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Embraer, Suramericana, Vale: 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 0.7 percent to 4,291.84.

Brazil

Gol Linhas Aereas Inteligentes SA (GOLL4) (GOLL4 BS): The Brazilian airline boosted its forecast for domestic demand to 12 percent to 18 percent for the year, according to a regulatory filing. The shares slid 1.5 percent to 15.31 reais.

Embraer SA (EMBR3) (EMBR3 BS): The world’s fourth-largest airplane maker reported second-quarter net income of 153.8 million reais ($98.1 million), up from 101.7 million reais during the same period last year, according to a regulatory filing. The stock fell 1.4 percent to 10.46 reais.

Usinas Siderurgicas de Minas Gerais SA (USIM5) (USIM5 BS): Brazil’s second-biggest steelmaker approved a revolving credit line of $750 million, according to a regulatory filing. The shares climbed 1.9 percent to 11.24 reais.

Vale SA (VALE3) (VALE5 BS): The world’s largest iron-ore producer said second-quarter profit rose 74 percent from a year earlier to $6.45 billion, or $1.22 a share, the Rio de Janeiro based company said in a regulatory filing. The company was expected to post per-share profit of $1.39 on an adjusted basis, according to the average of 13 analyst estimates compiled by Bloomberg. The shares added 0.9 percent to 46.27 reais.

Chile

Empresas Iansa SA (IANSA) : Chile’s largest sugar producer had second-quarter net income of $3.28 million, down from $3.89 million a year earlier, according to data posted on the Chilean securities regulator’s website. The shares rose 1.1 percent to 46.23 pesos.

Empresas La Polar SA (LAPOLAR) : The Chilean retailer that set aside $900 million for loan-loss provisions will seek a court agreement with creditors to renegotiate repayments and avoid bankruptcy, according to a statement posted on the securities regulator’s website. The stock rose 4.6 percent to 470.89 pesos.

Soc. de Inversiones Pampa Calichera SA (CALICH CC): Shareholders will vote Aug. 17 on splitting the company into two separate firms, one of which will maintain the name and another that will be called Potasios de Chile SA, according to a statement posted on the website of Chile’s securities. The shares were unchanged at 800 pesos.

Colombia

Grupo de Inversiones Suramericana SA (GRUPOSUR) : The parent company of Colombia’s biggest bank said second-quarter profit dropped 40 percent from a year earlier to 78.3 billion pesos ($44.2 million), according to a regulatory filing. the shares rose 1.5 percent to 35,920 pesos.

Mexico

Grupo Comercial Chedraui SA (CHDRAUIB MM): The supermarket chain based in Xalapa, Mexico, reported second-quarter net income of 438 million pesos ($37.4 million) and sales of 13.1 billion pesos, according to a filing with the Mexican stock exchange. The shares fell 1.6 percent to 36 pesos.

Grupo Elektra SA (ELEKTRA* MM): The retail and banking company controlled by billionaire Ricardo Salinas sold $400 million of bonds due in 2018 to yield 7.5 percent, according to data compiled by Bloomberg. The shares surged 5.6 percent to 821.67 pesos.

Grupo Financiero Inbursa SA (GFINBURO) : The financial services firm controlled by billionaire Carlos Slim reported second-quarter net income of 1.2 billion pesos, according to a filing to Mexico’s stock exchange. The company also said it won a $466 million insurance contract from Petroleos Mexicanos, Latin America’s largest oil producer. The stock fell 1.4 percent to 56.35 pesos.

Organizacion Soriana SAB (SORIANAB MM): Mexico’s second- largest grocery store chain has seen “drastically decreased” customer traffic to its stores after sunset in northern cities because of violence related to organized crime, Chief Financial Officer Aurelio Adan said on a conference call with analysts yesterday. The shares climbed 1.1 percent to 32.17 pesos.

Vitro SAB (VITROA MM): Mexico’s largest glassmaker reported second-quarter net income of 288.8 million pesos, according to a filing to the Mexican stock exchange. The shares rose 2.5 percent to 11.27 pesos.

To contact the reporters on this story: Bryan Gibel in New York at bgibel@bloomberg.net; Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net

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

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