New Peruvian ADS: Grana y Montero S.A.A.

GRAM-logo

Lima,Peru-based Grana y Montero is the latest Peruvian company that started trading on the NYSE on July 24th, 2013 under the ticker GRAM. This holding company operates in four business segments: Engineering & Constructions, Infrastructure, Real Estate and Services.

The company’s successful IPO raised about $413 million by selling about 19.5 million ADS (American Depository Shares) at $21.13 per ADS. Each ADS represent five common shares.

From the company website:

Graña y Montero is a group of 23 engineering and infrastructure service companies operating in 7 countries in Latin America, with more than 4,500 professionals and over 9,500 employees.

Graña y Montero was founded in 1933 by three engineers. In 1997 it was listed on the Lima Stock Exchange.

After reaching as low as $18.74 since the listing, the stock price for GRAM ended at $20.79 on Friday.

Please visit Grana y Montero’s investor website for more information.

Disclosure: No Positions

The Five Best and Worst Performing Exchange-listed Latin American Stocks YTD

The Five Best-Performing Exchange-listed Latin American Stocks YTD are listed below:

1.Company: Gruma SAB de CV (GMK)
Current Dividend Yield: N/A
YTD Change: 84.88%
Country: Mexico

2.Company: Telecom Argentina (TEO)
Current Dividend Yield: 4.54%
YTD Change: 70.21%
Country: Argentina

3.Company: Industrias Bachoco (IBA)
Current Dividend Yield: 1.38%
YTD Change: 44.73%
Country: Mexico

4.Company: Maxcom Telecomunicaciones (MXT)
Current Dividend Yield: N/A
YTD Change: 41.95%
Country: Mexico

5.Company: Edenor (EDN)
Current Dividend Yield:N/A
YTD Change: 38.46%
Country: Argentina

The Five Worst-Performing Exchange-listed Latin American Stocks YTD are listed below:

1.Company: Latam Airlines Group (LFL)
Current Dividend Yield: 0.08%
YTD Change: -38.12%
Country: Chile

2.Company: Soc. Quimica y Minera de Chile (SQM)
Current Dividend Yield: 3.20%
YTD Change: -45.35%
Country: Chile

3.Company: Oi SA (OIBR)
Current Dividend Yield: -54.88%
YTD Change: 16.68%
Country: Brazil

4.Company: Compania de Minas Buenaventura (BVN)
Current Dividend Yield: 4.13%
YTD Change: -67.71%
Country: Peru

5.Company: Desarrolladora Homex (HXM)
Current Dividend Yield: N/A
YTD Change: -80.69%
Country: Mexico

Note: Dividend yields and YTD changes noted are as of Sep 13, 2013. Data is known to be accurate from sources used.Please use your own due diligence before making any investment decisions.

Disclosure: No Positions

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