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MEXICO

4 defensive stocks listed

Large country in North America, with a large sophisticated economy, despite security challenges. Mexico has some interesting companies listed in the US.

Mexico: Accessibility Policy

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

Mexico: Text

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.

Mexico: Text

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.

Mexico: Text

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.

Mexico: Text
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