Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Cencosud Rallies as Credit Suisse’s Top Chile Pick

Cencosud SA rose the most in 18 months after Credit Suisse Group AG named the Santiago-based company as its preferred Chilean retailer, initiating coverage with an “outperform” rating on earnings growth prospects.

Chile’s largest retailer by sales rose 5.2 percent to a record 2,694.3 pesos, the biggest advance since January 2009.

The operator of home-improvement outlets, department stores and supermarkets is Credit Suisse’s top pick among Chilean retailers, analysts Antonio Gonzalez, Vanessa Quiroga and Marcel Moraes wrote in a research note. They rated rivals Empresas La Polar SA “outperform” and SACI Falabella and Ripley Corp SA “neutral.”

“Cencosud took the 2009 crisis as a chance to make a pause on its aggressive expansion phase and emerged as a much stronger operator,” they wrote. “We forecast profitability levels above historic standards for the following years.”

La Polar increased 1.3 percent, Ripley gained 1 percent and Falabella climbed 0.9 percent. Chile’s Ipsa index gained 0.2 percent.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.