Ukwehlulwa okhethweni kukahulumeni okhona manje e-Argentina kuholele ekuweni kwemakethe yamasheya aseMelika ngamandla amakhulu. Esikhathini esisodwa cishe i-10% isele, ngokuwa kuyo yonke imikhakha nalapho kubuye kwabakhona ukwethuka kubatshalizimali abancane nabaphakathi nendawo base-Argentina. Kepha ubudlelwane bayo nezomnotho waseSpain bukhulu kakhulu futhi manje okunye ukwesaba okuvelayo ukuthi kuzothinta kanjani amanani wezimali zaseSpain ezivezwe kule ndawo ebalulekile yendawo.
Ukuthi bangahle bahlushwe kakhulu ngamanani abo uma lokhu kwehla kukhona ushintsho lokugcina lukahulumeni e-Argentina. Eqinisweni, inkomba ekhethiwe yemakethe yamasheya yaseSpain, i-Ibex 35, ibe ngesinye sezindawo ezishayeke kakhulu ezwenikazi laseYurophu. Ngaphezulu kwezikhwama zaseFrance, zesiNgisi noma zaseJalimane. Kungaba yisiphazamiso esisha kubatshalizimali abancane nabaphakathi ezweni lethu. Kunoma ikuphi, kukhona iqiniso elicace bha futhi lokho kungukuthi Ukuhlulwa kukaMacri e-Argentina ubungozi bokungakhokhi isikweletu sebudubule bangena kuma-75%. Ucezu lolwazi olukhuluma ngokusobala kakhulu mayelana neqiniso elingase livele ezimakethe zezimali kusukela manje kuqhubeke.
Kunoma ikuphi, lokhu kusha futhi kulokhu amafu angalindelekile ngaphezulu kwezintshisekelo zabatshalizimali. Ikakhulu, zingathinta izinyanga zasekwindla, okuwusuku olubekelwe ukubamba ukhetho e-Argentina. Ngokuguquka okungalindelekile okuzoba nemiphumela emibi ezimakethe zaseLatin. Kufinyelela ezingeni ongaba nalo ukulungiswa kwentengo okusha kwamasheya ezokuphepha athintwe yilokhu kuvezwa kuleli. Kulokho okulungiselelwe njengesimo esiphazamisayo sabenzeli bezezimali.
Amanani avezwe e-Argentina
Kukhona iqiniso elicace bha elisusa konke ukungabaza nokuthi kuhlala eqinisweni lokuthi iSpain iyaqhubeka nokuba yiyona umtshali-zimali wesibili ezweni ngemuva kwe-US. Ngokuya ngemininingwane yakamuva evela kwa-Icex, iTelefonica njengamanje isekela ukutshalwa kwezimali okukhulu kunakho konke eSpain ezweni, ngomklamo wama-euro ayizigidi ezingama-2.200, kulandele iBanco Santander, ngezigidi eziyi-1.800, neGesi Yemvelo, nezigidi ezingama-400. Kepha kukhona nezinye izinqolobane ezincane ezingaba nomthelela kulesi simo esingaba khona.
Konke lokhu, ngaphakathi kwesimo ezimakethe zezimali ezingamemezi ithemba. Njengoba i-Ibex 35 icwiliswe phansi, okungenani esikhathini esifushane, okungayithatha ukuvakashela amazinga wamaphoyinti angama-8.200 ezingeni eliphansi kakhulu kulo nyaka. Ngakho-ke, qaphela kakhulu uma uzovula izikhundla ezimakethe zamasheya zaseSpain ngoba ungaba nezinye izimanga ezingezinhle kusukela manje kuqhubeke. Emasontweni ambalwa lapho kucindezelwa ukuthengisa kucaciswa kahle kumthengi, yize kunevolumu ephansi kakhulu yokuthola izinkontileka.
Amabhange aseSpain azothinteka
Akungabazeki ukuthi umkhakha wamabhange kungenzeka uthinteke kakhulu ukwehlulwa ngokhetho kukahulumeni okhona e-Argentina. Hhayi ngeze, izinhlangano ezimbili ezinkulu, I-BBVA ne-SantanderBanokuchayeka okuqinile kuleli zwe laseMelika. Emizuzwini embalwa yalabo abangahambi ezimeni ezihamba phambili. Ngokuwa okubaluleke kakhulu ezimakethe zezimali zikazwelonke nokuholele ekuhwebeni kwabo emazingeni ama-4,40 nama-3.50 euros ngesabelo ngasinye, ngokulandelana. Kepha izinto zibucayi ukuguquka zibe zimbi uma kwenzeka ushintsho kuhulumeni lwenzeka e-Argentina. Ngokwesaba okukhulu phakathi kwabatshalizimali abancane nabaphakathi asebevele bathatha izikhundla kulezi zivikeleko.
Ngenkathi ngakolunye uhlangothi, kungakhohlwa ukuthi womabili amaqembu ezezimali aqophe ukulahleka okukhulu ngonyaka owedlule ngezinsizakalo zawo e-Argentina. Iqiniso ngokungangabazeki elingasibhebhethekisa isimo salawa mabhange ezimakethe zezimali. Ngaphandle kokunye ukucatshangelwa kobuchwepheshe futhi mhlawumbe futhi kusukela ekubukeni kwezisekelo zayo. Noma kunjalo, Iziphakamiso okufanele zibhekwe ukuze ungenzi amaphutha isu lokutshala imali kusuka manje kuqhubeke.
Telefónica esweni lesiphepho
Ngenxa yesimo sezomnotho sase-Argentina kanye nokulinganiswa okunikeziwe, inkampani yezokuxhumana yezingcingo ingaba elinye inani le-bearish lokhu kuwa. Kusuka kuma-euro angu-6,50 lapho kubhalwe khona njengamanje futhi lokho kungaholela ekuhwebeni ngisho nangaphansi kwama-euro ayisithupha ngesabelo ngasinye. Yize kungenye yamagugu emakethe yamasheya aseSpain ethula i isivuno sesabelo esingcono, ikakhulukazi u-6,3% futhi ofanele kakhulu abatshalizimali abancane nabaphakathi nendawo abavikela kakhulu noma abalondolozayo.
Ngakolunye uhlangothi, akukufanele neze ukuhlanganisa iphothifoliyo yethu yezokuphepha ezinyangeni eziyisithupha ezizayo ngenxa yokungabaza okuningi okuveliswa yilolu hlobo lotshalo-mali. Ngalo mqondo, awukwazi ukukhohlwa ukuthi esikhathini esifushane esedlule ngangikhona ukuhweba eduze kakhulu nesithiyo se-9 euro. Ngamanye amagama, yehle ngamaphesenti angama-35%, nokuyinto eningi yezokuphepha eminyakeni embalwa edlule eyayithathwa njengezinze kakhulu ukuba nayo ezikhundleni ezide. Futhi ngalesi sikhathi i-Argentina inomunye umthombo wokungaqiniseki ongaqhubeka nokuhlukanisa abatshalizimali.
Naturgy okuwukuphela kukagesi odaluliwe
Kuyiqiniso ukuthi umkhakha kagesi uphephile kulokhu kudalulwa. Ngaphandle kwale nkampani yamandla, kepha ngomehluko uma kuqhathaniswa nokunye okukhona bacwiliswa ngenqubo ye-bullish, okungenani esikhathini esimaphakathi nesikhathi eside. Kulesi simo, kungashiwo ukuthi i-Naturgy ukuvikeleka okungeyona ingozi ngoba ingeyomkhakha kagesi futhi inengxenye evikela kakhulu kunezinye izibambiso. Ngakolunye uhlangothi, zisebenza futhi njengendawo ephephile lapho kunezimo zokungazinzi ezimakethe zezimali.
Kunoma ikuphi, futhi ngokuhlangene no-Iberdrola, kunezinkampani ezimbili ezisemkhakheni wezamandla ezivezwe i-Argentina futhi impela lokho sekwenziwe kungazijezisa kusukela manje kuqhubeke. Yize ngezinga elincane kunezinye izibambiso zalezi zici futhi ezifakiwe enkombeni ekhethiwe yamasheya aseSpain, i-Ibex 35. Ngaphezu kwalokho, ngeke ukhohlwe ukuthi inkampani yegesi inikeza ukwahlukanisa isivuno ngaphezulu nje kuka-6%. Ngokukhokha okungaguquguquki futhi okuqinisekisiwe njalo ngonyaka. Ngakolunye uhlangothi, zisebenza futhi njengendawo ephephile lapho kunezimo zokungazinzi ezimakethe zezimali.
Imakethe yamasheya yaseSpain ejeziswa kakhulu
Esinye isici okufanele usicabangele ngalesi sikhathi ukuthi ukwehlulwa ngokhetho kukahulumeni okhona manje e-Argentina kungaqhubeka nokujezisa ukulingana kwamazwe. Ngaphezulu kwamanye ama-stock indices ezwekazi elidala, njengoba kubonakala kulezi zinsuku. Lokhu kungumthwalo okuzodingeka uwuthathe uma ekugcineni ukhetha ukuthi le ndawo isebenze emakethe yamasheya. Yize imiphumela yayo ingagwemeka uma uya kwezinye izimakethe zamasheya ezingxenyeni ze-euro ezingadalulwanga kulokhu. Kunoma ikuphi, imisebenzi izokhokhiswa intela nge- amakhomishini afuna ngenkani lokho kuzokwenza wenze umzamo omkhulu wemali lapho uthenga futhi uthengisa amasheya ezimakethe zezimali.
Akusizi ngalutho, kufanele ucabange ukuthi ukumangala okungekuhle ezimakethe, okusho ukwehlulwa okungalindelekile nokunamandla kweMacri emzuliswaneni wokuqala wokhetho lukamongameli, kuzozwakala kumasheya alezi zinkampani ezibalwe. Futhi lokho kuzobonakala ekulinganisweni kwezinye zezinkampani ezisohlwini lweMadrid Stock Exchange. Ngesikhathi lapho izimakethe zisuke ekubeni sezingeni eliphezulu (noma okungenani emaceleni) ziye kwi-bearish futhi zikhombisa ukuthi i-Ibex 35 ingaqondiswa emazingeni asondele kakhulu kumaphuzu we-7.000. Okusho ukuthi, ngonyaka ophansi kakhulu futhi omunye ophansi kakhulu emashumini eminyaka amuva nje.
I-Prosegur, enye yabathinteke kakhulu
Ukuthengiswa kwamaqembu ezinyangeni eziyisithupha zokuqala zonyaka kuqhubekile nomkhuba omuhle ekukhuleni kokusebenza kwemali yakuleli, enyuke ngo-14,0%. Ithonya elibi lomphumela wokuhumusha wezimali zaseLatin American, okuthi eqenjini lonke likhiphe u-11,8%, kusho ukuthi imali engenayo kuma-euro ame kuma-euro ayizigidi ezingama-2.055, 2,2% ngaphezulu kwesigamu sokuqala sika-2018.
Inzuzo yokusebenza kweqembu iyaqhubeka nokuthinteka ngumphumela ohlangene wezinga lokushintshisana kanye nokusetshenziswa kwezindinganiso zokubalwa kwemali i-IAS 21 no-29, ngemuva kokuthi i-Argentina imenyezelwe njengomnotho okhuphuka ngokweqile. Ngenxa yalokho, i-EBITDA ibike engxenyeni yokuqala ye-2019 yayingu-247 million euro, 1,6% ngaphansana, kanti i-EBIT ifinyelele kuma-euro ayizigidi eziyi-145, i-19,9% ngaphansi. Ngalokhu, umkhawulo we-EBIT usuka ku-9,0% engxenyeni yokuqala ka-2018 uye ku-7,0% esikhathini samanje.