Saturday , July 2 2022

Grupo Aval shares rose to 102%, according to group agents



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Analysts rely on the recovery of the banking sector

Andrés Venegas Loaiza – [email protected]

At the end of the week, the news in the financial sector was the news of Asobancaria president Santiago Castro's stopping the "economic panic campaign", which investors were invited to sell. Stocks in some financial groups are speculating on a predictable stock market crash.

His call comes at a time when the Odebrecht case, where the problems of the Aval Group (the country's largest banking group), led to the stock market being dropped.

However, LR is expected to look at the estimates of species by species and other banking sector's financial analysts, with negative expectations beyond reputation noise in front of any of these actions, and on the contrary, sector banks are expected to receive good air in 2019.

In summary, the shares of the Grupo Aval companies appear to be the best weight analysts have at their target price; So, the favorable share of Corficolombiana, which is under the influence of the scandals, may reach 102% of the current price, while the ordinary share may recover by 91.2%; better projection.

Valores y Valores Equity Analyst Alexandra Cely commented, yap It is correct to create an economic panic in the market with the expectation of the Aval Group Val, but stated that there are better results. They are strong thanks to the financing and the foundations of their companies, so both in the banking sector and others eri are seen as a great opportunity in the medium term. Finans

When asked if the fall in the group's actions caused the industry to infect the industry, Ultraserfinco's autonomy director, Carlos Rodriguez, said, Carlos There are always rumors and rumors on the market, but the fact is that banks are well positioned today, both in past due credit and capitalization levels. ".

In the special case of Grupo Aval, the analyst said that the foundations were stronger than noise, and that "Ruta del Sol has been in Colombia for more than two years and has seen in the results of the companies." ".

Inmar Suárez, a shareholder of Casa de Bolsa, stressed that 2018 is a slowdown year in the portfolio, in a situation that breaks the quality and increases the net profit of banks and affects ROE and the banks' net profit Casa. However, until 2019, the expert estimates that there is a sign of improvement in these factors.

The latest monthly report, announced by the Financial Controller, showed that banks recovered and their assets increased by 10 to 2017 compared to 2017.

& We are supporting the banking sector for the next year by supporting a decrease in portfolio growth and portfolio of up to 8%, because some of the major customers such as Electricaribe are developing public services 8, Rodriguez approved.

Cely, on the other hand, says that "despite the noises, a negative recommendation is not made in full because they are reputable and fundamental, not strong".

Aval Group is the main shareholder and shareholder of Banco Popular and holds 93.70% shares; Banco Av Villas: 79,90%; Banco de Occidente, with a holding of 72.30%; 68.70% of Banco Bogotá; and Porvenir with 20% participation. Corficolombiana is a subsidiary of Banco de Bogotá with a shareholding of 32,93%.

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