- FEMSA had a modestly better than expected fourth quarter, as business trends improved from the third quarter despite renewed restrictions in December.
- The launch of the spin digital wallet product by OXXO could have a meaningful impact on the business given the sheer volume of financial transactions OXXO handles.
- Management is shifting the OXXO store base some, but still planning significant growth in 2021 both in and out of Mexico.
- FEMSA ADRs look undervalued below $90.
For further details see:
FEMSA Remains Meaningfully Undervalued On Post-Pandemic Normalization