GGAL
📉 A significant position in banks, including Galicia, held during 2022-2024, was largely closed out by the fund near the end of 2024, indicating a strategic rotation.
🌊 Galicia is highlighted as the most liquid stock in the Argentine market, making it a key entry point for large foreign investors when they decide to increase exposure.
⚖️ While its valuation relative to regional peers like Brazil is less attractive than before, substantial upside potential remains, heavily dependent on credit market expansion and, crucially, future foreign capital inflows.
@ClaveBursatilTV:
“Regarding the financial sector, the guest notes they were heavily exposed during the first three years of Argentina’s rally (2022, 2023, early 2024) but closed almost the entire position in banks towards the end of 2024. The reason cited was a strategic rotation, although they are convinced banks will rise again when strong foreign investment enters, which hasn’t happened yet on a large scale. This lack of large foreign participation is seen as a factor supporting continued optimism. Comparing valuations to Brazil, banks are no longer seen as particularly cheap, but the upside potential remains interesting, tied to the potential development of the credit market. However, the primary driver for bank stocks is expected to be foreign fund flows. Galicia is specifically mentioned as the most liquid stock (‘el papel más líquido’) in the market. When large foreign funds (‘manos fuertes de afuera’) eventually enter, they will need volume, and banks like Galicia cannot be missing from their portfolios. Despite this, the guest currently prefers other sectors over banks.”
Watch the exact part of the video where @ClaveBursatilTV talks about Grupo Financiero Galicia here:
Watch the video on YouTube
Read more articles analyzing Grupo Financiero Galicia (GGAL) at the provided link. GGAL stock.
