The elimination of exchange rate It begins to generate new investment opportunities in Argentina. This is supported by financial analyst Salvador Di Stefano, who says that the local market offers attractions in both financial assets and real goods.
In the sights are the options in pesos, the dollar, shares and bonds.
Less stocks, more opportunities
According to Di Stefano, despite some volatility, the current economic landscape shows positive signals. The reserves of the Central Bank amount to $ 39,000 million, while the effective fixed term rate for deposits greater than $ 1 billion (TAMAR) is 42% per year.
The wholesale dollar, which in April rose 9.5%, still did not reach the floor of the intervention band, initially set at $ 1,000 and adjusting to $ 990, which opens space for a possible short -term official intervention. In this scenario, the analyst emphasizes that the exchange rate could continue to be corrected.
In addition, the country risk It fell from 874 to 713 points from the CEPO output announcement, an improvement that was not yet totally reflected in the price of local bonds and actions.
What financial instruments recommend avoiding
Di Stefano warns that not all instruments are attractive in this new context:
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Discard dollar linked and CER bonds: With a stabilized dollar and inflation in deceleration, these assets lose attractive.
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Prioritize fixed deadlines on LECAP: Today, bank rates offer better yields than state debt instruments.
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DUAL BANCAP as a medium term option: These bonds, which adjust by tamar rate, exceed bank performance, although their maturities begin only in March 2026.
As for the exchange market, the specialist points out that alternative dollars are around $ 1,200, a value that, according to him, seems more a roof than a floor. The MEP dollar, in particular, retreated 11% from the departure of the CEPO, benefiting those who opted for dollar bonds instead of staying in cash.
Actions and real estate: Other alternatives advised by Di Stefano
The analyst also recommends Look towards the share market. From the lifting of the stocks, Argentine shares grew by 11.6% in dollars, although they still retain rising potential as better corporate balances are known.
For those who prefer physical assets, Di Stefano highlights that real estate sector It offers opportunities: OVERAFERTA maintains stable prices in dollars, which allows channeling savings saved in cash to attractive values.
A call to not stay in dollars
Di Stefano warns that staying in dollars ticket could mean losing a historical opportunity. According to their estimates, Argentines still maintain about US $170,000 million outside the system. However, with projected inflation of between 2.5% and 3% for April and a dollar that lost between 14% and 15% of its real value in the last month, the cash begins to render less and less.
With a consolidated fiscal surplus, a strengthened central bank and an external debt ratio on GDP of 43.8%, the analyst considers that the scenario is conducive to betting on sovereign bonds, real actions and goods.
“The leaving of the stocks not only cleared uncertainties, but opened the train of opportunities. The one that stays in a dollar ticket will lose the chance of capturing the economic rebound,” says Di Stefano.
Source: Ambito
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