Stocks to Watch This Friday: Vibra, PRIO, Eletrobras, Azul, Gol, and More
This Friday, Brazil’s corporate radar highlights several crucial actions and significant announcements, showcasing dynamic developments in the market.
Vibra (VBBR3)
Vibra’s Board of Directors has approved a share buyback program. Starting from July 10, 2024, this program is capped at R$1.2 billion and spans up to 18 months.
PRIO (PRIO3)
PRIO reported an average production of 88.2 thousand barrels of oil equivalent per day (boepd) in June 2024, marking a slight 0.5% decrease from May.
Porto (PSSA3)
Porto has adjusted the per-share value of interest on equity (JCP) from R$0.31910862668 to R$0.31918046848. This adjustment is due to changes in the number of treasury shares from its share buyback program.
JHSF (JHSF3)
JHSF finalized the sale of stakes in Shopping Ponta Negra (AM), Shopping Bela Vista (BA), and Catarina Fashion Outlet (SP) to XP Malls (XPML11).
Post-transaction, JHSF retains 60% of Catarina Fashion Outlet, 18% of Shopping Ponta Negra, and 11.7% of Shopping Bela Vista, which will further reduce to 1% following a sale of 10.7% for R$79.1 million.
Azul (AZUL4) and Gol (GOLL4)
Azul is expected to submit a merger proposal with Gol to the New York Court within the next three months, aiming to combine operations.
Eletrobras (ELET3; ELET6)
The federal government has issued an interministerial ordinance outlining the rules for a financial operation to anticipate the Union’s receivables with Eletrobras, aimed at reducing electricity bills.
The CCEE will manage Eletrobras’s receivables for the CDE via securitization or other financial operations.
For more insights, download a list of 10 small-cap stocks with growth potential according to experts.
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