AmBev, General Shopping, Vapores: 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 gained 0.3 percent to 4,559.37. Brazilian and Mexican markets were closed yesterday.


Cia. de Bebidas das Americas (AMBV4 BS): Brazil’s biggest brewer said third-quarter net income rose to 1.82 billion reais from 1.23 billion reais a year earlier. The shares declined 0.2 percent to 236 reais.

General Shopping Brasil SA (GSHP3 BS): The Sao Paulo-based shopping mall operator may pay a yield of 10 percent to 10.25 percent on its planned sale of perpetual bonds, according to a person familiar with the offering. General Shopping rose 2.5 percent to 12.90 reais, the highest level since June 2008.

Weg SA (WEGE3 BS): The industrial machinery maker has been lowered to “hold” from “buy” by Banco Santander SA analysts Daniel Gewehr, Bruno Giardino and Luis Miranda with a 24.50 reais share-price estimate for end-2011. The shares rose 2.9 percent to 22.61 reais.


Cia. Sudamericana de Vapores SA (VAPORES CC): Latin America’s largest container shipping company will sell as many as 213 million shares in a rights offering from Nov. 16 through Dec. 15. The shares will be made available at 500 pesos each to investors who have owned the stock since Nov. 10, according to a statement posted today on the Santiago exchange’s website. Vapores fell 1.4 percent to 643.01 pesos.


Ecopetrol SA (ECOPETL CB): Ecopetrol and Petroleos de Venezuela SA may create a venture to produce heavy crude oil from the Orinoco Belt, according to a list of agreements read today during an event in Caracas between Venezuelan President Hugo Chavez and Colombia’s Juan Manuel Santos. The shares gained 0.3 percent to 4,425 pesos, the highest ever.

Interconexion Electrica SA (ISA CB): The Colombian state-controlled energy company said nine-month profit fell to 291.7 billion pesos, a 7.4 percent decline from the same period a year earlier. The shares fell 0.7 percent to 14,500 pesos.

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