With the economies of Brazil and Mexico growing at solid rates and likely to continue doing so for some time, there are a sizeable number of high-quality Latin American stocks to buy now. Moreover, both economies are rapidly becoming more technologically advanced in general and adopting fintech in particular.
Grupo Aeroportuario del Sureste posted good Q2'24 earnings; while traffic was down in Mexico, aerospace revenue still grew 24% and per-passenger non-aero revenue continues to improve. Sureste faces less exposure to engine issues with major Mexican carriers and potential government policy changes, but macro risks to tourism are still present in the near-term. Concession operators saw a sell-off after the Mexican elections; while there are risks that the government will worsen the terms of concessions, they remain vital parts of the economy.
Grupo Aeroportuario del Sureste, S. A. B. de C.