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(Press Release / Eletrobras)
SAO PAULO – The Ibovespa closed Friday (30) slightly down, but did not prevent the rise of 3.85% on weekdays and 2.44% in November, the third month consecutive high index.
The climax of November was Natura (NATU3), which grew by more than 25% following the good results of the third quarter of 2018, which shows that the company is recovering after having experienced difficult years. their numbers. Meanwhile, despite the exceptional 7% Friday forecast, Cielo (CIEL3) was by far the worst performance of Ibovespa in November with a 28% decline as the market reviewed CIEL3 papers in the revision of estimates of results
Despite the rise registered by Ibovespa during the month, stock market indices such as Petrobras (PETR3, PETR4) and Vale (VALE3) closed in November, mainly because of the high oil and mineral prices. iron. The price of WTI oil fell by 22% in November, recording its worst monthly performance in 10 years. This Friday, however, Vale and Petrobras shares recorded gains of about 1%, despite the continuing decline in commodities.
In this session, besides Cielo, Suzano (SUZB3) was once again the strong point. The market reverberated during the second session, followed by the approval of the Fibria merger (FIBR3) by the European regulatory authorities. for the merger. The tone of the teleconference held by both companies today was also positive, reinforcing roles after the 6% rise the day before. Discover these and other strengths:
Petrobras (PETR3, PETR4)
Petrobras' shares closed up, despite the collapse of oil. Merchandise fell by more than 1% Friday due to doubts about Russia's real commitment to reduce production, which the Organization of Petroleum Exporting Countries might decide to promote with its 10 allies in the country. Russian Energy Minister Alexander Novak reportedly told the TASS news agency that OPEC and its unrelated partners, led by Moscow, were in the news. 39 with current levels of commodity prices.
According to the company's radar, the state company plans to sell up to $ 15 billion at the beginning of the new business plan for the period going from 2019 to 2023. According to a source heard by Reuters, the end goal is not yet defined, but is under discussion and should be approved at the next meeting of the Board of Directors of the company in December.
Still on the state radar, Congress reported that the med The interim subsidy award for diesel expired on Nov. 28. Recalling that, since yesterday, Petrobras has reduced the price of diesel in refineries by 15%, from R $ 2.1228 / liter to R $ 1.7984 / liter – an amount that is expected to remain in effect until December 15 .
Finally, according to information from the newspaper O Globo, the government is trying to avoid postponing the megaleilão of pre-salt. Despite uncertainties in the Senate over the bill that secures the bids, the executive secretary of the Ministry of Mines and Energy, Márcio Félix, will present Friday information to investors in the United States. 19659006] Eletrobras (ELET3; ELET6)
Eletrobras recorded a fall by digesting the name of the new Minister of Mines and Energy, who surprised the market. President-elect Jair Bolsonaro (PSL) announced via Twitter this morning the appointment to the post General Manager Naval and Technological Development of the Navy, Bento Costa Lima Leite de Albuquerque Junior. [196459014]
to rule out the weight market clues flowing behind the scenes, the appointment met with some resistance from the experts, due to the lack of experience in the segments.
In Itaú BBA's badessment, the news would initially be neutral. Analysts point out that they prefer to wait and see the agenda that the new minister will propose, as well as the appointments that will surround it (for example, one could expect that the market considers positive if it surrounds technical names with a market). "Normally, there are two economic fronts in the armed forces (nationalists or liberals) and we still do not know who they belong to," they say. Waiting is the capitalization process of Eletrobras, which requires, among other things, political skills.
Still on the radar of Eletrobras, the company substantially announced that it had been revoked by Minister Ricardo Lewandowski by a preliminary injunction preventing the privatization of Companhia Energética de Alagoas (CEAL). Itaú BBA, the news is positive and shows that there are more complications to prevent the possible sale of CEAL. "We continue to consider Equatorial and Energisa as the main competitors of the badet If Equatorial or Energisa actually wins the badet, a capital increase of both parties is not discounted because Current and future growth commitments have already absorbed most of the balance sheets of both companies, "they write.
Suzano (SUZB3)
After rising 6% the day before, Suzano recorded a new session in strong progression and accumulated highs of 11% in 2 sessions after The Authority European Commission approves the consolidation of its activities and shareholding with Fibria. The only restriction is the early termination of the company's commercial contract with Klabin (900,000 tonnes by 2021). Suzano now hopes to finalize the listing of its ADR on the New York Stock Exchange and finalize the transaction on January 15.
According to Itaú Unibanco badysts, the news is positive as it does not include any larger restrictions, such as the forced sale of badets. However, they point out that the early termination of the Klabin contract will have a negative impact on Suzano / Fibria's working capital of $ 700 million. "We expect that the agreement will be reached by January 15, by which time more details of potential synergies could be announced," Itaú BBA explains in a report sent to customers.
On Friday, Suzano and Fibria held a teleconference and announced that the new company resulting from the merger of Suzano and Fibria will begin operations on January 14 under the name of Suzano SA. In addition to keeping Walter Schalka in charge, Suzano SA will also have Marcelo Bacci, vice-president of finance, who already holds the position at Suzano Papel e Celulose.
Smiles (SMLS3)
At a general meeting, Smiles approved yesterday, a change of status of the company will allow the creation of an independent committee to negotiate the terms of its constitution by Gol.
Smiling minorities, however, are already organized and mobilized. According to the newspaper Valor Econômico, one of them argues that Gol would not have been able to vote even to change the status of the committee, because he understands that the parent company is in a conflict situation. # 39; interests.
Locamerica (LCAM3)
Locamerica-Unidas shares rose 18% over the last three trading days and returned to historic highs, reaching about 10% in November. The decision comes in the context of rising equity markets and signs of progress in the economic reform agenda, which ultimately benefits the roles most closely related to the internal growth cycle, namely the car rental sector and the sale of new cars. .
Cemig (CMIG4); Light (LIGT3)
Cemig purchased the shares of Light, which represent approximately 2.7% of the distributor's capital and are held by three banks: Banco do Brasil, Banco Votorantim and Santander. As the majority shareholder of Light, with 48.7% of the share capital, Cemig sold a portion of its shares last Tuesday to prevent it from exceeding 50% and making the distributor a state company.
Cemig is expected to take the shares with funds from the sale of Cemig Telecom's badets in August for the same value.
Cielo (CIEL3)
Cielo provided for a quarter of the payment of dividends. According to the Company, proceeds of $ 875 million related to the third quarter of 2018 will be paid on December 26, 2018. Of this total, interest of $ 152.5 million of shareholders' equity and $ 723 million distributed to shareholders. shareholders in the form of dividends according to the situation of December 14 in respect of the shareholding and shares "ex-dividends" on December 17.
Bradespar (BRAP4)
Litel stated in a statement that she had brought a lawsuit against Bradespar and Bradesplan in which she requested repayment of the amounts disbursed as part of the transaction, with the aim of putting an end to the execution of the arbitration award proposed by Elétron. According to Itaú BBA, the news is negative, but expected. "Although several investors are already waiting for Litel to bring a lawsuit against Bradespar, we believe that this could continue to weigh on the stock during the next trading sessions," write the badysts.
Bradespar announced his presentation "to seek a counterclaim" in the lawsuit against him by Litel – which could make Litel a defendant in the same lawsuit – to charge the application of the trade agreements concluded in the early 2000s.
IMC (MEAL3)
In a news release, the International Meal Company states that the details of the merger with Sapore are not yet clear and that the Board of Directors Administration still has not decided to recommend to shareholders to accept or not accept the offer.
Among the company's requests are the disclosure of the content of the audit conducted by Sapore during the negotiation of the partnership plan between the companies, as well as more details on the BMI badessment process that would be carried out Blue (AZUL4)
Azul plans to double its size over the next five years, due to the replacement of the smaller aircraft in its operational fleet, which will grow from 122 aircraft in 2017 and 160 in 2021. The company has also announced plans to open flights to 35 new cities over the next few years. BRF will resume production of Chicken Meat in Chapecó (SC) Slaughterhouse in January, six months after the temporary shutdown of the unit under the restructuring plan of the company. BRF laid off 4,000 employees in Brazil due to the financial crisis. Equatorial said in a statement that he had asked Aneel (National Electric Power Agency) for an extraordinary tariff review in 2019. According to badysts, demand was already expected by the market. In addition, the company requested a review of the shareholding, which, in the opinion of Itaú BBA, was a surprise. "This suggests that the equator could believe that the initial value is higher than that established during the privatization process," they write. BRF (BRFS3)
Equatorial (EQTL3)
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