The shares of root (ROOT4) plummeted around 13% during the week (between January 30th and February 3rd), and with even more challenging prospects for the company in the future, according to analysts. It was what most caught the attention of investors in the agribusiness.
Check below the five most read news of the Agro Times in the week:
5th place: Itaú BBA prefers SLC (SLCE3) and Rumo (RAIL3); Gasoline exemption affects S&E, like Raízen (RAIZ4)
Itaú BBA maintains SLC Agrícola (SLCE3) as its preferred stock. And Rumo (RAIL3) in place of Hidrovias do Brasil (HBSA3), in the field of logistics.
Sugar-energy (S&E) is not popular, tied to the tax situation that takes advantage of ethanol compared to gasoline.
In a preview of 4Q22, Gustavo Troyano’s analysis points to the Ebitda margin guidance in good performance for both.
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4th place: Beef exports: increase may be due to full US quota and falling price continues in 2022
If it is confirmed that the United States was the main participant in beef exports from Brazil in January, it will not come as a surprise.
As it is not the following decrease in the prices paid by importers.
Secex informs monthly sales of 160.19 thousand tons, high of 4.84% over December and 16% compared to January 22, just for fresh meat, while the consolidated total for the sector will come out next week.
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🏆 3rd place: Among the slaughterhouses, Itaú BBA puts its chips in Minerva (BEEF3) and (despite) in JBS (JBSS3)
The spread between the sale of beef and the purchase of beef in the United States will continue to pressure JBS USA and compromise JBS margins (JBSS3), in the same way that Marfrig’s local operations (MRFG3) will affect the results of the company’s balance sheets .
But even so, Itaú BBA maintains the “constructive vision for JBS”, except for the second company.
The institution’s new report also places Minerva’s BEEF3 shares at a positive level. Marfrig and BRF (BRFS3) are endorsed as neutral.
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🏆 2nd place: Why does Raízen (RAIZ4) sink 5% today? Understand “block sale” of 330 million shares
The shares of root (ROOT4) skidded more than 5% this Monday (30), with the market reaction to the “block trade” (block salein Portuguese) announced that Hédera (former controlling shareholder of Biosev) will sell its entire holding of 330 million shares in the company.
The slice held by Hérdera represents 24.32% of Raízen’s outstanding shares, to be sold for R$ 3.15 each this Wednesday (1st), an amount equivalent to approximately R$ 1.1 billion.
A XP Investimentos evaluates the total sale of shares held by Hérdera brings a negative view to Raízen.
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🏆 1st place: Raízen (RAIZ4) drags down Cosan shares (CSAN3) and it could even be the Petrobras factor
The block sale of 330 million shares of root (ROOT4) should not, in principle, affect the fall in shares of its parent company, Cosan (CSAN3), if the departure of Hédera (ex-Biosev) among the shareholders was just for reasons internal to the joint venture with Shell or simply because it wants to leave the business.
But as Cosan (CSAN3) shares are also falling – 3.15% less, R$ 16.30, at 3:15 pm –, following Raizen’s (-5.26%), market rumors are that the impact is coming from Petrobras (PETR4).
Jean Paul Prates once again mentioned the creation of a stabilization fund to amortize the rise in gasoline and diesel at the pumps, which creates a situation of discredit in prices for Brazilians to opt for hydrated biofuel, even if there is a gain with anhydrous ( mixed with gasoline).
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Source: Moneytimes
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