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Mercado Libre should have a strong 4th quarter to take advantage of the market left by Americanas in Brazil

Mercado Libre should deliver a fourth quarter with strong execution in both the commerce and fintech areas, assesses Goldman Sachs in a report.

The bank projects growth in gross merchandise value (GMV) of 17% for Brazil for the company, growth in total volume of payments (TPV) of 73%, revenue expansion of 40% and operating profit margin of 6.1% (a gain of 500 basis points for the year).

The house also considers that, although inflationary pressures have diminished . . .

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