Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


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

Ripley Rallies as Bice Says Retailer a Favorite: Santiago Mover

Dec. 18 (Bloomberg) -- Ripley Corp SA rose the most in almost eight weeks after local brokerage Bice Inversiones named it one of its favorite stocks on the prospect of higher earnings in 2013.

Shares of Chile’s third-largest department-store operator advanced 2 percent to 465.29 pesos at the close in Santiago, its biggest gain since Oct. 25. The Ipsa benchmark index increased 0.2 percent.

Bice added Ripley to its list of five favorite Chilean stocks and reiterated a buy recommendation on the brokerage’s view that margins in 2013 will improve after inventory problems, a store fire and opening delays sapped profits.

“Despite the accumulation of ’one-time effects’ that are affecting 2012 results, we conclude that Ripley’s shares are undervalued,” analysts Aldo Morales and Rodrigo Jacob said in an e-mailed note.

An improvement in Ripley’s Peru operations and the opening of a mall entirely owned by the company will compensate for the costs of new operations in Colombia, the analysts wrote.

To contact the reporter on this story: Eduardo Thomson in Santiago at

To contact the editor responsible for this story: David Papadopoulos at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.