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Non-Tech : GTR Groupo triebasa.. Look at the chart.. A winner -- Ignore unavailable to you. Want to Upgrade?

To: Rohit Nanavati who wrote (97)	4/15/1998 7:38:00 AM
From: Amadeo Mendez-Vigo	Read Replies (1) \| Respond to of 214

Been very silent....Some good NEWS New buy rating Monday April 13, 11:45 am Eastern Time RESEARCH ALERT - Tribasa started MEXICO CITY, April 13 (Reuters) - Paribas said on Monday it is initiating coverage of Mexican construction firm Grupo Tribasa with a buy rating. -- ''Tribasa has been significantly transformed from the company on the brink of insolvency in 1995 to a competitive, internationally diversified construction company,'' Paribas analyst Rod Harada wrote in announcing the coverage. -- Debt was reduced through a debt equity swap in the fourth quarter of 1997 and the government bailout of the Mexican toll road program in the third quarter of last year removed loss-plagued investments from its books, Paribas said. -- ''The winning of the Cadereyta refinery project (from state oil and gas monopoly Pemex) in 4Q97 shows Tribasa's success at diversifying its business into energy-related projects,'' Harada wrote. ''The Cadereyta project increased its hard backlog by 45 percent to US$1.1 billion.'' -- Paribas projects annual EBITDA (earnings before interest, tax, depreciation and amortization) growth of 29 percent during the next two years and set a price target of 45 pesos within 18 months, upside of about 72 percent. -- Tribasa shares had not traded early Monday and were unchanged at 26.10 pesos. In New York, the ADRs were unchanged at $6.0. ö ÿ