CCU, Falabella, Gol, Hypermarcas: 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 fell 2.1 percent to 4,096.36, a third day of losses.

Argentina

Mirgor SACIFIA (MIRG AF): Argentine vehicle production increased 23 percent in July from a year earlier, the country’s Automakers Association said in an e-mailed report. Auto exports rose 25 percent while sales climbed 35 percent during the same period, according to the report released yesterday. Mirgor, which produces auto parts, slid 1.2 percent to 117 pesos.

Brazil

Gol Linhas Aereas Inteligentes SA (GOLL4) (GOLL4 BS): The Brazilian airline’s corporate family rating was cut to B1 from Ba3 by Moody’s Investors Service, according to an e-mailed statement. The rating affects approximately $745 million of debt securities. The outlook is stable. The shares plummeted 8.1 percent to 10.84 reais.

Hypermarcas SA (HYPE3) (HYPE3 BS): Bonds issued by Brazil’s fifth- largest consumer goods company are a “buy” after speculation the company used inappropriate financial adjustments drove yields up, analysts at Banco BTG SA wrote in a report yesterday. BTG said the speculation is unfounded and the company isn’t close to breaching financial covenants. Hypermarcas shares rose 1.4 percent to 11.10 reais.

Vale SA (VALE3) (VALE5 BS): The Brazilian mining company building a fleet of the world’s largest iron-ore carriers said it will receive as many as four additional new vessels by year-end. Vale will receive its first Korean-made ship, known as a Valemax, by September, General Manager of Shipping Engineering Nelson Coelho said. The stock lost 2.7 percent to 43.61 reais.

Chile

Cia. Cervecerias Unidas SA (CCU CC): Chile’s largest brewer had second-quarter net income of 10.2 billion pesos ($22.2 million), down from 20.6 billion pesos a year earlier, according to data posted on the website of Chile’s securities regulator. The shares slipped 2.7 percent to 5,000 pesos.

SACI Falabella (FALAB) : Chile’s largest retailer by market value reported second-quarter profit of 109 billion pesos, a 14 percent increase from 95.5 billion pesos a year earlier, according to a statement posted on the website of Chile’s securities regulator. The average estimate of five analysts surveyed by Bloomberg News was for profit of 107 billion pesos. The stock sank 3.4 percent to 4,263.70 pesos.

Colombia

Bancolombia SA (BCOLO) : Colombia’s largest lender reported a 32 percent increase in consolidated second-quarter profit compared with a year earlier. Net income rose to 386 billion pesos ($218 million) in the second quarter, the company said yesterday in a regulatory filing. The shares fell 1 percent to 28,500 pesos.

Helm Bank SA (PFBHELMB) : The Colombian lender sold 300 billion pesos of bonds in the domestic market, the stock exchange said in an e-mailed statement. The shares gained 3.9 percent to 343 pesos.

Mexico

America Movil SAB (AMXL MM): Standard & Poor’s Ratings Services affirmed its A- global scale long-term ratings on the Mexican wireless telecommunications company controlled by billionaire Carlos Slim. The outlook on America Movil is stable after the company announced on Aug. 1 a tender offer for all outstanding shares that it doesn’t own of Telefonos de Mexico SAB. America Movil shares fell 1.1 percent to 14.42 pesos.

Grupo Aeroportuario del Pacifico SAB (GAPB MM): The operator of airports in the Pacific and central regions of Mexico said board members Ernesto Vega Velasco and Jose Manuel Rincon Gallardo resigned. The company will begin proceedings to appoint new board members, it said in a statement to the Mexican stock exchange. The shares declined 0.3 percent to 47.68 pesos.

To contact the reporter on this story: Bryan Gibel in New York at bgibel@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at dpapadopoulos@bloomberg.net

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