Good report

The actions of Gruma gained 4.33% this Thursday in the Mexican Stock Exchange, reaching a price of 229.18 pesos each, after presenting its report on the third quarter of the year the day before, in which it reported on better sales in the United States and that the increase in the price of corn flour will boost its income from the fourth quarter of this year.

Between last July and September, higher corn prices and inflation had an impact on their cost of sales, which rose 7 percent.

For this reason, executives of the largest producer of corn flour and tortillas in the world will evaluate whether next year they will increase the price of their products in Mexico, as long as inflation remains high. In addition, they will continue to observe the evolution of the price of corn, its main input, as well as the demand in China.

The titles of the platform to carry out electronic transactions, PayPal, fell 5.86% this Thursday on the NASDAQ, standing at 243.21 dollars per share, while the creative platform, Pinterest, closed with a decrease of 2.12% to 61.35 dollars per share, on the Stock Exchange New York (NYSE).

The above, after PayPal announced on Wednesday that it is in talks for the possible acquisition of Pinterest.

The transaction is planned for 45,000 million dollars and what PayPal seeks is to capture the electronic market, through this acquisition, since for the firm it would mean growth and diversification in its income through advertising sales.

Blast furnace de México (AHMSA) analyzes the possibility of resorting to the protection of Chapter 11 of the Bankruptcy Law in the United States to avoid complying with the reparatory agreement that it negotiated with the government of Mexico for the sale of the Agro Nitrogenized fertilizer plant in 2013, as reported by The Wall Street Journal.

The request for protection under US law would also allow the country’s largest steelmaker to sell part or all of its business.

AHMSA committed the payment of more than 216 million dollars, which, at the consideration of the Mexican government, the state company Petróleos Mexicanos (Pemex) paid a surcharge for the fertilizer plant.

The agreement allowed Alonso Ancira, president and main shareholder of the company, to obtain his freedom after a couple of months in prison in the North Prison, accused of his alleged participation in the crimes of money laundering, as well as his links for alleged bribery involving Emilio Lozoya Austin, former CEO of Pemex during the administration of former President Enrique Peña Nieto.

The next This week the campaign for the Prevention of Breast Cancer will start, which is organized by the Walworth Group, where employees under 40 years of age of said company will receive free breast and pelvic ultrasounds, which will be carried out within its own facilities .

This firm, which is a manufacturer of industrial valves with endorsement in the energy sector, already has about 179 years of experience, which positions it as one of the oldest companies in the world and whose products have the highest standards of quality and adherence to international standards.

Monex House de Bolsa announced that only 20% of the issuers listed on the Mexican Stock Exchange have published their quarterly report, but of that figure 42% has exceeded analysts’ expectations.

Among them are Gruma and Vesta, which increased their operating cash flow by 8 and 23.1%, respectively, above expectations.

Likewise, 28.6% have reported online as Liverpool and City Hotels, while another 28.6% are below expectations, as is the case with Nemak (-34.7%) and Axtel (-23%).