| SONDA - Benefitting from Strong Growth in Latin American IT Services - BUY - Archived |
5/7/2012 |
We initiate coverage on SONDA. This leading an IT service provider in Latin America is growing both organically and through acquisition. Through DCF analysis, we derive a target price of CLP1,700 which implies a 15% upside potential and recommend a BUY rating on the shares.
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| Entel - Chilean Telco Gaining Market Share with Growth Opportunities - BUY - Archived |
4/19/2012 |
Telecom company based in Chile with opportunity to gain market share in broadband as demand remains strong over next couple of years. We initiate coverage with a Buy recommendation.
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| Corpbanca - Smaller Chilean Bank with Good Growth - BUY - Archived |
7/29/2010 |
Corpbanca is a high-quality bank in Chile with good prospects.
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| Forus - Chilean Retailer Transitions to Next Generation - HOLD - Archived |
6/2/2010 |
Forus is a successful and financially strong Chilean retailer. The company is family run and transitioning to the second generation.
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| ENERSIS SA (ENI) - GROWING REVENUES AND PROFITABILITY - BUY - Archived |
3/6/2009 |
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.
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| ENDESA CHILE SA (EOC) – AFTER A VERY GOOD FY08, LOWER COSTS, BETTER HYDROLOGY AND SOLID ENERGY DEMAN - Archived |
2/13/2009 |
Endesa Chile SA (EOC) is an electric generation company with dominant operations in Chile, Colombia, Peru and Argentina with 13,000 MW consolidated installed capacity and a 63% hydro and 37% thermal electric generation mix.
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| DISTRIBUCIÓN Y SERVICIOS (DYS) – FOCUSED ON THE MORE RESILIENT FOOD SEGMENT – BUY - Archived |
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.
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| CENCOSUD SA (CENCOSUD) – AGGRESIVE EXPANSION PLANS MIGHT BACKLASH ON THE COMPANY’S FINANCES – HOLD - Archived |
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.
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| SACI FALABELLA (FALABELLA) – CONSCIOUS GROWTH AND QUALITY MANAGEMENT POISED TO CONTINUE BUSINESS GRO - Archived |
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. |
| ENDESA CHILE SA (EOC) – SOLID FINANCIAL PROFILE, FLEXIBLE COMMERCIAL POLICY AND AGGRESSIVE CAPEX PRO - Archived |
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 - Archived |
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... - Archived |
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 - Archived |
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. - Archived |
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... - Archived |
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 |
| SOCIEDAD QUIMICA Y MINERA DE CHILE SA (SQM) – LITTLE UPSIDE FOR THE STOCK DESPITE SOLID FINANCIALS.. - Archived |
12/20/2007 |
| SOCIEDAD QUIMICA Y MINERA DE CHILE SA (SQM) – LITTLE UPSIDE FOR THE STOCK DESPITE SOLID FINANCIALS AND POSITIVE OUTLOOK FOR THE INDUSTRY – AFFIRMED HOLD |
| 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 |
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