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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  GMéxico Transportes, S.A.B. de C.V.    GMXT *   MX01GM1Z0019

GMÉXICO TRANSPORTES, S.A.B. DE C.V.

(GMXT *)
  Report  
End-of-day quote. End-of-day quote Mexican Stock Exchange - 11/15
24.94 MXN   -1.62%
2018Businesses turn up heat on Mexican government over crime surge
RE
2018Miner Grupo Mexico blames freight train derailments on 'sabotage'
RE
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Businesses turn up heat on Mexican government over crime surge

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05/28/2018 | 09:13pm EST
FILE PHOTO: A police cordon that reads

MEXICO CITY (Reuters) - Mexican business leaders called out the government on Monday over a recent wave of criminal activity that has terrorized large swaths of Latin America's second-largest economy and led some prominent firms to cut back operations.

Two of Mexico's top business groups urged the administration of President Enrique Pena Nieto and the candidates hoping to succeed him in a July 1 election to stem the violence and robberies, which they say are putting workers' lives at risk and hurting investment.

"The high levels of violence have become the greatest obstacle to (economic) activity," Mexico's powerful CCE business lobby said in a statement.

Tens of thousands of people have been killed in turf wars between drug cartels and their clashes with security forces since former President Felipe Calderon sent in the military to crush the gangs soon after taking office at the end of 2006.

In recent weeks, dairy producer Grupo Lala shuttered a distribution centre in the northern state of Tamaulipas and the world's biggest Coke bottler, Coca-Cola Femsa, indefinitely shut down a 160-employee distribution centre in southwestern Guerrero state.

Canada's Pan American Silver Corp was the latest to act, saying on Monday it would reduce operations and suspend staff movements at its Dolores silver mine in the border state of Chihuahua because of recent security incidents.

Companies risk extortion, theft, attacks on their logistics chain and physical assault on their employees, according to the American Chamber of Commerce of Mexico (AmCham).

"The impact of corruption, public insecurity, an inadequate justice (system) definitely impacts the cost of investment," while fear of crime even keeps some executives from coming to Mexico, said Luis Gerardo del Valle, AmCham Mexico's head of tax affairs.

Train and truck freight thefts have jumped as criminals employ more sophisticated methods.

Last week, miner and infrastructure firm Grupo Mexico said seven freight train derailments between the port of Veracruz and central Mexico were due to "sabotage" and would cost the company 312 million pesos (12.03 million pounds).

Mexican industry association Canacintra estimates that small and medium-sized companies spend the equivalent of 6 percent of their income on security, double what they did a decade ago.

'WE CAN'T KEEP WAITING'

Mexican employers' federation Coparmex called on the government to stop waiting until the election was over.

"Time is running out for this government, as is the public's patience. We can't keep waiting. This is the last call," Coparmex said in a statement.

Pena Nieto took office in December 2012 promising to get a grip on gang violence and lawlessness. After some initial progress, the situation deteriorated and killings hit their highest level on record last year.

The president's office had no immediate response to a request for comment.

Pena Nieto is constitutionally barred from seeking re-election, and the prospects of his Institutional Revolutionary Party (PRI) retaining power look grim. PRI candidate Jose Antonio Meade has been running third in nearly all opinion polls.

The principal beneficiary has been leftist Andres Manuel Lopez Obrador, who has built up a strong poll lead on the back of widespread disenchantment with the PRI over corruption and rising violence, as well as sluggish economic growth.

But Lopez Obrador has also faced criticism for floating a possible amnesty for criminals to restore order.

In a thinly veiled jab at Lopez Obrador, the CCE said: "While it is true that violence is not solved by violence, it is also true that crime is not ended by forgiveness or calls to Mass."

(Reporting by Anthony Esposito and Sharay Angulo; Additional reporting by Stefanie Eschenbacher; Editing by Dave Graham and Peter Cooney)

By Anthony Esposito and Sharay Angulo

Stocks mentioned in the article
ChangeLast1st jan.
COCA-COLA FEMSA SAB DE CV 0.20% 113.13 End-of-day quote.370.04%
GMÉXICO TRANSPORTES, S.A.B. DE C.V. -1.62% 24.94 End-of-day quote.-1.09%
GRUPO LALA, S.A.B. DE C.V. 0.71% 18.41 End-of-day quote.-13.32%
PAN AMERICAN SILVER CORP. 0.00% 24.32 Delayed Quote.20.17%
SILVER -0.30% 16.94 Delayed Quote.9.93%
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Latest news on GMÉXICO TRANSPORTES, S.A.B
2018Businesses turn up heat on Mexican government over crime surge
RE
2018Miner Grupo Mexico blames freight train derailments on 'sabotage'
RE
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Financials (USD)
Sales 2019 2 543 M
EBIT 2019 711 M
Net income 2019 310 M
Debt 2019 1 433 M
Yield 2019 4,78%
P/E ratio 2019 17,2x
P/E ratio 2020 12,9x
EV / Sales2019 2,66x
EV / Sales2020 2,45x
Capitalization 5 333 M
Chart GMÉXICO TRANSPORTES, S.A.B. DE C.V.
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GMéxico Transportes, S.A.B. de C.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends GMÉXICO TRANSPORTES, S.A.B
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 1,56  $
Last Close Price 1,30  $
Spread / Highest target 58,2%
Spread / Average Target 19,9%
Spread / Lowest Target 0,49%
EPS Revisions
Managers
NameTitle
Alfredo de Jesús Casar Perez General Manager & Director
Germán Larrea Mota-Velasco Chairman
Hugo Rafael Gómez Díaz Gómez Director & Operation Director
Claudia Abaunza Finance Director
Fernando López Guerra Larrea Director & General Director-Administration
Sector and Competitors
1st jan.Capitalization (M$)
GMÉXICO TRANSPORTES, S.A.B. DE C.V.-1.09%5 323
UNION PACIFIC26.43%122 367
CANADIAN NATIONAL RAILWAY COMPANY22.14%67 023
CSX CORPORATION15.63%55 687
NORFOLK SOUTHERN CORPORATION27.70%49 821
CANADIAN PACIFIC RAILWAY LIMITED30.31%33 181