The announcement was made during the CEO Dialogue, an event in which the Mexican government, led by President Claudia Sheinbaum and the Secretary of Economy, Marcelo Ebrard, met with businessmen from Mexico and the United States in CDMX.
“These companies are in sectors in which the new government has indicated its willingness for private investment to actively participate,” said Marco Antonio Montañez Torres, director of investment analysis and strategy at Vector Casa de Bolsa.
“That Pemex gives this opening so that joint investments can be made (private companies) can bring positive things for the Mexican economy,” said Humberto Calzada, chief economist of Rankia Latin America, in reference to the alliance between Woodside Energy and Petróleos. Mexicans.
“The investment announcements are also considered very positive, as they generate optimism and expectations of greater job creation and increased investment, which would boost Mexico’s economic growth,” said Banco Base.
The potential
Investments exceed $20 billion in sectors in which analysts see potential for Mexico: energy, tourism, infrastructure and technology.
“Royal Caribbean has grown a lot, especially in the last two years, the stock market is at historic highs,” so it is “positive that a company of this size wants to invest in the country,” said Calzada.
On the energy issue, Montañez Torres added, “Mexico is an attractive destination for this type of company, particularly due to the energy needs that our country has for its long-term development and growth.”
Royal Caribbean, which will invest 1.5 billion dollars in Quintana Roo, has a market capitalization of 52.11 billion.
The market value of Woodside Energy, which Humberto Calzada referred to as a “large company in the United States,” is $32 billion.
“If the projects come to fruition and we begin to see income in the company (Woodside Energy) and these investments work, it could be an opportunity to buy (shares). It has a more attractive valuation, at $16 per share” and “they could reach an amount around $26,” he added.
Amazon is one of Wall Street’s Magnificent Seven, its market value this year exceeding $2 trillion.
Not so optimistic
Although they highlight the importance of building bridges of communication between the government, companies and society, there are voices that are somewhat cautious regarding this Tuesday’s announcement.
“It is one thing to announce or estimate how much the investment amount will be for the coming years, but another thing is for it to materialize, and that has to do with the security that investors may have when making said investments in our country,” commented José Domingo Figueroa Palacios, national president of the Mexican Institute of Finance Executives (IMEF).
He added that as long as uncertainty exists due to judicial reform and the elimination of autonomous bodies advances, “even more uncertainty will be created and, therefore, we consider that it could continue to be an important brake on investment.”
Despite the initial investment announcements, “we cannot consider that a fact until new investment begins to flow,” added Víctor Manuel Herrera Espinosa, vice president of the National Committee of Economic Studies of the IMEF.
With information from Patricia Tapia and Dainzú Patiño.
