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(Fabio Rodrigues Pozzebom / Agencia Brazil)
SÃO PAULO – The Brazilian stock market suffered a slight decline following international fears related to the slowdown in the economy, which affected leading stocks such as Vale (VALE3) and Petrobras (PETR3, PETR4), while business news is changing.
Investors are particularly attentive to the agenda of Paulo Guedes in Davos, who can unblock the union between Braskem and LyondellBasell. Petrochemicals are experiencing a strong stock market boom. Meanwhile, Luiza Magazine and B2W have a new day of decline with the confirmation of the expansion of Amazon Brazil.
According to the newspaper O Estado de S. Paulo, the Minister of Economy, Paulo Guedes, opened Tuesday in Davos an agenda with a meeting to be held in Davos, Brazil on Tuesday (22) :
Braskem (BRKM5)
can unlock Braskem's attempt to unite with Dutch LyondellBasell.
In December, Bloomberg announced that LyondellBasell wanted to bid for the company this year, but had already intended to address the new Brazilian government, according to sources at the same time
Vale (VALE3) [19659009] Vale's shares reflect the drop in iron ore, with goods traded in Dalian down 1.8% to $ 74.60.
On the other hand, Bradesco BBI badysts reinforced VALE's positive view as one of the top choices in the commodity sector hedge for 2019 due to five factors: i) investment in Base metals division in the hope of cost savings and efficiencies of $ 140 million; (ii) dividends + redemptions of up to US $ 7 billion during the year; (iii) potential mergers and acquisitions in electricity production or in the sub-markets; iv) ore is expected to trade this year at an average of USD 65 per tonne, still very healthy level; v) potential shareholder changes with potential total or partial withdrawal; Litel and the BNDES (but also a potential increase in the interest) by Mitsui or until the entry of a new group of shareholders), and (vi) the Samarco resolution is finally in sight and could resume its activities in 2020.
Petrobras (PETR3; PETR4)
Petrobras recorded a drop in oil prices, which fell by about 2% due to concerns over the economic slowdown in China.
The federal government appointed Professor Nivio Ziviani member of the Board of Directors of Petrobras . The company has received communication from its majority shareholder and the indication will now follow internal corporate governance procedures, including the compliance and integrity badyzes required for the state succession process.
According to Petrobras, Ziviani holds a degree in mechanical engineering from the Federal University of Minas Gerais (UFMG), a master's degree in computer science from the PUC-RJ and from & [[[[[[[[[[aPhDinComputerSciencefromtheUniversityofWaterlooAccordingtoReuterstheChineseMinistryofCommerce(China)China'sMinistryofCommerce(China)andtheChinaMinistryofCommerce(China)acceptedaproposalbyBrazilianchickenexporterstocloseadisputeinanti-dumpingmatters
The press agency, Claudia Marques, partner of MPA Trade Law and representing the Brazilian exporters, said that China's decision to accept the offer had been communicated to the parties by the Ministry of Commerce in a report [19659006
The agreement, which would establish minimum prices for sales to China in exchange for Invest with the help of the best advice in Brazil: open an account in XP – it's free! the close of a dumping investigation opened in August 2017 will take effect no later than 18 February, marking the end of the formal proceedings in this case.
According to Bradesco BBI, the news is positive for BRF and JBS. . "Although the minimum price to be met by Brazilian exporters is not clearly defined, we believe that the removal of anti-dumping duties should help to improve the profitability of Brazilian chicken exports, especially for the BRF", said badysts the bank.
Embraer (EMBR3)
Credit Suisse reduced its recommendation to Embraer outperformance to neutral, with a target price of $ 24 for ADR, given the newer less favorable indications, as well as A more cautious long-term scenario for the post-joint venture company.
TIM Participações (TIMP3)
A TIM provided for the payment of interest on capital of $ 380 million, originally scheduled between January 28 and January 24th.
Total Carrefour sales increased by 14.9% in the fourth quarter to A $ 10.7 billion. quarter. Comparable store sales revenue grew 7.4%, the largest quarterly increase since the first quarter of 2017. The annual target of 20 new stores has been achieved. Six new stores and two wholesalers were opened in the last three months of 2018.
"Although sales in the same Atacadão stores exceeded our expectations, we believe that the level was already high, especially after Assaí, its main competitor.
Banco Pan (BPAN4)
According to Broad's column, Estadão, Caixa Econômica Federal is in a hurry to sell its stake in the Brazilian economy Pan bank (formerly Panamericano ) but has not yet decided on the format.The paths are to be offered to a strategic partner or to launch a (subsequent) share purchase offer, once the institution has a public capital.
magazines Luiza (MGLU3) and B2W (BTOW3)
are launching in this country a series of news for the Brazilian market.Now, 11 categories of products will be sold and delivered by the company (in the model called 1P or direct sale ), d have 4 unpublished in the country: Toys, Babies, Beauty and Personal Care. Since last year, this expansion was expected in the Brazilian market, but the company says that the timing of the launch is not related to the country's economic situation – only to the maturity of the company herself.
To date, the only category in which the company worked on the model "sold and delivered by Amazon" in Brazil which was that of books. Expansion places the retailer at another level in the domestic market and may be considered a threat to consolidated companies such as B2W (whose stock dropped to 3.26% in the second, with rumors about novelty) and Magazine. However, during this session, the reduction of roles is less important, because it is estimated that the impact of Amazon's entry into direct sales in Brazil will be limited to B2W and Luiza Magazine, companies being at the forefront of developing a complete logistics system for online retail deliveries, valuing the user experience and offering attractive financial solutions.
"For comparison purposes, B2W has 15 distribution centers and Via Varejo has 26. We believe that the threat from the American giant Amazon is not so great, because the competitive landscape and logistics are very different on the local market, after all here in Brazil ", emphasizes the Levant badysis and team.
Suzano (SUZB3)
Suzano announced a new fare price for shipments of pulp to all regions (Asia, Europe and North America). The price for Asia is $ 780 per ton, $ 1,010 in Europe and $ 1,210 in North America.
"We believe this announcement is positive, as (i) the new price announced for Asia is $ 30 per tonne higher than current FOEX prices for China (about $ 750 per tonne), and ii) strengthens the company's commitment to the long-term "value" strategy, since Suzano has chosen not to reduce its selling price in cash markets, "badysts said. 39 Itaú BBA They keep the recommendation outperforming for Suzano and Klabin and have a preference for the latter in the short term
(With Agência Estado and Agência Brasil)
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