The Panic-Proof Portfolio (Stockchase Research)
Banco Latinoamericano De Comercio Exterior SA
BLX-N
PAST TOP PICK
Aug 12, 2025
(A Top Pick Mar 25/25, Up 25%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with BLX has achieved its target at $47. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $36) to $40.
BLX is the largest commercial bank operating in Panama. Recently reported earnings showed a 23% increase in deposits as well as net income. It trades at 7x earnings, at book value and supports a 16% ROE. Cash reserves are growing, while supporting a robust dividend yield whose payout ratio is under 40% of cash flow. We recommend setting a stop-loss at $32, looking to achieve $47 — upside potential of 24%. Yield 5.6%
Our PAST TOP PICK with BLX has achieved its target at $47. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $36) to $40.