The most important financial news that will influence Brazil today (July 21)
RIO DE JANEIRO, BRAZIL – The international market resumes risk appetite, as corporate balance sheets overshadow concerns about the delta variant.
Wednesday starts with international stock markets continuing to recover from the losses earlier this week when concerns about the Delta variant caused a wave of risk aversion in the international market.
In Europe, where the Stoxx 600 rises more than 1% this morning, shares linked to tourism return to show significant increases after periods of losses. In the United States, the main stock indexes advance about 0.4%, with investors paying attention to the second-quarter results season.
Desktop debuts on B3, and Privalia cancels IPO
Bazilian Internet provider Desktop debuts today on B3 Stock Exchange, with the stock priced at R$23.50, slightly above the floor of the indicative range, which was from R$23 to R$28. The operation will inject around R$715 (US$137) million into the company’s cash flow. Privalia Brasil and Privalia Venta Directa have canceled the initial stock offering planned for tomorrow at B3, alleging “volatility of the market conditions verified in the last days”.
Federal Revenue Service announces June tax revenue
The Federal Revenue Service will make available on its website at 11:30 AM the federal taxes and social security contributions collected in June.
At noon the result will be commented. In May, the IRS recorded a real increase of 69.88% compared to the same month in 2020 and reached R$142.106 (US$27.3) billion, the highest collection for the month in the entire historical series since 1995.
The tax revenue in the year reached the mark of R$744.828 billion, a real increase of 21.17% compared to the same period in 2020.
Multilaser sets offer price
Multilaser, Brazilian manufacturers and marketers of tablets, media players, GPS, pen drives, computer accessories, games, smartphones, sporting goods, audio, and video, set the price of R$11.10 per share, above the floor of the range – which went from R$10.80 to R$13. Without selling an additional lot, the base offer will raise R$1.9 billion (US$365 million).
Soma sets offer price
The fashion group Soma has set the price of R$19.20 per share in the subsequent share offering. The price represents a discount of only 2.5% over the closing price of R$19.70 at the close of trading. The operation raised R$883.4 (US$170) million and had no additional lot option.
Neoenergia has a 137% profit increase
Neoenergia, the holding company of the Iberdrola Group, the largest private group in the Brazilian electricity sector by number of clients, reported a R$1 billion (US$192 million) profit in the second quarter, up 137% year-on-year. Net revenue advanced 51% on a quarterly comparison to R$9.97 billion. According to the Valor Pro database, the net income is the highest ever reached by the company in this period.
Romi has a 278% higher profit
Machine manufacturer Indústrias Romi recorded a profit of R$42.7 million in the second quarter of this year, 278% higher than the same period in 2020. Net revenue advanced 79.3% in the quarterly comparison, to R$351.5 million.
The order backlog was R$674.9 million at the end of the quarter, almost 70% higher than the same period last year, impacted by the pandemic, and 5% below the first quarter. A conference call will be held at 11 AM.
Petrobras receives nominations from federal ministry for board positions
Petrobras received a letter from the Ministry of Mines and Energy containing eight nominations for the composition of the federal government’s slate for the positions of board members. The election will take place in the next extraordinary general meeting.
MG asks for R$100 billion from Samarco, Vale, and BHP
The government of Minas Gerais state confirmed negotiations with mining companies Samarco, Vale, and BHP, and public agencies to repair the damage caused by the collapse of a dam in Mariana (MG) in 2015. The value of the agreement may reach R$ 100 billion.
C&A estimates R$230 million in tax credits
C&A estimates tax credits of R$230 million referring to the exclusion of ICMS from the basis of PIS and Cofins. C&A says that, after the Supreme Court decision that determined the exclusion of the amount highlighted on the invoice, the credits for the period between 2015 and 2017 will be recognized before the final and unappealable court decision.
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Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+2.22%
172,236.05
+2.22%
72,104.80
+1.00%
10,589.61
+0.50%
2,848,945
—
2,576.36
+3.67%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 172,236.05 | +2.22% | +10.94% | 168,498.45 | — | — | — |
| USD/BRL | 5.51 | +0.04% | +3.33% | 5.51 | 5.51 | 5.51 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 45.19 | -0.24% | +39.65% | 45.30 | 45.39 | 44.29 | 40,897,000 |
| VALE3 | 66.11 | +3.23% | +1.38% | 64.04 | 66.30 | 64.74 | 20,259,100 |
| ITUB4 | 41.72 | +2.94% | +6.26% | 40.53 | 41.79 | 40.89 | 17,762,100 |
| BBDC4 | 14.68 | +3.38% | -23.06% | 14.20 | 14.68 | 14.34 | 39,079,800 |
| BBAS3 | 17.02 | -0.64% | -25.29% | 17.13 | 17.39 | 16.73 | 41,431,000 |
| B3SA3 | 14.85 | +3.20% | +13.19% | 14.39 | 14.93 | 14.32 | 27,051,000 |
| ABEV3 | 15.61 | +0.84% | +18.44% | 15.48 | 15.68 | 15.38 | 27,548,800 |
| WEGE3 | 50.74 | +5.29% | +11.84% | 48.19 | 50.87 | 48.26 | 16,073,900 |
| PRIO3 | 59.39 | -1.80% | +51.39% | 60.48 | 59.57 | 56.90 | 10,987,900 |
| SUZB3 | 54.20 | +1.50% | +16.06% | 53.40 | 54.32 | 52.30 | 10,985,300 |
| RENT3 | 30.83 | +1.78% | -26.72% | 30.29 | 30.96 | 30.00 | 11,812,400 |
| AZZA3 | 15.12 | +2.44% | -46.31% | 14.76 | 15.32 | 14.84 | 2,774,100 |
| CSNA3 | 4.49 | +1.81% | -45.84% | 4.41 | 4.79 | 4.41 | 32,453,700 |
| GGBR4 | 25.26 | +4.60% | +32.25% | 24.15 | 25.30 | 24.17 | 24,250,400 |
| ENEV3 | 27.40 | +2.09% | +41.60% | 26.84 | 27.62 | 26.90 | 8,949,100 |
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