FMX Rises As FEMSA Secures Low-Cost Swiss Bond Funding
Fomento Economico Mexicano S.A.B. de C.V. (FMX) stock rose 4.52% after strong quarterly earnings. The company secured a CHF 300m 5-year bond at 1.73%, improving funding costs. Analysts note FMX's scale in Latin American retail and beverages, with revenue around MXN 782bn, but thin profitability. The stock trades rich on P/E but reasonable on EV/sales, with a 2.2% dividend yield.




