Banco Latinoamericano de Comercio Exterior SA (BLX) 銘柄情報

Do you ever short big board stocks?

It certainly is.

Going in the right direction, however i did reduce here a bit for the time being, on some concerns about some of the economic issues facing Brazil, new administration in Washington - Panama canal and tariff issues on Mexico. Hope my concerns are nothing and might add more depending on how 4th quarter looks.

BLX is performing stellar as of late.

Had a very nice time with extended family sir, thank you.

Have a great Christmas holiday Bear!

God Bless bro!

fm

Thank you fine sir.

Have a great Thanksgiving holiday Bear!!

fm

Election day is usually quite volatile in the banking sector. The market hates FUD.

Appreciate the information,..appears to be a nice monthly income play,

however, i'm going to pass on this one. I like the path BLX is on, more then what OXSQ is doing. However i'm waiting a bit, to see what happens on the evening of November 5. Still watching to add more BLX.

Elections often cause uncertainty, which at times is negative for markets.

Take a glance at OXSQ. I'm heavily vested and adding regularly, especially at the current price range.

Yeah, what's with this market?

I won't mind seeing BLX depreciate a bit more, i was raising cash today, and looking to add more BLX.
sold out LTBR
sold out the rest of my beloved OZK common (not OZKAP - those are keepers), still like OZK, but something hasn't been sitting right with me about many things lately, the economy, hurricane damages, real estate, commercial real estate, the election, wars and rumours of war, high interest rate environment, etc.,, i'm just sensing that a volatile correction era could be coming, imo.
sold out all IMTX a while back.

Still like ESPR and TCRX in the biotech space.

Anything new in your world?

Stellar results didn't move the needle at all again. In fact, more minor depreciation.

In the meantime I'll keep stacking outstanding dividends.

Very impressive financial health overall. Excellent growth YOY.

Undervalued still by every metric out there.

Full Report here, Bear

https://www.bladex.com/sites/default/files/2024-10/PR3Q24_Eng_Full%20Report_0.pdf

From page 26: ( of interest)

PER COMMON SHARE DATA:
Basic earnings per share $4.20 $3.28
Diluted earnings per share $4.20 $3.28
Book value (period average) $34.14 $30.53
Book value (period end) $35.61 $31.77

I have to admit, i was slightly concerned with BLX Q3 for various reasons. After reviewing the financials, i like what i see, and this bank is going in the right direction, imo.
I may rotate more into BLX, and perhaps reduce on OZK common.

BLX Q3 Presentation
https://www.bladex.com/sites/default/files/2024-10/3Q24%20Presentation_1.pdf
- nice charts,imo.

BLX: Bladex announces 3Q24 Net Profit of $53.0 Million, or $1.44 per share; annualized return on equity of 16.4% in 3Q24

https://finance.yahoo.com/news/bladex-announces-3q24-net-profit-220100357.html

Another excellent quarter.

Nothing going on ah today.

BLX: BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR THIRD QUARTER 2024

https://finance.yahoo.com/news/bladex-announces-quarterly-dividend-payment-220000174.html

Short lived excitement yesterday.

Yes, earnings ah today.

Nevermind lol.

Appears to be excitement going into today's earnings?

AH? I forgot.

BLX - ah last at $34.72 !!

https://www.nasdaq.com/market-activity/stocks/blx/after-hours

Summth'in up?

Anything new in your world, Bear?

What are your thoughts on BLX upcoming 3rd quarter?

Looks like nuclear stocks are trending,imo. LTBR looks interesting, lower market cap then others in the nuclear sector.
Starter position.

Valid.

If they are able to maintain their dividend of .50 per quarter, coupled with maintaining or growing the EPS, BLX stands a good chance to enter the $35-$40 level, imo.

Rate cuts will help, making dividend yield more attractive, imo. I think that is what is happening with OZKAP.

Hovering back around all time high. Perhaps it will get thru to the next level this year.

BLX: Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) cordially invites you to participate in its upcoming conference call to discuss its 3Q24 results

PRNewsfoto/Banco Latinoamericano de Comercio Exterior, S.A. (Bladex))
Date and time:
Wednesday, October 30, 2024
11:00 a.m. Eastern Time

Presenting for Bladex:
Mr. Jorge Salas, Chief Executive Officer
Mrs. Ana Graciela de Méndez, Chief Financial Officer

Register for the Conference Call
Please click here to pre-register for this conference call.

Bladex's Third Quarter 2024 Earnings Release will be announced on Tuesday, October 29, 2024, after the market closes and will be available on the Bank's corporate website, along with the webcast presentation.

About Bladex:
Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, began operations in 1979 to promote foreign trade and economic integration in the Region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, the United States of America, and a Representative License in Peru, supporting the regional expansion and servicing of its customer base, which includes financial institutions and corporations.

Bladex is listed on the NYSE in the United States of America (NYSE: BLX), since 1992, and its shareholders include: central banks and state-owned banks and entities representing 23 Latin American countries, commercial banks and financial institutions, and institutional and retail investors through its public listing.

Contact Information:
Carlos Daniel Raad – Chief Investor Relations Officer
E-mail address: ir@bladex.com
Tel: +507 210-8563

https://finance.yahoo.com/news/bladexs-third-quarter-2024-conference-120000283.html

Bladex strengthens its team with Sergio Olarte as Chief Economist

https://finance.yahoo.com/news/bladex-strengthens-team-sergio-olarte-110000867.html

Nice day here at BLX +$1.05

AH close at $33.30!

Im seeing PBR as an ADR, and dividends are irregular so I'll have to pass.

Plus not a fan of investing in the oil industry personally.

I actually just recently bought in, post last PBR dividend record date ( Aug.23 if i recall) so haven't received any dividends yet.

I'm anticipating no foreign taxes to be withheld, but will know for sure when PBR issues their next dividend payment. Will advise.

PBR is common stock, (not ADR), so i'm not 100% sure on the dividend foreign tax policy.

Among the recent news regarding PBR, i was particularly pleased with this news here on PBR entering the Brazilian fertilizer industry:
https://finance.yahoo.com/news/petrobras-accelerates-plan-enter-fertilizer-114100924.html


As a point of information, my dividends recieved on BLX had no foreign tax withheld.

Do you pay foreign tax on these dividends?

Always true.

Invested dividends in PBR ( in around $14.50)

Check it out:
https://finance.yahoo.com/quote/PBR/

Not a big fan of Lulu, however he seems to be o.k.
Luv Brazil.

Fundamentals don't lie.

Smart move, nice recovery here.

Adding here with dividend funds.

So true Bear, i like the way you put that.

BLX performed like the market wants and in return - rejection, fickle indeed.

She'll be back, someday with no expectation and the luv takes it higher.

Speaking of which over at ESPR we are all feeling the rejection, but yet the optimism still is there. i don't know sometimes.

What a strange day. Earnings up 35% YOY and the stock takes a bath.

The market is a fickle lover FM ...

Si, that sounds reasonable.

Doubt that will hold, but a meager 10x earnings valuation puts this in the mid 50's range.

WOW! just checked AH last at $35.45!!

(not sure if that will hold, but looks great at the moment!)

I concur, the foray deeper into Mexico is especialemente of interest.

New Mexican President, she is level headed, visionary and i believe she will lead Mexico well with solid economic fundamentals, in the next 6 years, imo. Management at BLX response by expanding deeper into Mexico is very strategic at this juncture, imo.

BLX is one i am holding long term , not trading.

Growth has been steady and sustained. And it's not showing signs of leveling off.

That's a 35% increase YOY.

BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR SECOND QUARTER 2024

https://finance.yahoo.com/news/bladex-announces-quarterly-dividend-payment-220000040.html

Impressive management here, and with their recent announcments, appear to be in a growth phase,imo.

Right on! Bladex announces 2Q24 Net Profit of $50.1 Million, or $1.36 per share; annualized return on equity of 16.2% in 2Q24

https://finance.yahoo.com/news/bladex-announces-2q24-net-profit-220000835.html

Wait, they reported in AH. These numbers rock.

Earnings tomorrow.

BLX: AH Price/Volume on FIRE!!

Last at $35.05 / 31,000 shares traded AH. ( at the moment)

https://www.nasdaq.com/market-activity/stocks/blx/after-hours

BLX: Bladex Continues its Expansion in the Mexican Market

PR Newswire
Mon, Jul 22, 2024, 5:55 PM CDT4 min read

In this article:
BLX
+0.94%
With more than 24 years of experience in Mexico, Banco Latinoamericano de Comercio Exterior (Bladex) is moving forward with its strategy to deepen its presence in the country. The expansion of its new offices, the strengthening of its commercial team and its annual disbursements of almost US$5 billion position Bladex as a key player in the growth of Mexican companies. Bladex has been listed on the New York Stock Exchange since 1992 and has been one of the most active issuers on the Mexican Stock Exchange for more than 12 years.

MEXICO CITY, July 22, 2024 /PRNewswire/ -- To strengthen its presence in the Mexican market, Banco Latinoamericano de Comercio Exterior (Bladex) has undertaken a series of activities to send a clear message of its commitment to the country.

Jorge Guemez – Country Manager of Bladex Mexico, Herminio Blanco - Treasurer of the Board, Miguel Heras - Chairman of the Board of Directors, Angélica Ruiz – Director of the Board, Mario Covo - Director of the Board and Jorge Salas - Chief Executive Officer.
Jorge Guemez – Country Manager of Bladex Mexico, Herminio Blanco - Treasurer of the Board, Miguel Heras - Chairman of the Board of Directors, Angélica Ruiz – Director of the Board, Mario Covo - Director of the Board and Jorge Salas - Chief Executive Officer.
Bladex is a multinational bank that began operations in 1979 with the purpose of promoting foreign trade and economic integration in the region. It has been listed on the New York Stock Exchange (symbol: BLX) since 1992 and its shareholders include central banks, banks, and government entities from 23 Latin American countries, as well as financial institutions, institutional investors and individuals.

For Bladex, Mexico represents nearly 15% of the bank's exposure and is the only country in which it maintains local currency loans, with significant growth in new business, syndications and disbursements, which currently exceed US$5 billion per year.

Miguel Heras, Chairman of Bladex's Board of Directors, emphasizes the bank's commitment to Mexico. "In its 5-year business plan, Bladex has chosen Mexico as a pillar of its growth in the region, strengthening its commercial teams and strategic alliances with partners. We have three Mexican directors on our Board of Directors and have established a strategic alliance with the country's development banks.

"Bladex has a clear strategic focus on growing in the coming years with each of our clients, supported by our shareholders and the enthusiasm of investors who see us as a solid institution with a great future."

In this sense, Bladex expects to grow steadily in Mexico in the coming years, based on its track record of more than 24 years in the country, over 12 years as an issuer on the Mexican Stock Exchange and a broad portfolio of clients from diverse productive sectors such as oil & gas, airlines, manufacturing, financial services and automotive, among others.

Bladex's Board of Directors met in Mexico City on July 15th for the inauguration of its new offices, an event that brought together important personalities from the Mexican business and financial sectors, a clear endorsement of the bank and its growth plan for the coming years in the country.

Jorge Salas, CEO of Bladex, emphasized that "The results of this joint commitment to the Mexican market are evident in the diversified loan portfolio, which has grown by 45% in the last 18 months, adding new clients in the construction, energy, finance, auto parts and project finance sectors, and achieving an all-time record in revenues for Bladex Mexico."

Bladex has completed significant transactions in the country, the most recent of which include leading the acquisition finance of Interceramic for US$665 million, the private securitization of Engen for US$150 million, assisting PEMEX in the refinancing of its US$8.3 billion debt, leading the acquisition finance of Trimex for US$300 million and participating in the first project finance in Mexico with ENGIE's Energía Mayakán, among others. Bladex has also been one of the top 10 most active issuers in the Mexican debt market in recent years.

Jorge Güémez, Country Manager of Bladex Mexico, commented: "Bladex remains firmly committed to helping Mexican companies and industries finance their growth, diversification and regional expansion through our extensive experience and knowledge of the region with names such as Lamosa, Trimex, Pemex, Cemex, etc. We also support the onboarding and expansion of Latin American clients in Mexico, including companies such as Carvajal, Bia Foods and Nubank, among others. The recent agreement with Banco Nacional de Comercio Exterior S.N.C. (Bancomext) will undoubtedly be a catalyst in achieving this goal.

"In addition, we are an active participant in the largest marketplace for vendor invoice discounting in Mexico. We have strengthened our commercial team, developed strategic partnerships, and actively collaborated with various Fintech platforms to expand and diversify our product offering and reach more clients and industries. Mexico has put its trust in Bladex and Bladex has trusted Mexico."

On July 24, Bladex will hold its traditional market call to present its second-quarter results. "We have had great support from investors and analysts who have begun to follow our performance and continue to recommend buying our stock," concluded Jorge Salas.

Contact:
Jorge Guemez – Country Manager of Bladex Mexico
E-mail address: jguemez@bladex.com
Tel: + 52 (55) 5280-0822

Book Value March 31/24 = $33.71

https://www.sec.gov/Archives/edgar/data/890541/000162828024017185/bancolatinoamericano6-k.htm

(see page 16)


AH Close July 19/24 = $33.71

AH price on FIRE!!

Last at $33.71