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Asur, Grupo Bimbo, Eletrobras, Ideal, Natura: Latin America Equity Preview
The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.
The MSCI Latin America Index rose for a third day, increasing 0.7 percent to 3,908.89. In Brazil, preferred shares usually are the most-traded class of stock.
Brazil
Centrais Eletricas Brasileiras SA (ELET6 BS): Brazil’s state-controlled utility will bid for the contracts to build and operate three hydroelectric dams in Brazil in a July 30 government auction, Chief Executive Officer Jose Antonio Muniz told reporters in Brasilia. Eletrobras, as the company is known, was unchanged at 26.30 reais.
Natura Cosmeticos SA (NATU3 BS): Brazil’s biggest cosmetics maker reported second-quarter net income of 191.5 million reais, an increase of 14 percent compared with the same period last year. The stock fell 2.7 percent to 39.99 reais.
Mexico
Grupo Aeroportuario del Sureste SAB (ASURB MM): The operator of Mexico’s Cancun airport is scheduled to report earnings before the market opens, according to data compiled by Bloomberg. Shares fell 0.4 percent to 64.33 pesos.
Grupo Bimbo SAB (BIMBOA MM): The world’s largest breadmaker said second-quarter profit dropped as the U.S. dollar weakened against the Mexican peso. Net income fell to 1.3 billion pesos ($100 million) from 1.4 billion pesos in the year-earlier period, the Mexico City-based company said in a statement to the stock exchange. Profit missed the 1.6 billion peso estimate from Citigroup Inc. The stock rose 0.8 percent to 97.36 pesos.
Impulsora del Desarrollo y el Empleo en America Latina SAB (IDEALB1 MM): The real-estate financing firm controlled by Mexican billionaire Carlos Slim reported a second-quarter net loss of 464 million pesos ($36 million). The stock fell 0.3 percent to 15.5 pesos.
To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net
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