Petrorio, Embraer and Vale lead Ibovespa’s earnings; Banco Inter fell more than 5%, with the highest decline in the index
7 min readSão Paulo – Verbs of the Valley (VALE3), PetroRio (PRIO3) and Embraer (EMBR3It stands out again among the major hikes in Ibovespa on Monday (11). The mining company has the second largest trading volume on the stock exchange today and helps drive the main stock market index in Brazil. Once again, Vale shares are once again benefiting from higher iron ore prices in the international market. Raw material prices were strong this week early, after last Friday’s gains. At 11:26 AM (Brazilian time), the miner’s shares were up 3.32% to R$82.50.
PetroRio, on the other hand, saw a price hike with the acquisition of oil fields, including the Al-Bukura field. Navy Petrobras. “We see the acquisitions as positive. Management continues to implement a well-structured and well-planned process and appears to be very confident in the potential to add value with Albacora,” according to a report by Bradesco BBI, following the PetroRio event with investors. The notes rose 5.74% to R$28.57.
Embraer, in turn, announced today that Close a new contract With NetJets – a US airline controlled by the investment firm Berkshire Hathaway of famed investor Warren Buffett – to sell up to 100 additional aircraft, totaling more than US$1.2 billion. The agreement states that NetJets will begin receiving the Phenom 300E model for new order in the second quarter of 2023, for operation in the United States and Europe. The notes advanced 4.57% to R$25.88.
fibra leaves (BRDT3) are also the main rallies today. The company, formerly known as BR Distribuidora, has confirmed that it has bought a 50% stake in energy trading company Comerc. Comerc was working on an initial public offering (IPO) to raise about R$1.5 billion, which was to be priced last Friday night. Vibra shares rose 3.93% to R$25.68.
Among the most notable events of Ibovespa’s decline are the actions of Banco Inter (Bi-Directional 4And binary 11). Last Thursday, the company detailed the company’s reorganization, which will result in the transition of its shareholder base to Inter Platform Inc. , with its shares listed in the United States and on the B3 Brazilian Stock Exchange, via BDRs.
With the implementation of the company’s reorganization, Class A shares of the Inter Platform will be listed on a US stock exchange; BDRs backed by Inter Platform shares will be traded on B3 and its shares and units will no longer be traded on the Brazilian Stock Exchange. Inter actions (Bi-Directional 4) declined by 5.18% to 15.93 Brazilian Real and units (binary 11) by 5.12% to 47.45 Brazilian riyals.
Monday (11) is the eve of a holiday in Brazil, but investors have important news from the corporate world to share. Kora Saúde, which debuted at B3 this year, has continued to expand and this morning announced the acquisition of 80% of Grupo OTO, a hospital network in Ceará. The value of the operation is estimated at 248 million Brazilian riyals.
In the airlines sector, GOL revised its results for the third quarter of this year and now expects a lower loss per share. Daily sales closed the quarter at around R$28 million, which is a 48% increase compared to the end of Q221.
In the financial sector, Banco do Brasil announced that it has sold its stake in the digital bank Digio to Bradesco, for 625 million Brazilian reais. At the end of the transaction, Bradesco will indirectly own 100% of Digio’s share capital.
koora health (KRSA3)
Kora Saúde Participações announced that on October 9, 2021, the subsidiary Camburi Participações entered into an agreement to buy and sell shares and other undertakings to purchase 80% of Grupo OTO. The company must form a partnership with the founding shareholders of Grupo OTO to operate all of its activities in Ceará.
In the statement sent to CVM, Kora mentioned that Grupo OTO, founded in 1991, is one of the largest and most traditional hospital groups in Ceará, with a presence in Fortaleza, Caucaia and Messejana. Otoclinica Matriz Hospital has 194 beds, 44 of which are in the intensive care unit.
The total purchase value will be R$ 248 million, of which R$ 140 million is cash, on the closing date; R$ 79 million in installments over 6 years and; 29 million Brazilian reals to exchange shares referring to Cora’s stakes in Hospitals Gastroclinica and Hospital São Mateus in Fortaleza. These will be merged into the OTO Group, in which Kora owns 80% of the shares.
Grupo OTO’s founding shareholders hold the remaining 20%.
Goal (all 4)
Gol updated its forecast for the third quarter of 2021 and calculated a lower loss per share in the period. In the previous forecast, released last Friday, the airline expected a loss of R$ 3.20 per share between July and September of this year. However, he now calculates that the loss will be R$2.58 per sheet.
Gol reported that passenger unit revenue (PRASK) for the quarter tended to be about 5% higher compared to the same period last year. Juul expects unit revenue (RASK) to be 5% higher than in the third quarter of 2020. In previous forecasts, the company had projected a decline in revenue.
Also according to the statement, daily sales ended the quarter at around R$28 million, which is a 48% increase compared to the end of Q221. With an occupancy rate of 82% in the quarter, GOL continues to adjust supply to demand. The company stated that it exceeded its financial expectations for the period despite the devaluation of the currency.
“Our focus in Q421 is on seriously adapting our capacity to the increase in demand, in the business and leisure travel segments due to the holiday season, increased seat stock for Black Friday sales and the return of routes to Punta Cana, Cancun and Montevideo,” wrote Gol Vice President Finance, Richard Lark.
Bank of Brazil (BBAS3) and Bradesco (BBDC4)
According to a statement released on Friday (8), Banco do Brasil has sold its stake in digital bank Digio to Bradesco. Thus, Bradesco entered into a contract with BB Elo Cartão Participações, a subsidiary of Banco do Brasil, to purchase 49.99% of Digio.
The amount that Bradesco will pay will be R$625 million. At the end of the transaction, Bradesco will indirectly own 100% of Digio’s share capital.
Digio Bank was created by Grupo Elopar, a holding company created in 2015 through a partnership between Banco do Brasil and Bradesco, which currently has 2 million credit cards and a credit portfolio worth R$2.5 billion.
Completion of the deal still needs approval from the Central Bank and the Economic Defense Administrative Council (CAED).
Plano and Plano (PLPL3)
According to a statement sent to the market on Friday (8), Plano & Plano net sales amounted to R$326 million in the third quarter of 2021, an increase of 45.3% over the same period the previous year.
Displayed sales (VSO) increased 6 percentage points in 12 months, to 43%. The builder also reported that it finished September with a stock of 8,392 units. In January there were 9,293 in stock.
Itaú BBA commented on preliminary data released Friday by Plano & Plano. The bank says it assesses pre-sale performance has been good, reflecting management’s business efforts. Launches increased on a quarterly basis. Data for the first nine months of 2021 remained stable compared to the same period in 2020.
The bank says it expects a slightly positive reaction from the market due to the decent sales data, especially given that the pace of sales has been one of the main negative points that investors have noticed since the initial public offering of shares (the initial public offering). In English).
The value of the five projects launched by Plano & Plano amounted to R$439 million, an increase of 24% in the quarterly comparison, and a decrease of 18% in the annual comparison. In nine months, the total value of launches was R$896 million, which is stable compared to the same period in 2020. Advance sales were R$326 million, 10% lower than the second-quarter figures, but 45% higher than in the same period of Same period last year.
Sales velocity was 15.3% in the third quarter of 2021, down from 17.6% in the second quarter. Within nine months, launches match 60% of Itaú’s full-year estimate, and presales, to 71%. In addition, inventories grew 7% on a quarterly basis, and advance sales grew 7% to R$1.8 billion.
omega gel (OMGE3)
The general meeting of shareholders and Omega Energia’s board of directors elected former Petrobras president Roberto Castello Branco as vice chairman of the board, the company said in a statement to the market on Friday.
The election is valid until the annual general assembly meeting referring to the financial statements for the financial year ending December 31, 2023.
However, possession is subject to active inclusion of Omega Energia on B3’s Novo Mercado.
Vibration Energy (BRDT3)
A source familiar with the matter told Reuters on Friday that Fibra Energia (formerly PR Depstoedora) has bought a 50 percent stake in energy trading company Comerc.
Comerc has been working on an initial public offering (IPO) to raise about R$1.5 billion, which should be priced Friday night.
Petrobras (PETR3; PETR4)
Petrobras reported Friday that it has set the average price of gasoline and cooking gas at refineries increasing by 7.2% through Saturday, reflecting oil’s advances in the overseas market and the strength of the dollar.
With the modifications, the gasoline is now sold by the oil company at refineries to distributors at R$2.98 per liter, after a period of stabilization of 58 days, according to Petrobras.
In the year, Petrobras gasoline adds up to more than 60%. Diesel, which suffered an increase last week, accumulates more than 50% advance.
Cooking gas, after adjustment, will be sold at R$3.86 per kilogram, equivalent to R$50.15 per 13-kg cylinder, after 95 days and at fixed prices.
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