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SÃO PAULO – B3 announced a strategic plan and increased its targets for 2019. According to a report prepared by XP Investimentos, the company wishes to benefit from the macroeconomic effects, which should create a positive scenario for the volumes of trading and new listings on the stock market next year.
The badysis team of the brokerage estimates that even after the rebound in the second half of the year, with an increase in shares of the company 29.7% at the Following good results and the appreciation of Ibovespa, there is still potential outperforming the index compared to 2019. He therefore reiterates the purchase recommendation and raises the target price of R $ 30 to 35 by the end 2019.
"Despite the discussions on competition in the medium term, we see B3 well positioned to defend its leadership through competent management, robust infrastructure and a growing product offering," says the report. from the brokerage firm.
At an annual investor event on Monday, Gilson Finkelsztain, president of B3, said the company would focus on launching new products next year and approach more customers and investors to understand . their requests.
The executive will invest in investment platforms to attract more investors and B3 will partner with these companies to make the financial market more accessible. "We are working with intermediaries to understand their needs in order to increase the number of investors and products," he said.
By 2019, the management of B3 expects further improvements in financial markets, mainly related to new listings; the strengthening of the funds and credit markets sector and the greater relevance of individual investors. "These factors should be the main drivers of revenue growth and margins," says the XP report.
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The action is also seen as an opportunity by the team of Itaú BBA badysts, who reiterated the recommendation to buy B3 shares after l & # 3920; # 39; event. They estimate the target price at $ 30 by 2019. "The company's management has been enthusiastic about the prospects for the coming years, looking for signs of improvement. of activity on the country's capital markets.We left the event with a positive impression, "says the report.
Strategic Plan
The main pillars of the company's strategy are operational soundness; customer satisfaction; products and features; business growth and people and business culture. Each of them has specific and measurable goals that are shared by the entire company structure, from the general manager to the operational teams.
With the current plan, the prospects for Finkelsztain are positive and provide for more IPOs. 2019. "We have recently counted and estimated between 20 and 30 companies ready to access the capital markets in the next two windows of next year.These companies are sort of prepared with their financial advisors and accompany the best moment to get to the market. "he says.
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