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Core Viewpoint - Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) shows potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout [2]. - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and maintaining upward momentum [3]. Stock Performance - OMAB shares have increased by 13% over the past four weeks, indicating positive momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4]. Earnings Expectations - Recent earnings expectations for OMAB show one upward revision and no downward changes in the last 60 days, with the Zacks Consensus Estimate also moving higher [4]. - Positive earnings estimate revisions further support the bullish outlook for OMAB [5].

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.In August, I reiterated my buy rating for Grupo Aeroportuario del Centro Norte (NASDAQ: OMAB ). Since then, the stock has gained 3.2% but continued to underperform the stock market, which gained 4.5%. On the 25th of October, the company reported it ...

Financial Data and Key Metrics Changes - In Q2 2024, total passenger traffic reached 6.5 million, a decrease of 2.4% compared to the same quarter last year [13] - Adjusted EBITDA was MXN2.2 billion with an adjusted margin of 73.3%, while total aeronautical and non-aeronautical revenues grew 1.1% to MXN2.9 billion [20][23] - Consolidated net income increased by 1.5% to MXN1.3 billion compared to Q2 2023 [40] Business Line Data and Key Metrics Changes - Aeronautical revenues decreased by 2.5%, primarily due to a 4.3% decline in domestic passenger traffic, partially offset by a 12.4% growth in international passenger traffic [36][90] - Non-aeronautical revenues increased by 13.8%, driven by VIP Lounges, Parking, and Restaurants [20][31] - Commercial revenues grew by 11.9%, with significant contributions from VIP Lounges and Parking [20][31] Market Data and Key Metrics Changes - International passenger traffic increased by 12% compared to Q2 2023, with Monterrey airport showing significant growth on routes to Atlanta, Las Vegas, Toronto, and Orlando [7][8] - The occupancy rate of commercial space stood at 95.3% at the end of the quarter [32] Company Strategy and Development Direction - The company is focusing on expanding its airport as a key logistics hub, with plans to increase cargo warehouse capacity by nearly 50% [16] - OMA is actively working on expanding and remodeling terminal buildings across several airports, reflecting a commitment to enhancing facilities and services [18] Management Comments on Operating Environment and Future Outlook - Management noted that the Pratt & Whitney engine recall affected traffic, particularly on routes like Monterrey to Cancun, but expects a quick recovery as the issue fades [5][30] - The company anticipates a low-single-digit decrease in traffic for the second half of the year due to the ongoing effects of the Pratt & Whitney issue [58] Other Important Information - The concession tax increased by 71% to MXN239.3 million due to a rate increase from 5% to 9% on revenues generated by airport concessions [21] - Cash generated from operating activities in Q2 amounted to MXN1 billion, with total debt at MXN10.9 billion and a net debt to adjusted EBITDA ratio of one times [93] Q&A Session Summary Question: Expectations for traffic in the second half of the year - Management expects a low-single-digit decrease in traffic due to the Pratt & Whitney issue [58] Question: Reason for traffic decline on the Monterrey-Cancun route - The decline was primarily due to reduced capacity by some carriers operating that route, which was significantly affected by the Pratt & Whitney issue [30] Question: Impact of international passengers on commercial revenues - The increase in commercial revenues is attributed to overall strategy rather than solely international passenger growth [78] Question: Compliance with maximum tariff - The company is close to 99.3% compliance with maximum tariff at this point [69] Question: Plans for international expansion - The company is always looking for international expansion opportunities but is not currently involved in any tender bidding processes [66]

Stocks with meaningful exposure to Mexican federal government policy have yet to recover from their post-election selloffs, but I do think there could be some bargains in the mix now, and that includes Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) ("OMA"), the operator of 13 airports in Mexico, including the airports in Monterrey, Culiacan, Chihuahua, and Ciudad Juarez. While there are valid concerns about government policy towards concession operators now, not to mention concerns about near-term traff ...

Guide to Identifying Oversold Stocks Grupo Aeroportuario del Centro Norte (OMAB) has been beaten down lately with too much selling pressure. While the stock has lost 16.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A.B. DE C.V. (CENTRAL NORTH AIRPORT GROUP) _________________________________________________________________ (Translation of Registrant's Name Into English) México _________________________________________________________________ (Jurisdiction of incorporation or organization) Torre Latitud, L501, Piso 5 Av. Lázaro Cárdenas 2225 Col. Valle Oriente, San Pedro Garza García Nuevo León, México _______ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A.B. DE C.V. (CENTRAL NORTH AIRPORT GROUP) _________________________________________________________________ (Translation of Registrant's Name Into English) México _________________________________________________________________ (Jurisdiction of incorpo ...