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BAP - Credicorp: Caution Warranted Despite Investor Day Optimism
October, 11 2020 08:08 AM
Credicorp Ltd.
Credicorp unveils a broadly unchanged strategy at its investor day despite the COVID-19 impact. The medium- and long-term targets are lofty, especially if a low-growth/low-rate backdrop persists. At 1.5x book, shares do not seem especially cheap, considering they trade at a premium to better-capitalized LatAm peers. For further details see:
Credicorp: Caution Warranted Despite Investor Day Optimism
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