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(Petrobras Agency / Stéferson Faria)
(Bloomberg) – JPMorgan has some ideas on the best bet for investors who want to embark on the Brazilian equity boom through Vale or Petrobras commodity titans.
The bank examines growth in production, costs, capital expenditures, profitability, free cash flow, multiples and commodity outlooks. His conclusion: the oil giant Petrobras is the most attractive option among the selected shares
While Vale, the world's largest iron ore producer, enjoys increased profitability and a Multiple attraction, Petrobras has a more attractive structural folder. According to JPMorgan badysts, Rodolfo Angele and Ricardo Rezende wrote in a report published on January 22.
Analysts pointed out Petrobras' decision to tighten his operational ties with the state over the past three years. In addition, Roberto Castello Branco, the new director general, has decided to dismiss the last senior leaders appointed under the PT governments. In addition, he promised to increase oil production, reduce debt and pursue the company's sales program.
JPMorgan also sees potential gains from the sale of badets and congressional approval of a project allowing Petrobras to sell offshore oil reserves for others. companies.
JPMorgan made recommendations regarding the purchase of certificates of deposit from Vale and Petrobras, and favors preference shares for common shares of Invest in Petrobras shares without ZERO brokerage fees: open an account on Clear [19659008]
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