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    CHDRAUI B   MX01CH170002

GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V.

(CHDRAUI B)
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Grupo Comercial Chedraui B de C : Mexico City cuts shopping hours in center to combat coronavirus

12/12/2020 | 07:23pm EDT

MEXICO CITY, Dec 12 (Reuters) - Mexico City's government on Saturday said shops in the center of the capital and other busy areas would temporarily have to close at 5 p.m. to reduce the risk of coronavirus infection as authorities battle a surge in cases.

Mayor Claudia Sheinbaum says the city is now in a state of "emergency" but like President Andres Manuel Lopez Obrador, she has opted not to impose binding restrictions, instead urging residents to stay at home and reduce their socializing.

Mexico City and its metropolitan area is the epicenter of the pandemic in Mexico, and new infections of coronavirus have reached record levels in recent weeks, with the government forecasting things will continue to get worse until January.

On Saturday, the city government said that under the containment measures, in the historic center "non-essential" stores would have to close at 5 p.m. and shops there affiliated with retail association ANTAD would be shut on Mondays.

The city said non-essential stores would also have to close at 5 p.m. in various other busy areas of the city, including parts of Polanco, Santa Fe and areas in or around Paseo de la Reforma, one of the principal avenues of the megalopolis.

Mexico has so far registered more than 1.2 million cases of COVID-19 and over 113,000 fatalities, the fourth-highest death toll worldwide. Still, officials acknowledge that the true number of infections is likely considerably higher. (Reporting by Dave Graham and Abraham Gonzalez Editing by Nick Zieminski)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. -0.72% 31.77 End-of-day quote.10.47%
ORGANIZACIÓN SORIANA, S. A. B. DE C. V. 2.45% 24.26 End-of-day quote.20.76%
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Analyst Recommendations on GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V.
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Financials
Sales 2021 152 B 7 628 M 7 628 M
Net income 2021 2 673 M 134 M 134 M
Net Debt 2021 36 834 M 1 846 M 1 846 M
P/E ratio 2021 11,4x
Yield 2021 1,40%
Capitalization 30 342 M 1 522 M 1 521 M
EV / Sales 2021 0,44x
EV / Sales 2022 0,38x
Nbr of Employees 51 218
Free-Float 47,7%
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Technical analysis trends GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V.
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 31,77 MXN
Average target price 36,33 MXN
Spread / Average Target 14,4%
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Managers and Directors
José Antonio Chedraui Eguía Chief Executive Officer & Director
Humberto Tafolla Núñez Chief Financial Officer & Administration Director
Alfredo Chedraui Obeso Chairman
Pilar Rojas Suárez Director-Information Technology
Alberto Nava Gutiérrez Chief Operating Officer
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