Chile's Falabella climbs on Q2 call, Open Kennedy sale
** Shares in Chilean retailer Falabella tick up after mid-day following the Q2 earnings call with executives and news that it would sell Open Kennedy asset to Parque Arauco PARAUCO.SN for around $200 million
** Falabella FALABELLA.SN climbs more than 2.5%, while Arauco's trading is flat
** Executives are upbeat on the retailer's positioning in the Andean banking sector, while also eyeing home improvement chain Sodimac's expansion in Mexico
** Banco Falabella Chile's loan growth from June to December seen around 4%, they add
** Itau analysts write that they are "more optimistic" for H2 on Chile loan growth, EBITDA margins surprising to the upside, an awaited recovery in home improvement, stronger macro prospects in Peru and a boost from Mallplaza MALLPLAZA.SN
** Falabella also announces it will sell the Open Plaza Kennedy mall and hotel, "in line with our operational simplification strategy"
** The sale will bring Falabella's leverage down to 4.5x, Santander's Felipe Ballevona estimates, from 4.7x at the end of Q2
** Falabella shares have risen 46% YTD, compared to benchmark index IPSA .SPIPSA, which is up 4%
Reporting by Kylie Madry
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