Chile - Riedel Research


		Chile

Country Information

Country:

Chile

Capital:

Santiago de Chile

Currency:

Peso Chileno

See Country Facts and Culture

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Recent Reports

SACI FALABELLA (FALABELLA) – CONSCIOUS GROWTH AND QUALITY MANAGEMENT POISED TO CONTINUE BUSINESS GRO	12/15/2008
We view FALABELLA as one of the best managed retailers in the region. The Company shows a strong consolidation in all its business units, a conscious and selective expansion into other countries and an appropriate diversification process of its business.
DISTRIBUCIÓN Y SERVICIOS (DYS) – FOCUSED ON THE MORE RESILIENT FOOD SEGMENT – BUY	12/15/2008
We see a more challenging competition environment for the Chilean retail segment, especially for food retailers trying to sustain past growth and returns in their home market. We continue to see structural hurdles like high penetration in a consolidated market, credit card businesses under pressure and strong competitive environment as new players come into the field.
CENCOSUD SA (CENCOSUD) – AGGRESIVE EXPANSION PLANS MIGHT BACKLASH ON THE COMPANY’S FINANCES – HOLD	12/15/2008
We believe that CENCOSUD’s low prices are, to a great extent, the evidence of high economic and political risks in Argentina. We deeply believe that the recent nationalization of private pensions will bring a slower than predicted economic growth that will be reflected on CENCOSUD’s lower sales in Argentina. Thanks to the willingness of diversification and an aggressive expansion plan to Brazil (Gbarbosa) and Peru (Wong) over the last year, contribution from Argentina to its consolidated operating profit has been reduced from 35.1% in FY06 to 28.1% in 9M08.
ENDESA CHILE SA (EOC) – SOLID FINANCIAL PROFILE, FLEXIBLE COMMERCIAL POLICY AND AGGRESSIVE CAPEX PRO	11/28/2008
Endesa Chile SA (EOC) is an electric generation company with dominant operations in Chile, Colombia, Peru and Argentina with 12,897 MW consolidated installed capacity and a 62% hydro and 38% thermal electric generation mix.
ENERSIS SA – GREAT GROWTH OPPORTUNITY IN THE LATAM ENERGY SECTOR SIGNIFICANTLY UNDERVALUED	10/3/2008
Enersis SA (ENI) is one of the largest electricity companies in the region, engaged in the generation, transmission and distribution of electricity in Chile, Argentina, Brazil, Colombia and Peru.
ENERSIS SA (ENI) – BEST WAY TO PLAY POSITIVE TREND ON LATIN AMERICAN ENERGY SECTOR; 1Q08 BETTER...	4/29/2008
ENERSIS SA (ENI) – BEST WAY TO PLAY POSITIVE TREND ON LATIN AMERICAN ENERGY SECTOR; 1Q08 BETTER THAN EXPECTED – BUY
ENDESA CHILE SA (EOC) – UPDATE; 1Q08 ABOVE OUR FORECAST SHOWING SOLID EARNINGS GROWTH – HOLD	4/25/2008
ENDESA CHILE SA (EOC) – UPDATE; 1Q08 ABOVE OUR FORECAST SHOWING SOLID EARNINGS GROWTH – HOLD
FALABELLA SA (FALABELLA) – NEWS FLASH: CHILE'S ANTI-MONOPOLY TRIBUNAL DID NOT APPROVE FALABELLA AND.	2/12/2008
FALABELLA SA (FALABELLA) – NEWS FLASH: CHILE'S ANTI-MONOPOLY TRIBUNAL DID NOT APPROVE FALABELLA AND DYS MERGER
FALABELLA SA (FALABELLA) – STRONG MARKET SHARE AND POSITIVE PROSPECTS AND SYNERGIES BUT FULLY...	1/18/2008
FALABELLA SA (FALABELLA) – STRONG MARKET SHARE AND POSITIVE PROSPECTS AND SYNERGIES BUT FULLY VALUED; CONSIDERING THE FULFILLMENT OF THE FALABELLA & DYS MERGER – WE INTIATE OUR COVERAGE WITH A HOLD
CENCOSUD SA (CENCOSUD) – $8 BN COMPANY WITH STRONG FINANCIALS BUT GROWING COMPETITION AFFECTING... - Archived	12/20/2007
CENCOSUD SA (CENCOSUD) – $8 BN COMPANY WITH STRONG FINANCIALS BUT GROWING COMPETITION AFFECTING PROFITABILITY; FAVORABLE PROSPECTS ALREADY DISCOUNTED BY THE MARKET – DOWNGRADE TO SELL
DISTRIBUCION Y SERVICIO SA (DYS) – MERGER WITH FALABELLA GENERATES SIGNIFICANT SYNERGIES ADDING... - Archived	12/19/2007
DISTRIBUCION Y SERVICIO SA (DYS) – MERGER WITH FALABELLA GENERATES SIGNIFICANT SYNERGIES ADDING VALUE – UPGRADED TO HOLD
EOC – SOUND FINANCIAL PROFILE AND POSITIVE MARKET SCENARIO BUT ALREADY DISCOUNTED BY RECENT RALLY.. - Archived	12/19/2007
EOC – SOUND FINANCIAL PROFILE AND POSITIVE MARKET SCENARIO BUT ALREADY DISCOUNTED BY RECENT RALLY – DOWNGRADED TO SELL
ENI – STRONG FINANCIAL PERFORMANCE SUPPORTED BY FAVORABLE MARKET CONDITIONS; SCENARIO LIKELY... - Archived	12/19/2007
ENI – STRONG FINANCIAL PERFORMANCE SUPPORTED BY FAVORABLE MARKET CONDITIONS; SCENARIO LIKELY TO CONTINUE – AFFIRMED BUY

Coverage
Cencosud SA (CSUD.SA)	Add to my Watch List
Distribucion Y Servicios SA (DYS)	Add to my Watch List
Endesa-Chile SA (EOC)	Add to my Watch List
Enersis SA (ENE.SN)	Add to my Watch List
Falabella SA (FAL.LM)	Add to my Watch List