Login to Digital Content
User:
Pass:
 
Last News
  • Zacatecas, with everything to have an Automotive Cluster
  • Collaboration Agreement entered by the SLP Government and the company BMW, S.A. de C.V.
  • The Mexican and German Ministers of Foreign Affairs inaugurated an industrial plant in Mexico
  • Nemak will invest US$200 million in two plants
  • Embraer will make airplane interiors in Chihuahua
  • Dishon will join the aerospace sector in Queretaro
  • SLP delivers land to BMW for the new plant
  • Nemak will build two factories in Mexico
  • Toyota Mexico will manufacture a new car with US$100 million
  • Aerospace sector in Baja California booming
  • Coca-Cola will invest US$7 billion in this Administration
  • Toyota will invest US$100 million in Mexico
  • Alcom Electronicos invests US$18.3 million in Tamaulipas
  • Coahuila attracts aeronautic companies
  • Investment in Mexican aerospace industry announced
  • First Korean company opens in Guanajuato Inland Port
  • ThyssenKrupp Aerospace will increase aluminum production by 20%
  • 36,700 airplanes will join the air fleet within 20 years due to the 5% increase in air traffic
  • Six suppliers for Audi assembly plant will establish at Tlaxcala
  • Investment in Colon will generate 2,500 jobs
  • Weak outlook for urban developers

    Monterrey, Mexico.- After weak financial results reported for the second quarter by urban developers in Mexico, the industry will most likely have a negative performance in coming quarters, Barclays Capital estimates in a report. Barclays Capital said that generating free cash flow is one of the main objectives to be reached by these companies, which are struggling to fulfill new government regulations on standards to sell homes with a subsidy. Barclays cut down their target price for Homex shares from MXP$54 to MXP$33, while for Geo it went from MXP$21 to MXP$19. For Urbi they are forecasting MXP$12 per share, compared to previous estimates of MXP$27. For ARA, Barclays Capital considers the price per share in the next 12 months will be MXP$5. Barclays Capital said that political uncertainty and unwillingness to support developers will be the main factors for the negative outlook.
    Source: El Norte | Date: 07/08/2012