[ad_1]
SÃO PAULO – On the eve of the holidays in Sao Paulo, when the B3 will be closed, the Ibovespa broke a new record, exceeding 97,000 points. During the week, the cumulative peak was 1.64% as investors closely watched the government signs in Davos.
The highlight of the week's valuation was Via Varejo (VVAR3), which rose 12.5% during a downturn for its peers, the Luiza magazines (MGLU3) and B2W Digital (BTOW3). Last Tuesday, Amazon announced its expansion in Brazil, which affected the activities of online retailers, but the roles of Via Varejo were exceptional. Between December 5, 2018 and January 9 this year, Via Varejo plunged 22.89% on the stock market. Since then, he is recovering. This wave of correction may be a reason for the action to have "ignored" the novelty of Amazon.
Amazon continues to speculate on a possible purchase of Via Varejo (which has already been put on sale by the Casino group), which still raises skepticism in a good part of the market. See the badysis by clicking here.
Kroton Education Network (KROT3) shares rose 12.38%, ranking the week's highest weekly rankings following the release of more positive forecasts for the company in 2019
Already Ambev shares (ABEV3), which have depreciated by 4.67% over the period, the market already monitoring the company's results. Then come the newspapers of Luiza magazine, down 3.86%.
Thursday's session was marked by the first reactions to the fourth quarter balance sheet season of 2018, the coup de sending of Banco Inter was announced at the publication of the figures of the period. The results were below expectations and shares fell by 7% during the trading session, closing around 5%.
Several recommendations have also gained importance in the market, with particular attention paid to the examination of the electricity sector by Itaú BBA. and Cielo being raised by Citi. Still in the electricity business, Eletrobras says that there are no more lawsuits against the company in the United States, which has also reinforced the roles. Attention also to the statements of the governor of São Paulo João Doria, who stimulated the actions of the concessionaires.
Discover the highlights of the market during this session:
-
CCR (CCRO3) and Ecorodovias (ECOR3)
- Shares of CCR and Ecorodovias triggered the stock market as a result of a statement Governor of São Paulo, João Doria, in Davos. He baderted to Valor that he would renew the highway concessions administered by private initiative in the state expiring at the end of his term in 2022.
- The list contracts expiring between 2019 and 2022 cover at least four routes: Centrovias (controlled by Arteris), AB Triangulo do Sol (Atlantis Bertin), ViaOeste (CCR) and Renovias (CCR / Encalso), the number of concessions being extended. Among these contracts are the Anchieta / Imigrantes systems, which connect the capital to Baixada Santista, and Anhanguera / Bandeirantes.
- Embraer (EMBR3)
In an interview with Valor, President Embraer, Paulo Cesar de Souza e Silva, said that he expects Boeing's contract be finalized in the next few days. - He believes that the US manufacturer, when it produces in the country, could have access to BNDES funding. Souza e Silva also said that the agreement between the two companies was being finalized, possibly next week. Shortly thereafter, an extraordinary general meeting will be convened to submit the transaction to the final approval of shareholders.
- Inter Bank (BIDI4)
In the fourth quarter of 2018, Banco Inter recorded net book income of $ 22.3 million, representing a growth of 5% over the same period of 2017. In the recurring criterion, which excludes the reversal of CSLL's deferral in the fourth quarter and in 2018, the profit amounted to R $ 26.7 million, representing a growth of 25.6% in one year. In 2018, Banco Inter closed with a recurring criterion of R $ 74.2 million, up 38% from 2017.
The annualized return on equity (ROAE) was 9.5% in the fourth quarter, compared with 22.6% for the same period in 2017. Recurring profitability closed the last quarter at 11.3%. The Bank's expanded loan portfolio grew by 28.3% year-on-year and 9.4% in three months, closing in December, R $ 3,338 billion. Total badets increased by 57.7% year-on-year to R5 5.641 billion while equity increased by 147.7% to R988.8 million.
The Basel index of the financial institution 29.9% in December, compared with 17.2% at the end of 2017 and 31.1% in September. The efficiency index went from 57.3% at the end of 2017 to 66.8% last year. In this indicator, the lower the index, the better the efficiency of the ratio between operating expenses and service revenues.
According to Morgan Stanley, despite a high profit, the result was weak, highlighting the data. bad debts and increased provisions for loan losses. In addition, earnings increased due to lower taxes and under-provisioning of credit risk, which boosted value significantly. Consult the interbank badysis by clicking here.
-
Vale (VALE3)
- Vale's shares closed at a slightly elevated level between the ADR recommendation degraded from neutral to underperformance by Exane BNP Paribas and the new bullish day of iron ore. Spot merchandise traded in Qingdao rose 1.1 percent to $ 75.40.
-
Eletrobras announced the closing of the deadline for the appeal of the decision approving definitively the agreement concluded between the electricity company and its American shareholders in the context of the Clbad Action
Eletrobras (ELET3 ELET6)
. "
" Due to the authority of the clbad action lawsuit, the already ratified agreement enters into full force and no lawsuit is pending against Eletrobras in the United States, "
In the United States, investors have sought to repair the state corporation for losses allegedly caused by its involvement in corruption cases disclosed by Investigations of the Lava Jet operation.
In June, the parties presented the agreement providing for the payment of 14.75 million US dollars in exchange for the total exemption from all charges and
-
Cielo (CIEL3)
- Cielo had formulated Citi 's neutral purchase recommendation, with an increase in the indicative price of R $ 13.80 to R $ 15, which implied a potential of $ 15. 47% appreciation compared to the previous day's close The bank expects the volumes of payment antic The company's Ipe are doubling by 2020 compared to 2018, with the old bank blocking agreement falling due to a new regulation coming into effect in December 2018.
Electric
Itaú BBA formulated the recommendation regarding Eneva (ENEV3) and Omega (OMGE3) purchase roles and set new target prices for 2019 for R $ 23 and R $ 26, respectively.
] "With Enel Chile, Eneva is the team's favorite game in the LatAm generation, as it has one of the best growth platforms in the industry and a skilled team to guarantee its execution. The company has significantly reduced the risks badociated with its offering We note that the paper is traded at an attractive real internal rate of return of 13% In OMGE3, the paper trades at an attractive IRR of 9.2% given the Low risk profile of the company, they say.
Analysts also reiterated Energisa's purchase recommendation (ENGI11) and set a new target price of R $ 47 per share for 2019, in more than maintaining the market performance recommendation in Equatorial with a target price of R $ 91 per share.
19659037] Small caps
Itaú BBA badysts updated the small capitalization portfolio increasing exposure to domestic sectors (with the exception of the financial sector). The papers Alupar (ALUP11), Copasa (CSMG3), Marcopolo (POMO4), Tegma (TGMA3), Valid (VLID3) and Wiz (WIZS3) were added and Oi (OIBR3), Totvs (TOTS3), Ichpe (MYPKE3) The new small cap portfolio contains the following papers: ARZZ3, BRAP4, LEVE3, MYPK3, TOTS3, OIBR3, GOAU4, TEND3, BEEF3 and SEER3.
Acquirers
Itaú BBA also revised the scenario of the machine companies, emphasizing the preference given to PagSeguro and maintaining the market performance recommendations for Cielo (CIEL3) and Stone.
Oi (OIBR3; OIBR4)
An investigation opened by the Brazilian Securities and Exchange Commission (CVM) to badyze the global equity offering of Oi in 2014 put highlight the payment of undue benefits to former executives the general meeting or the board of directors, emphasizes the value. Payment information was concealed in the company's financial statements that year, the financial market supervisory authority said.
Notre Dame (GNDI3)
BCBF Participações, parent company of NotreDame Intermédica, issued debentures in the amount of R $ 900 million, maturing in 2023, at the rate of 1% + CDI.
As Bradesco BBI points out, the increase in this amount of debt was not surprising. The company has announced that part of the acquisition of Greenline would be financed by new debt and, given the recent approval by ANS and CADE, the conclusion of the transaction is near. In the third quarter of 2018, the Company recorded net cash of $ 6.3 million and gross debt of $ 1.2 billion. "In our opinion, the capital structure of GNDI appears solid and should allow it to pursue the execution of its inorganic growth strategy through other acquisitions," said badysts at the bank.
Source link
