Posted at 7:56
Stock exchanges, oil and bitcoin (7h54)
Germany (DAX): -0.63%
London (FTSE 100): -0.03%
China (Shanghai Comp.): +0.14%
Japan (Nikkei 225): +0.19% (trading session closed)
Hong Kong (Hang Seng): -2.73% (trading session closed)
Brent Oil: -0.01% ($86.3). Brent is a point of reference for Petrobras.
WTI Crude Oil: -0.11% ($79.6)
Bitcoin Future: -1.25% ($23,375)
Iron ore
The most liquid iron ore futures contract traded on China’s Dalian Stock Exchange closed 1.98% higher at 874 yuan ($129.4). The listing could impact the shares of Brazilian Vale (VALE3), CSN (CSNA3) and CSN Mineração (CMIN3). This data was obtained from the link: http://www.dce.com.cn/DCE/Products/Industrial/Iron%20Ore/index.html
New York stock futures
As of 7:55 am on Wall Street, Dow Jones futures were down 0.55% and the S&P 500 futures were down 0.83%. Nasdaq futures fell 1.18%.
Company news:
CVC (CVCB3) concludes negotiations without proceeding with the acquisition of Ōner Travel
CVC (CVCB3) withdrew from the acquisition of Ōner Travel. In a press release sent to the market on the night of Friday 27, CVC communicated that the parties have decided, by mutual agreement, to close the respective negotiations without proceeding with the acquisition.
Negotiations to purchase the company were announced in September of last year.
Petrobras receives BRL 1.3 billion gain from Sépia block
Petrobras (PETR4) received on Friday 27, in cash, the amount of R$ 1.3 billion, referring to the supplement to the company compensation (earnout) for the financial year 2022 of the Sépia block.
The amount already includes the pre-tax value of the 28%, 21% and 21% shares respectively of TotalEnergies EP Brasil, Petronas Petróleo Brasil and QatarEnergy Brasil in Sepia.
Pursuant to Ordinance no. 08 of 04/19/2021 of the Ministry of Mines and Energy (MME) and the announcement of the 2nd round of the tender on the Transfer of excess rights under the Production Sharing regime, held on 12/17/2021, were fixed earnout values for the Sépia and Atapu blocks, which will mature between 2022 and 2032, and payable starting from the last working day of January of the year following the one in which the price of Brent oil reaches an annual average greater than US$ 40/bbl, with a maximum limit of $70/bbl. Petrobras expects to receive the full payment related to the FY 2022 earnout, which is borne by the Sépia and Atapu block partners, by January 31, 2023.
Also this Friday 27, the oil company explained that the appointment of board members has not yet been formally communicated.
“Following the usual procedures for appointing executives, the candidate’s name must go through Petrobras’ internal governance procedures,” the state-owned company said.
In the case of members of the Executive Director, the final appointment will be subject to the approval of the Board of Directors, pursuant to the Law and the Articles of Association.
PetroReconcavo (RECV3) closes the natural gas contract with Sergas
PetroReconcavo (RECV3) reported over the weekend that it has signed a contract to compose the natural gas supply portfolio of Sergas – Sergipe Gás (Sergas).
The contract is valid for 10 years from the date of signature in a firm, flexible and interruptible manner in terms of content, explained the oil company.
The expected steady volumes are 50,000 m³/day of natural gas in the second half of 2023 and 100,000 m³/day of natural gas from 2024 to 2032. In the interruptible and flexible contractual mode, supply and withdrawal commitments are established only with prior agreement between the parties, upon request by the buyer and availability by the seller.
The gas price in said contract will be made up of the sum of the carryover of the transport cost (Transport Section) with the Molecule Traction. The molecular portion of the fixed volumes of natural gas in said contract is 13.6% of the Brent oil price for 2023 and 2024 and 12.6% of the Brent oil price for 2025-2032.
The minimum and maximum prices for the quotation of Brent Oil have been determined, which will be adjusted annually by US CPI inflation.
The start of the supply is conditional on the signing between Sergas and TAG of a contract for the transport of natural gas, corresponding to the departures from the delivery points determined by the buyer – a contract which is currently being negotiated.
Caixa Seguridade completes the sale of its stake in CNP Capitalização e Previsul
Caixa Seguridade Participações (CXSE3) completed on Friday 27 the sale of the entire stake held in CNP Participações em Seguros (Holding Saúde), which holds the stakes in Previsul and CNP Capitalização, for a total amount of R$ 166,776,244.10.
The Board of Directors of Banco Bmg (BMGB4) starts the process of succession to the office of Chief Executive Officer
The board of directors of Banco Bmg (BMGB4) has resolved to start the process of succession to the office of Chief Executive Officer of Bmg, held by Ana Karina Bortoni Dias.
“The succession process will take place in a planned manner and will continue the growth, expansion and digital transformation plan, also ensuring the values and governance processes”, highlighted the bank in a note to the market on the night of this Friday, 27 .
Ana Karina remains in office until the succession process is completed.
C&A Modas (CEAB3) extends its partnership with Bradesco
C&A Modas (CEAB3) announced on Friday 27 that, as resolved in the meeting of 25 January 2023 by its Board of Directors, it extended the partnership with Bradesco for a period of 2.5 years with maintenance of active current accounts and remuneration for the provision of the service for opening new accounts with Bradescard credit cards.
Fitch Confirms SBF Group Ratings (SBFG3)
The credit rating agency Fitch Ratings, one of the largest in the world, confirmed the national long-term rating “AA-(bra)”, with a “stable” outlook, from SBF Comércio de Produtos Esportivos (SBFG3).
According to the agency, the rating of the SBF Group takes into account its strong position in the retail of sports products in Brazil.
Fitch also explained that the rating is also based on expectations of maintaining low to moderate leverage, gradual margin growth and a lengthening of the debt program while the company remains on an aggressive expansion plan.
The SBF Group whose flagship is the Centauro brand.
Boa Vista (BOAS3): Márcio Fabbris takes over as CEO in February
Boa Vista Serviços (BOAS3) has informed that Márcio Henrique Bonomi Fabbris will assume the position of Chief Executive Officer of the company, replacing Dirceu Jodas Gardel Filho on February 15, 2023.
Márcio holds a BA in Economics from USP – University of São Paulo, with an MBA in Economics from Insper – Instituto de Ensino e Pesquisa.
Before joining the company, Márcio worked at Telefonica since 2003, and from 2015-2023 he held the position of Vice President of Sales and Marketing, before this experience he also worked at Mckinsey & Company (1999-2003), at Ernst & Young (1998-1999) and at Nestlé (1995-1998).
Wiz (WIZS3) will have a new ticker if the board approves a company name change
Wiz Soluções e Corretagem de Seguros (WIZS3) communicated that, in the event of approval of the change of company name which will be resolved by the shareholders’ meeting of February 8, the shares will be traded on B3 from the trading session of February 9, 2023 with the new commercial code (ticker) “WIZC3”, replacing the code “WIZS3”.
The new trade name will be “WIZ CO”.
“The trade code (ticker) and trade name swaps are in line with the company’s new strategic business positioning,” Wiz said in a statement.
inventory study
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Events on the market radar this week:
US interest
On Wednesday at 16 (Brasilia time), the Central Bank of the United States (Federal Reserve) announces its new base interest rate.
Most market analysts expect a rate hike of 25 basis points, in the range of 4.50% to 4.75%.
The market is closely following the announcement of the Open Market Committee (FOMC) and the press conference of the president of the central bank, Jerome Powell, at 4pm.
Interest in Brazil
In Brazil, the Monetary Policy Committee (Copom) will also release its decision on the base interest rate on Wednesday, starting at 18:30. The market expects the Selic rate to remain at 13.75% per annum.
Analysts are keeping an eye on the Committee’s statement to understand how the monetary authority sees the current scenario, the fiscal risk and the new government’s pressure for changes to inflation targets.
US employment data
The Payroll will be announced on Friday at 10:30 (Brasilia time) in the United States. This relationship with labor market data is an important indicator because it shows whether economic activity is on. The Central Bank monitors its impact on inflation.
The consensus of analysts polled by Refinitiv predicts 185,000 job creations in the country in January.
The ADP survey, with private sector job creation, will be presented on Wednesday at 10.30am.
China is back from vacation
After the holidays, stock exchanges in China returned to business this week. It is worth paying attention to the price of iron ore and its impact on the shares of mining companies such as Vale (VALE3) and CSN Mineração (CMIN3). On Monday at 22:30 (Brasilia time) the data on the industrial production of the Asian giant will be released.
Balance sheet of Alphabet, Apple and Amazon
In the United States, the highlight of the week is the quarterly results of the big companies in the technology sector.
On Wednesday, the company Meta, which controls Facebook, announced the result. Alphabet, the parent company of Google, Apple and Amazon, releases its quarterly earnings on Thursday.
Policy
The market follows this week’s House and Senate presidential elections and signals tax reform and the new tax peg.
Santander and Romi announce results this week
Tuesday 31 January Romi (ROMI3) announces the result after the market close. Thursday February 2, Santander Brasil (SANB11) announces the result before the market opens. Consult the complete program by clicking here.
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