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  • Visteon signs lease with Intermex in Chihuahua
  • ASA obtains concession for airport in Puebla
  • Guanajuato Inland Port planning in-bond facilities for air cargo
  • Automotive investment flowing in Queretaro
  • SCT announces investments in Sinaloa for US$375.7 million
  • Construction of maquiladora plants reactivated at Ciudad Juarez
  • Campus for training on aeronautics inaugurated
  • Suppliers park to be built in Tlaxcala
  • Mega-investment may be attracted to NL
  • Zacatecas receives investments for US$134 million
  • Mars reaffirms its investment in Guanajuato
  • Mexico, in Mercedes- Benzís crosshairs
  • France fosters aerospace sector
  • Edomex ranks 3rd in automotive industry in Mexico
  • FedEx inaugurates new logistics center
  • Herdez invests US$42.4 million in sustainable plant
  • Production and exports by automotive industry grow over 5%
  • New maquiladora opened in Matamoros
  • Interest in Utah for investing in Mexico
  • Estapack S.A.P.I. de C.V.
  • 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