Monday , May 29 2023

The Group's Aval shares may be a drop of 102%, according to commission agents


Analysts tend to recover in the banking sector

Andrés Venegas Loaiza – [email protected]

At the end of the week, in the financial sector, the president of Asobancaria's call, Santiago Castro, convened a "terror economic campaign". Financed by certain financial groups to predict the stock market crash.

The official announcement at that time was that the Aval Group companies (the largest bank in the country), with the Odebrecht case, had the shares to fall into the stock market.

However, LR looked at the forecasts of the species to deal with other groups of the group's species and financial analysts, and in the face of one of these actions there is no negative expectation, no noise but no benchmark, sector banking expects a good future in 2019.

In sum, the shares of Grupo Aval companies appear as the species that gave the highest weight of their target price; So far, Corficolombian, the scandal-driven principals, 102% would pass through current prices, and ordinary shares could be 91.2%; better projection

Alexandra Cely, a shareholder in the Valores y Valores analysts, said "it is true that the economic panic created with the hope of a Aval Group market," has shown that better financial and business are crucial thanks to the banking sector and others Some "are seen as a great opportunity in the medium term".

According to Carlos Rodríguez, Director of Ultraserfinco Heritage, "there is always rumors and gossip in the market, but the reality is that banks are now well positioned at the debt level and also at the capitalization level."

The analyst added that the Aval Group demonstrates the bases that prove to be more powerful than the noise, in terms of "the Ruta del Sol over two years in Colombia and the results of the company's results. Cancellations are essential for the media risks."

Omar Suárez, the capital stockholder of Casa de Bolsa, underlined the debt portfolio of 2018 as a "slowdown in the quality and ROE and net profit provision costs increased". However, the specialist expects that in 2019 the expected improvement of signaling of these factors will be expected.

Specifically, the last month's report on the Financial Superintendent shows that banks are recovering, and eight of those organizations have increased profits in relation to 2017.

"We are recommending the banking sector to the next year, a faster growth of 8% portfolio and a decline in the lower percentage of the past, due to the fact that large customers such as Electricaribe, such as Electricaribek improvement services," confirmed Rodriguez.

On the other hand, Cely said "despite the noise, the negative recommendation is not exactly these rebuffs, and not solid foundations."

Aval Group is the principal shareholder and holder of Banco Popular, with a share of 93.70%; Banco Av Villas, 79.90%; Banco de Occidente, with 72,30% stake; Banco Bogotá, 68.70%; and Porvenir, where it has a 20% stake. Corficolombiana Corporation is a subsidiary of Banco de Bogotá, 32.93% of its stake.


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