FEMSA
Industry: Convenience stores and beverages (Coca Cola Femsa)
Defensiveness: Very defensive
Accessible listing: NYSE
Concentration Risk: Low with presence in many countries in Latam.
Growth: Good growth with retail expansion and territory expansion
Link: https://femsa.gcs-web.com/
Quick note: A top quality asset, with Coca Cola distribution in many regions + retail growth
COCA COLA FEMSA
Industry: Well, it says Coca Cola
Defensiveness: Very defensive
Accessible listing: NYSE
Concentration Risk: Low with presence in many countries in Latam.
Growth: Good growth potential with territory expansion but organicly it could be saturated
Link: https://coca-colafemsa.com/en
Quick note: A high quality asset.
GRUMA
Industry: Food (Tortillas)
Defensiveness: Very defensive
Accessible listing: Frankfurt
Concentration Risk: Low with 70% Sales in the USA.
Growth: Sloow growth with territory expansion and price/mix
Link: https://www.gruma.com/en/investors/investors-gruma/news.aspx
Quick note: A good slow growth stock. Does not have a problem to fill demand when it adds capacity. Has some fast growing healthy tortillas and wrap to go beyond ethnic food.
GRUPO BIMBO
Industry: Food (Soft bread)
Defensiveness: Very defensive
Accessible listing: Frankfurt
Concentration Risk: Low with 29% Mexico, 53% North America, 9% Latam, and 9% EMEA.
Growth: Good growth through acquisitions.
Link: https://grupobimbo.com/en
Quick note: A good quality asset, reasonable safe grower but new acquisitions often are not very profitable until country scale is achieved. This requires a long term investment approach, which the management has.