 4 YEAR: 214 REF AT 31 DECEMBER 214 AND 31 DECEMBER 213 (Thousand Pesos) ACCOUNT / SUBACCOUNT ENDING CURRENT PREVIOUS YEAR END Amount Amount
More information1Q15 Consolidated Earnings Results
1Q15 Consolidated Earnings Results Colombian Banking GAAP and IFRS June 2015 Disclaimer Grupo Aval Acciones y Valores S.A. ( Grupo Aval ) is an issuer of securities in Colombia and in the United States,
More informationGFNORTE 4Q13 Results. Conference Call January 31 st, 2014.
GFNORTE 4Q13 Results Conference Call January 31 st, 2014. Material Events Grupo Financiero Banorte advanced the payment of ordinary dividends corresponding to the first semester of 2014. The Ordinary General
More informationConsolidated Financial Statements
FEMSA ANNUAL REPORT 2013 35 Consolidated Financial Statements Contents Financial Summary / 36 Management's Discussion and Analysis / 38 Audit Committee Annual Report / 44 Independent Auditors' Report /
More informationSummary of Empresas ICA, S.A.B. de C.V. ( ICA ) s Business Plan
Basis of Preparation The business plan was developed to be consistent with the expected ongoing businesses of the Construction and Concessions segments, while most of the other parts of the business are
More information2Q15 Consolidated Earnings Results
2Q15 Consolidated Earnings Results IFRS September 2015 Disclaimer Grupo Aval Acciones y Valores S.A. ( Grupo Aval ) is an issuer of securities in Colombia and in the United States, registered with Colombia
More informationCorpBanca Announces First Quarter 2011 Financial Results and Conference Call on Tuesday, May 17, 2011
CorpBanca Announces First Quarter 2011 Financial Results and Conference Call on Tuesday, May 17, 2011 Santiago, Chile, CORPBANCA (NYSE: BCA), a Chilean financial institution offering a wide variety of
More informationHomex - Downgrading vs. Upgrading
Latin American Equity Research Mexico City, July 22, 2008 Company Update Mexico Homebuilders HOMEX Downgrading to Hold on Worsening Working Capital and Increased Debt Gonzalo Fernandez* Mexico: Banco Santander
More informationGFNORTE 3Q13 Results. Conference Call October 25 th, 2013.
GFNORTE Results Conference Call October 25 th, 2013. Material Events Organizational Changes. As part of ongoing efforts to focus the organization towards a client-centered business model, the following
More informationReport of 3Q 2015 consolidated results Information reported in Ps. billions (1) and under Full IFRS (1) We refer to billions as thousands of
Report of 3Q 2015 consolidated results Information reported in Ps. billions (1) and under Full IFRS (1) We refer to billions as thousands of millions. isclaimer Grupo Aval Acciones y Valores S.A. ( Grupo
More informationGrupo Financiero HSBC
Grupo Financiero HSBC Financial information at tember 3Q15 Press Release Quarterly Report Third Quarter Release date: 28 October 1 28 October GRUPO FINANCIERO HSBC, S.A. DE C.V. THIRD QUARTER FINANCIAL
More informationTanner Investor Information 1Q 2014
Tanner Investor Information 1Q 2014 Tanner at a Glance Business Description Key Highlights (1Q 14) Tanner Servicios Financieros S.A. ( Tanner ) is a leading Chilean non banking financial institution, offering
More informationLIVEPOL1 UNDERPERFORM. Hold Your Horses Downgrading to Underperform (08/01/07) CURRENT PRICE: US$5.61/M$61.40 TARGET PRICE: US$4.80/M$54.
Latin American Equity Research Mexico City, August 2, 2007 LIVERPOOL Hold Your Horses Downgrading to Underperform Joaquin Ley* Company Report Mexico Retail UNDERPERFORM Vivian Salomon* Mexico: Banco Santander,
More informationBanco Nacional de México, S. A., Integrante del Grupo Financiero Banamex and subsidiaries. Consolidated Financial Statements
Consolidated Financial Statements December 31, 2013 and 2012 (With Independent Auditors Report Thereon) (Translation from Spanish Language Original) The Board of Directors and Stockholders : Independent
More informationTernium Announces First Quarter 2015 Results
Sebastián Martí Ternium - Investor Relations +1 (866) 890 0443 +54 (11) 4018 2389 www.ternium.com Ternium Announces First Quarter 2015 Results Luxembourg, April 29, 2015 Ternium S.A. (NYSE: TX) today announced
More informationAudit and Corporate Practices Committee Report and Audited Financial Statements
Audit and Corporate Practices Committee Report and Audited Financial Statements Annual Report 2012 Index Page Audit and Corporate Practices Committee Report 2 Independent Auditors Report 4 Consolidated
More information1Q14 Earning Results
1 Mexico City, April 24, 2014 QC Doing Things Right Management s Discussion & Analysis During the quarter, we acquired a company with licenses to operate in 14 states within the United States, including
More informationAnnual Report 2011. Audited Financial Statements
Audited Financial Statements 1 Index Audit and Corporate Practices Committee Report Independent Auditors Report Balance Sheets Income Statements Statements of Changes in Stockholders Equity Cash Flow Statements
More informationGFNORTE 3Q14 Results. Conference Call October 24, 2014.
GFNORTE 3Q14 Results Conference Call October 24, 2014. Material Events Shareholders' Assembly GFNorte held an Ordinary General Shareholders' Meeting on October 22 nd. The company s capital that was represented
More informationANNUAL GENERAL SHAREHOLDERS MEETING OF GRUPO HERDEZ
ANNUAL GENERAL SHAREHOLDERS MEETING OF GRUPO HERDEZ Mexico City, Mexico, April 1, 2014 - Grupo Herdez, S.A.B. de C.V. ( Grupo Herdez or the Company ) (BMV: Herdez, OTC: GUZBY) announces to its shareholders
More informationI. TERMS AND CONDITIONS. TBD Monthly Sole payment on redemption date. Non-guaranteed / Unsecured
MEMORÁNDUM PRELIMINAR DE VENTA HSBC MÉXICO, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO HSBC ( HSBC ) ISSUANCE OF USD PREFERENTIAL SUBORDINATED DEBENTURES NON-CONVERTIBLE INTO HSBC SHARES ( SUBORDINATED
More informationBANCO DE GALICIA Y BUENOS AIRES S.A. REPORTS EARNINGS FOR THE QUARTER ENDED MARCH 31, 2014
FOR IMMEDIATE RELEASE Banco de Galicia y Buenos Aires S.A. Phone (54) (11) 6329-6430 Fax (54) (11) 6329-6494 www.bancogalicia.com BANCO DE GALICIA Y BUENOS AIRES S.A. REPORTS EARNINGS FOR THE QUARTER ENDED
More informationChapter 9. The Valuation of Common Stock. 1.The Expected Return (Copied from Unit02, slide 39)
Readings Chapters 9 and 10 Chapter 9. The Valuation of Common Stock 1. The investor s expected return 2. Valuation as the Present Value (PV) of dividends and the growth of dividends 3. The investor s required
More informationDebt to Grow at a Slower Pace Lowering Target Price but Reiterating Buy
Latin American Equity Research Mexico City, May 1, 2008 URBI Company Update Mexico Cement & Construction BUY Debt to Grow at a Slower Pace Lowering Target Price but Reiterating Buy Gonzalo Fernández* Vivian
More informationHSBC Mexico - A Guide to Consolidated Financial Statements
HSBC MEXICO, S. A. Institución de Banca Múltiple, Grupo Financiero HSBC AND SUBSIDIARIES Consolidated Financial Statements December 31, 2009 and 2008 (With Independent Auditors Report Thereon) (Free Translation
More informationGlossary of Investment Terms
online report consulting group Glossary of Investment Terms glossary of terms actively managed investment Relies on the expertise of a portfolio manager to choose the investment s holdings in an attempt
More informationThomas A. Bessant, Jr. (817) 335-1100
Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME
More informationConsolidated Financial Review for the First Quarter Ended June 30, 2004
Consolidated Financial Review for the First Quarter Ended August 9, 2004 Company Name: Head Office: Tokyo, Japan URL: Stock exchange listing: Tokyo Stock Exchange 1ST Section Code number: 6481 Representative:
More informationTotal domestic volume grew 1.3% Gross profit increased 5.9% Operating income grew 1.7%
Total domestic volume grew 1.3% Gross profit increased 5.9% Operating income grew 1.7% Mexico City, April 21, 2009 Grupo Modelo, S.A.B. de C.V. and Subsidiaries (BMV:GMODELO) ( Grupo Modelo or the Company
More informationActuarial Society of India
Actuarial Society of India EXAMINATIONS November 2004 SUBJECT - 108: Finance and Financial Reporting Indicative Solution S-108 Page 1 of 7 1 D 2 C 3 B 4 D 5 D 6 A 7 B 8 C 9 B 10 D 11 Trade credit is short-term
More informationU.S. EQUITIES: VALUATION & FUNDAMENTALS
LM Market Insight: U.S. EQUITIES: VALUATION & FUNDAMENTALS APR 2016 THIS MATERIAL IS ONLY FOR DISTRIBUTION IN THOSE COUNTRIES AND TO THOSE RECIPIENTS LISTED. PLEASE REFER TO THE DISCLOSURE INFORMATION
More informationMonetary and Financial Trends First Quarter 2011. Table of Contents
Financial Stability Directorate Monetary and Financial Trends First Quarter 2011 Table of Contents Highlights... 1 1. Monetary Aggregates... 3 2. Credit Developments... 4 3. Interest Rates... 7 4. Domestic
More informationWAL-MART STORES INC (WMT) Hypermarkets & Super Centers
WMT Overview Company Performs Well In Fundamental Analysis - MarketGrader currently has a BUY rating on WAL- MART STORES INC (WMT), based on a final overall grade of 61.6 scored by the company's fundamental
More informationEMERSON AND SUBSIDIARIES CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED)
CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED) TABLE 1 Quarter Ended March 31, Percent Change Net Sales $ 5,854 $ 5,919 1% Costs and expenses: Cost of sales 3,548 3,583
More informationFOURTH QUARTER 2011 RESULTS
FOURTH QUARTER 2011 RESULTS Mexico City, February 27, 2012, Minera Frisco, S.A.B. de C.V. ( Frisco, BMV: FRISCO OTC: MSNFY) announced today its results for the fourth quarter and full year 2011. Highlights
More informationChapter 9. The Valuation of Common Stock. 1.The Expected Return (Copied from Unit02, slide 36)
Readings Chapters 9 and 10 Chapter 9. The Valuation of Common Stock 1. The investor s expected return 2. Valuation as the Present Value (PV) of dividends and the growth of dividends 3. The investor s required
More informationFOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.
More informationIndependent auditors report
GRUPO TELEVISA, S.A.B. AND SUBSIDIARIES Independent auditors report México, D.F., April 14, 2014 To the Stockholders Meeting of Grupo Televisa, S.A.B.: We have audited the accompanying consolidated financial
More informationAMÉRICA MÓVIL, S.A.B. DE C.V.
United States Securities and Exchange Commission Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant To Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month
More informationMEXICAN STOCK EXCHANGE
STOCK EXCHANGE CODE: STATEMENT OF FINANCIAL POSITION QUARTER: 2 YEAR: 215 REF AT 3 JUNE 215 AND 31 DECEMBER 214 (Thousand Pesos) ACCOUNT / SUBACCOUNT ENDING CURRENT PREVIOUS YEAR END Amount Amount 1 TOTAL
More informationStudy Guide - Final Exam Accounting I
Study Guide - Final Exam Accounting I True/False Indicate whether the sentence or statement is true or false. 1. Entries in a sales journal affect account balances in both the accounts receivable ledger
More informationInstitutional Money Market Fund
Institutional Money Market Fund July 29, 2015 Prospectus Enclosed Institutional Money Market Fund Prospectus July 29, 2015 As with other mutual funds, the Securities and Exchange Commission has not approved
More informationFactoring in a Weaker Outlook and Introducing 2009 Year-End Target Price
Latin American Equity Research Mexico City, October 30, 2008 Company Update Mexico Conglomerates ALFA BUY Factoring in a Weaker Outlook and Introducing 2009 Year-End Target Price Luis Miranda*, CFA Mexico
More informationto Wealth Management resources of one of the world s largest financial services firms. The Caribbean Group
A Defined Approach to Wealth Management Giving UWI access to the combined resources of one of the world s largest financial services firms. The Caribbean Group The information in this presentation is intended
More informationPhone +52 (55) 12710425 Email gerard_silva@hotmail.com Gerardo Silva Ceballos Resume
Phone +52 (55) 12710425 Email gerard_silva@hotmail.com Gerardo Silva Ceballos Resume Personal Information Nacionality: Mexican citizen Age: 54 years old Birth place: RFC: SICG-590324 IMSS No.:89-80590855-8
More informationFomento Economico Mexicano, S.A.B. de C.V. - SWOT, Strategy and Corporate Finance Report
Brochure More information from http://www.researchandmarkets.com/reports/2261246/ Fomento Economico Mexicano, S.A.B. de C.V. - SWOT, Strategy and Corporate Finance Report Description: Fomento Economico
More informationTYPES OF FINANCIAL RATIOS
TYPES OF FINANCIAL RATIOS In the previous articles we discussed how to invest in the stock market and unit trusts. When investing in the stock market an investor should have a clear understanding about
More informationin Chile and Colombia, mainly under the trademark Cruz Verde and Mexico under different brands such as Farmacon, YZA and Moderna.
Notes to the Consolidated Financial Statements FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. AND SUBSIDIARIES MONTERREY, N.L., MEXICO As of December 31, 2015, 2014 and 2013. Amounts expressed in millions
More informationWalmex. Equity Research. 4Q15 A miss, no signs of operating leverage. BTG Pactual Global Research
Equity Research BTG Pactual Global Research Walmex 4Q15 A miss, no signs of operating leverage Strong topline. EBITDA and earnings ~15% below expectations For 4Q15, Walmex posted a 12.7% y/y total sales
More informationACTIVITY 4.1 READING A STOCK TABLE
ACTIVITY 4.1 READING A STOCK TABLE 1. Overview of Financial Reporting A wide variety of media outlets report on the world of stocks, mutual funds, and bonds. One excellent source is The Wall Street Journal,
More informationConsolidated Financial Summary under IFRS for the fiscal year ending March 31, 2015 (April 1, 2014 - March 31, 2015)
Monex Group, Inc. Consolidated Financial Summary under IFRS for the fiscal year 2015 (April 1, 2014 - March 31, 2015) This is an English translation of Japanese report of the consolidated financial summary
More informationThe Coca-Cola Company and Subsidiaries
Financial Review Incorporating Management s Discussion and Analysis We exist for one reason: to maximize share-owner value over time. To accomplish this mission, The Coca-Cola Company and its subsidiaries
More informationValuation for Mergers and Acquisitions. Prepared By Ooi Kok Hwa MRR Consulting
Valuation for Mergers and Acquisitions Prepared By Ooi Kok Hwa MRR Consulting Agenda This seminar will explain: Various valuation approaches for M&A exercises; Determine the value of target companies as
More informationHerminio Blanco Mendoza
BOARD OF DIRECTORS Tomas Gonzalez Sada, Chairman * Herminio Blanco Mendoza Adan Elizondo Elizondo** Chairman of the Board and Chief Executive Officer of CYDSA. Member of the Board of Directors of Vitro.
More informationWAL-MART STORES, INC. 800-331-0085 www.walmartstores.com/news/
WAL-MART STORES, INC. 800-331-0085 www.walmartstores.com/news/ FOR IMMEDIATE RELEASE Investor Relations Contacts Investor Relations 479-273-8446 Carol Schumacher 479-277-1498 Pauline Tureman 479-277-9558
More informationTHE STOCK MARKET GAME GLOSSARY
THE STOCK MARKET GAME GLOSSARY Accounting: A method of recording a company s financial activity and arranging the information in reports that make the information understandable. Accounts payable: The
More informationGuide to Reformatted Quarterly Financial Data Supplement
Guide to Reformatted Quarterly Financial Data Supplement This guide to the reformatted quarterly financial data supplement is intended to highlight the key changes to the supplement and is not a comprehensive
More informationFinancial Instruments. Chapter 2
Financial Instruments Chapter 2 Major Types of Securities debt money market instruments bonds common stock preferred stock derivative securities 1-2 Markets and Instruments Money Market debt instruments
More informationJosé González de Castejón (787) 759-9094 Ana Calvo de Luis (212) 350-3903 Margie Alvarez (787) 250-3025
Santander BanCorp Press release For more information contact: Puerto Rico New York José González de Castejón (787) 759-9094 Ana Calvo de Luis (212) 350-3903 Margie Alvarez (787) 250-3025 SANTANDER BANCORP
More informationVALIDUS ANNOUNCES 2015 FULL YEAR NET INCOME OF $374.9 MILLION 2015 NET OPERATING RETURN ON AVERAGE EQUITY OF 11.3%
VALIDUS ANNOUNCES 2015 FULL YEAR NET INCOME OF $374.9 MILLION 2015 NET OPERATING RETURN ON AVERAGE EQUITY OF 11.3% BOOK VALUE PER DILUTED COMMON SHARE OF $42.33 AT DECEMBER 31, 2015 Pembroke, Bermuda,
More informationInvestments, Chapter 4
Investments, Chapter 4 Answers to Selected Problems 2. An open-end fund has a net asset value of $10.70 per share. It is sold with a front-end load of 6 percent. What is the offering price? Answer: When
More informationPublic debt management and open market operations in Brazil
Public debt management and open market operations in Brazil Luiz Fernando Figueiredo, Pedro Fachada and Sérgio Goldenstein 1 1. Public debt management An inflation targeting regime was introduced in Brazil
More informationIndustry Report 4Q14
1 Mexico City, February 17, 2015 Figures in this document are stated in millions of Mexican pesos, except where otherwise specified, so that they may vary due to rounding. 99% Introduction This report
More informationSemiANNual REPORT. April 30, 2015 PRLAX. T. Rowe Price. Latin America Fund. The fund invests in Latin American companies.
SemiANNual REPORT April 30, 2015 PRLAX T. Rowe Price Latin America Fund The fund invests in Latin American companies. HIGHLIGHTS Latin American stocks performed poorly in U.S. dollar terms in the six months
More informationWells Fargo Bank, N.A. Collective Investment Funds. annual report
Wells Fargo Bank, N.A. Collective Investment Funds 2014 annual report Table of Contents Page Independent Auditors Report 1 Financial Statements: Statement of Operations 3 Statement of Changes in Net Assets
More informationDisclaimer. commitment. This document may not be photocopied, reproduced and/or distributed in whole or in part,
December 2013 Disclaimer This document has been elaborated as a part of the information policies and transparency of BBVA Continental and contains public information, own source and provided by third parties,
More informationHSBC MEXICO, S. A. Institución de Banca Múltiple, Grupo Financiero HSBC AND SUBSIDIARIES. December 31, 2011 and 2010
HSBC MEXICO, S. A. Institución de Banca Múltiple, Grupo Financiero HSBC AND SUBSIDIARIES Consolidated Financial Statements December 31, 2011 and 2010 (With Independent Auditors Report Thereon) (Translation
More informationETFs as Investment Options in 401(k) Plans
T. ROWE PRICE ETFs as Investment Options in 401(k) Plans Considerations for Plan Sponsors By Toby Thompson, CFA, CAIA, T. Rowe Price Defined Contribution Investment Specialist Retirement Insights EXECUTIVE
More informationAn Introduction to Institutions, Management, & Investments
An Introduction to Institutions, Management, & Investments TEMTH EBITIQM HERBERT B. MAYO The College of New Jersey *\ SOUTH-WESTERN t% CENGAGE Learning- Australia Brazil Japan Korea Mexico Singapore Spain
More informationContents. 1 Peru: Atractive economy and financial system 2 Organization 3 BBVA Continental vs. Peers 4 Social responsibility and Awards 5 Ratings
March 2013 Disclaimer This document has been elaborated as a part of the information policies and transparency of BBVA Continental and contains public information, own source and provided by third parties,
More informationState Street Target Retirement Funds - Class K
The State Street Target Retirement Funds - Class K (the "Funds") represent units of ownership in the State Street Target Retirement Non-Lending Series Funds. The Funds seek to offer complete, low cost
More information4Q15 EARNINGS RELEASE OUTSTANDING DATA
EARNINGS RELEASE Buenos Aires, Argentina, February 10, 2016 Banco Patagonia S.A. (BCBA: BPAT; BOVESPA: BPAT33) reports on the consolidated income of 4th quarter () for financial year 2015. OUTSTANDING
More informationCHAPTER 11 INTRODUCTION TO SECURITY VALUATION TRUE/FALSE QUESTIONS
1 CHAPTER 11 INTRODUCTION TO SECURITY VALUATION TRUE/FALSE QUESTIONS (f) 1 The three step valuation process consists of 1) analysis of alternative economies and markets, 2) analysis of alternative industries
More information26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also: Part 1, 1091)
26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also: Part 1, 1091) Rev. Proc. 2014-45 SECTION 1. PURPOSE This revenue procedure
More informationFrankfurt, June 5th 2009. Goldman Sachs European Financials Conference Mr. Roberto Higuera, CEO
Frankfurt, June 5th 2009 Goldman Sachs European Financials Conference Mr. Roberto Higuera, CEO Disclaimer This presentation has been prepared by Banco Popular solely for purposes of information. It may
More informationThe following 30 questions are drawn from the Claritas supplemental study materials. The format and difficulty level are similar to what candidates
SAMPLE QUESTIONS The following 30 questions are drawn from the Claritas supplemental study materials. The format and difficulty level are similar to what candidates experience on the live Claritas examination.
More informationTomas Gonzalez Sada, Herminio Blanco Mendoza Adan Elizondo Elizondo** Chairman *
Board of DIRECTORS Tomas Gonzalez Sada, Chairman * Chairman of the Board and Chief Executive Officer of CYDSA. Member of the Board of Directors of Vitro. Vice President of the Mexican Institute for Competitiveness;
More informationIMPACT Silver Corp. Interim Consolidated Financial Statements March 31, 2009 Unaudited
Interim Consolidated Financial Statements Statement 1 Consolidated Balance Sheets ASSETS March 31 2009 December 31 2008 Current Cash and cash equivalents $ 5,357,480 $ 5,433,480 Accounts receivable and
More informationBLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC ANNUAL REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2014
BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC ANNUAL REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2014 Investment Approach As an actively managed fund our aim is to outperform comparable funds and the benchmark
More informationRecent Developments and Outlook for the Mexican Economy Credit Suisse, 2016 Macro Conference April 19, 2016
Credit Suisse, Macro Conference April 19, Outline 1 Inflation and Monetary Policy 2 Recent Developments and Outlook for the Mexican Economy 3 Final Remarks 2 In line with its constitutional mandate, the
More informationSCOTT & WHITE RETIREMENT/401(K) PLAN Plan Number 090337 Plan Information as of 05/16/2015
SCOTT & WHITE RETIREMENT/401(K) PLAN Plan Number 090337 Plan Information as of 05/16/2015 This legally required notice includes important information to help you compare the investment options under your
More informationMarket Value Information of Securities (General Account)
Value Information of Securities (General Account) (1) Value of Securities 1) Net Valuation Gain/Loss of Trading Securities Japan Post Insurance does not hold securities for trading as of March 31, 2014
More informationNews from The Chubb Corporation
News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 FOR IMMEDIATE RELEASE Chubb Reports 4th Quarter Net Income
More informationSection I. Investing In Common Stocks
Section I Investing In Common Stocks A corporation is a company that is a separate legal entity owned by stockholders. In other words, the corporation functions like a single person separate from its owners
More informationCorporate Presentation
T R A D I N G C O R P O R A T E F I N A N C E R E S E A R C H A S S E T M A N A G E M E N T December 2015 The content of this documents is only informative and referential. This document has been prepared
More informationMexico: The challenges of capital inflows. Manuel Sánchez, Deputy Governor
Manuel Sánchez, Deputy Governor Adam Smith Seminar, Schloss Spiez, Switzerland, June 26, 2013 Contents 1 Taxonomy of capital inflows 2 Risks and the prevention of problems 3 Economic outlook 2 Like other
More information