A portfolio composition of recommended actions for October CNN Brazil Business I have information from some of the main banks and investment brokers in Brazil. São eles: XP, Banco do Brasil, Órama, Guide, Santander, Warren, Ativa, Terra, ModalMais, CM Capital and Guide.
Vale was followed more than once as the most recommended action, with nine suggestions not total. The asset of the mining company VALE3 was followed by ITUB4, by Itaú Unibanco, which has 7 recommendations, and by ASAI3, by attacker Assaí, with 4 indications.
Highlights for or months
Saiba or that the analysts comment on the three parents most indicated for October:
“We believe that Vale is well positioned within the global iron mining industry, its most important division. We hope that the demand for high-quality iron mining will continue to be decent in the short term, benefiting the company due to the increase in the S11D project (located in the municipality of Canaã dos Carajás, in the southeast of Pará), which will increase the supply of the higher-quality commodity give company
Despite the recent surge in iron mining in the international market, we maintain a positive view of commodity prices in the medium term, because we are oriented towards supply restrictions, once the persistent challenges of supply (for example, ramp- up da Vale, ESG in highlight, lack of new projects, among others) we must support the iron mining prices above US$100/t for more time”.
“In September, the shares of Itaú Unibanco (ITUB4) will rise again, completing the third month in a row of rise. In September, the shares showed an appreciation of 6.7%, higher than the IBOV and IFNC (-1.0% and +1.9% in the same period, respectively). We attribute this performance to the strong results reported throughout the year, which will culminate in a revision to the top of the guidance for the year.
In addition, we note the following differences: i) we see Itaú with a fairly healthy coverage index (and above the historical average) while keeping the taxa of inadmissibility under control; ii) have a good exposure of consumer credit lines, which have fast growth; iii) solid history of M&As and partnerships; iv) attractive valuation. We have a Purchase recommendation and a price of R$ 31.0/share for the end of 2022”.
“O Assaí presented a CAGR of 21% between 2016 and 2021, and I have positive perspectives, such as the opening of 12 new organic stores in 2022 and the conversion of the Extra-Hiper stores acquired from GPA, with the forecast delivery of 40 stores for the second semester of this year. The group reported a solid result in the 2nd quarter of 2022, presenting a strong growth in liquid revenue of 32.8% and SSS of 14.7%, mainly reflecting higher demand for the Atacarejo channel under the challenging macroeconomic scenario, In addition to the return of two B2B clients, good sales performance in commemorative dates and strong contribution to organic expansion in the last 12 months, with the opening of 32 new stores.
Notable gains in marketshare were observed, and good cost control, in addition to an improvement in EBITDA margin, differently from two competitors, showing its superior operational efficiency. The net profit reached R$ 319 thousand, 21% higher than in 2Q21, with a net margin of 2.4%. Not in the first semester, or total net income of R$ 533 thousand due to the high operational capital gain that compensates, in large part, or the context of high taxes”.
Source: CNN Espanol