The future of Ibovespa, the dollar and corporate moments

Updated at 09:53

Ibovespa of the future

Ibovespa futures (INDZ23 – the contract expires on December 13) opened lower this Monday, the 23. At 9:53 AM, it fell 0.57% to 114,105 points.

Although this index is considered an indicator of how the market may behave, it does not always predict the information that will affect the trading session from 10 am.

Dollar

At 9:51 a.m., the commercial dollar was up 0.03% at 5.033 reais on sale.

oil

Brent crude: -0.24% ($91.9). Brent is the benchmark for Petrobras.

Iron ore in Dalyan

Earlier, iron ore futures for January 2024 traded on China’s Dalian exchange fell 2.4% to 835 yuan ($114.1). Shares of Brazilian Vale (VALE3) and CSN Mineração (CMIN3) could be affected by the price. Please note that the contract price above will fluctuate in the coming hours. This data was obtained from the link: http://www.dce.com.cn/DCE/Products/Industrial/Iron%20Ore/index.html

Stock futures in New York

Dow Jones futures were down 0.34% and S&P 500 futures were down 0.28% at 9:50 a.m. on Wall Street. Nasdaq futures fell by 0.28%.

Corporate news

BlackRock increases stake in Cogna (COGN3)

American manager BlackRock, one of the largest in the world, increased its stake in Cogna (COGN3), as announced on the night of Friday, 20.

BlackRock, on behalf of certain of its clients, in its capacity as an investment administrator, reported that it had purchased derivative financial instruments with a financial settlement referred to in ordinary shares issued by Cogna, called “contracts for difference” (CFDs), and on October 11, 2023, its holdings aggregated 94,284,974 CFDs, representing approximately 5.024% of the total number of common shares issued by the company; and 167,950,859 common shares, representing approximately 8.949% of the total number of common shares issued by Cogna.

“The purpose of the equity participation referred to above is purely investment and is not intended to change the control of the shares or the administrative structure of the company,” BlackRock said.

Estapar (ALPK3): Net Income Up 18.9% YoY in 3Q23

Allpark – Estapar (ALPK3) reported its third-quarter (3Q23) interim view on Friday evening the 20th.

Net income reached R$350.7 million, an increase of 18.9% compared to 3Q22.

“This figure was mainly due to year-over-year vacancy growth, with a focus on shopping malls, hospitals, commercial buildings and airports.”

The share of revenue from digital platforms (AutoTech) was 16.8% of total revenue in 3Q23 (+0.6 pp vs. 3Q22).

At the end of 3Q23, there were more than 9 million users on Estapar’s digital platforms, who made more than 10 million transactions using products and services for parking reservation and payment, digital blue zones, payment of vehicle taxes and fines, insurance contracts , Tag , among many others.

In 3Q23, Estapar opened 18 parking lots located in 18 cities. The net increase in vacancies was 5.2 thousand.

Moura Dubeux (MDNE3) completes the transition from CFO and IR Director

Moura Dubeux Engenharia (MDNE3) has completed the transition process for the positions of CFO and Investor Relations Director.

Moura Dubeau has announced that the term of Marcelo Vinik Dubeau as Chief Financial Officer and Director of Investor Relations has ended.

This Friday, Diego Freire Vanderli took over and will take on the role of CFO of the company.

Diogo de Barral Araújo has also joined and will take on the role of Director of Investor Relations.

Orizon (ORVR3) Completes Biomethane Joint Venture Operation in Paulinia

Orizon Valorização de Residues (ORVR3) has announced the completion of Biometano Verde Paulínia, a joint venture between OMA and Compass Comercialização.

The aim is to build a biogas treatment plant in the Ecoparque de Paulínia, São Paulo, with an estimated daily output of 180,000 m3 and reaching up to 300,000 m3.

“The deal confirms the company’s strategy regarding the use of biogas obtained in eco-parks, with the implementation of projects for the production of biomethane and the promotion of the country’s energy transformation,” Orizon emphasized.

GPS (GGPS3) contracts to acquire Lyon

GPS Participações e Empreendimentos (GGPS3) announced that its subsidiary Top Service Serviços e Sistemas has been approved to acquire 60% of the emission allowances of Lyon Engenharia Comercial.

Lyon provides human resource management services for administrative and technical support, including project development, implementation management, and work control and inspection, with a strong presence in Minas Gerais, Maranhão and Pará.

For the twelve months ended July 31, 2023, Lyon recorded gross revenue of approximately 241 million reais.

The acquisition contract was signed on Friday, the 20th, and completion of the acquisition is subject to the fulfillment of customary obligations and conditions precedent in this type of transaction, including its submission for approval by the Economic Defense Administration (Cade).

3R (RRRP3): Goldman Sachs reverses position tied to stocks

Goldman Sachs changed its holding position in shares of 3R Petroleum (RRRP3).

Goldman Sachs said that, in aggregate, it has an interest through physical settlements equivalent to 13,654,288 common shares issued by the company, which corresponds to 5.69% of the share capital.

Goldman Sachs has derivative financial settlements equivalent to 7,221,950 ordinary shares issued by the oil company, corresponding to 3.01% of the share capital. Goldman Sachs emphasized that this is a minority investment and that it does not involve a change in the composition of the controlling stake or the administrative structure of the company.

Santander Brasil (SANB11) issues R$6 billion in financial bills

Santander Brasil (SANB11), in negotiations with private investors, issued financial letters with a condition of subordination, the resources of which will be used to form Tier II reference capital of the company (PR) for a total amount of R$ 6 billion.

The financial accounts have a maturity of 10 years with the possibility of redemption from 2028 according to the current rules.

Letras Financeiras is authorized to constitute Tier II capital of the reference capital of the company with exposure to the Tier II capitalization index, pursuant to BCB Resolution No. 122 of August 2, 2021.

Events on the market radar this week:

Brazil Official Inflation Preview

Analysts and investors are closely watching the release of the official inflation preview. IPCA-15 will be released on Thursday 26th at 9am.

US GDP

In the United States, the main point is gross domestic product. Preliminary data on GDP for the third quarter will be released on Thursday at 9 am. Figures for personal income, personal spending and the PCE deflator (prices for personal consumption expenditures) will be released on Friday. Data on US economic activity can affect the stock market, especially if it turns out to be higher than expected, as it increases the risk of higher interest rates in the US, which negatively affects variable returns.

Earnings season in the US

Earnings season remains strong in the US. Highlights of Tuesday’s Microsoft and Alphabet (Google) Numbers; Meta and IBM, on Wednesday; and Amazon, on Thursday.

Tensions in the Middle East

Tensions in the Middle East remain on the market’s radar. According to experts, the ground invasion of the Israeli military in Gaza could further escalate the war between the Jewish state and Hamas. The risk is that the conflict will spread to other countries in the region. The price of a barrel of oil is closely monitored by analysts.

Non-Brazilian politics

Analysts are also watching whether the Chamber of Deputies will vote on the bill, which provides for the taxation of offshore companies (investments abroad) and exclusive funds (investment funds for people with high incomes). Voting is scheduled for Tuesday, the 24th.

The start of the final season in Brazil

This week marks the start of Q3 2023 (3Q23) earnings season. Highlights for Vale’s quarterly balance sheet on Thursday 26. Check out the agenda below. Remembering that companies can change dates.

Tuesday, the 24th

Romy – after the market closes.

Wednesday, the 25th

Weg, Klabin, Santander Brasil – until the market opens.

Neoenergia – after market close.

Quinto, 26

The goal is to open the market.

Vale, Copasa, Hypera, Multiplan, Suzano – after market close.

Friday, the 27th

Usiminas – before the opening of the market.

Company with a “date” this Monday:

Banco Bmg (BMGB4)

The “from date” of the equity interest (JCP) announced by Banco BMG on September 28 is this Monday the 23rd.

The “from date” indicates the last day an investor must hold the stock to receive the declared return.

From October 24, 2023 inclusive, shares will be issued “without rights”. The total gross value is 11,661,267.88 reais, equivalent to 0.020 reais per common and preferred share. Payment to shareholders will take place on November 14, 2023 based on the calculation of the final share registered on October 23, 2023.

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