Grupo Aeroportuario del Sureste SAB de CV

ASR remains in a Stage 4 decline under a persistent downtrend with successive lower highs and lower lows below all moving averages. Medium-term bias is bearish, reinforced by repeated rejections at the 9/21 EMA band and the active lower highs & lower lows pattern. Short-term timing favors selling now as price rallies into and is rejected by dynamic resistance. Long-term uptrend remains intact despite near-term selling pressure.

• ↑Q1 revenue +14% YoY to 8.2 bn pesos; EBITDA +12% to 5.7 bn pesos
• ↑Proposed 24 bn pesos dividends (80 pesos/share) underpins cash strength
• ↓Passenger traffic from U.S. markets fell 4.6%, weighing on aeronautical revenue