Enel Chile SA is an electric utility company that, through its subsidiaries and affiliates, is engaged in the business of generation, transmission and distribution of electricity in Chile. It operates through two segments which are the Generation Business and the Distribution Business.
ENIC is a very solid value company that saw a pressure on its shares due to the situation Chile is going through, criticism of its pension system, criticism of its mixed health system, public transportation, water privatization, corruption, among others. These factors are responsible for the fall in the price of Chilean shares.
It is worth mentioning that in its last report for the first quarter of 2021 it presented revenues of 826M, an Ebitda of 222M and a net profit of 60M, likewise, this idea seeks to take advantage of a recovery in the political and economic situation in Chile.