Brazilian Market Community

A Brazilian farmland fund is priced below what its underlying properties are worth, while still paying out steady income from long-term leases to big farm operators. The upside comes from the gap closing and from selling or upgrading parts of the land over time, but the big watch-outs are shifting interest rates and swings in farm commodity markets.Read more

Rating: Buy / Quality Cyclical Growth Style: Aerospace OEM with backlog-driven visibility and multi-segment optionality Core debate: Is Embraer simply a smaller aircraft manufacturer benefiting from an aerospace upcycle, or is it a niche aerospace platform with durable competitive positions, improving margins, and an unusually attractive backlog-to-revenue profile? Executive view Embraer looks increasingly like one of the more attractive ways to invest in aerospace without taking full exposure to the execution problems and balance-sheet complexity of the largest airframers.Read more

TAKE AWAY: Preco descontado, bons ativos, todos no raio 30KM, boa geracao de renda, relatorio gerencial consistente, boa gestao. Exposicao à casas Bahia (atualmente em RJ), atualmente o contrato de locacao nao foi afetado, pior cenario podera gerar uma boa oportunidade de compra.Read more

This real estate fund looks cheap and has been paying steady income, but several red flags cloud the story. The buildings sit in less desirable spots, some depend on a single tenant, and updates from management arrive late—raising questions about how dependable that income really is.Read more

With increasing investments in defense in many regions of the world, Embraer's KC390 airplane is ready to dominate the military mid-size transport airplane market worldwide, given its proven low-operational costs and high technological capabilities. Adding to that, Embraer has a large corp of highly capable young aeronatical-military engineers from the Instituto Militar de Aeronáutica (ITA), while adding to its current industrial expertise the partnership with Swedish SAAB, which includes the on-going tranference of technology on the manufacturing the Grippen fighters in Embraer's plants in Brazil.Read more

Auren energy is an energy player with an installed capacity of 8.8GW in Brazil with the majority of its assets in hidropower (54%), wind (36%) and solar (10%). The company has recently acquired the hydropower assets of AES Tiete, along with its impressive debt.Read more

Narrativa do Valor Justo O valor justo da BB Seguridade reflete sua posição de destaque no setor de seguros no Brasil e sua capacidade de continuar a gerar fluxos de caixa sólidos. A empresa está bem posicionada para se beneficiar da crescente demanda por seguros e produtos de previdência, mas deve navegar com cuidado em um ambiente regulatório e econômico desafiador.Read more

KNOWING WHEN TO BUY THIS STOCK: a. Do I have a well-thought-out narrative around this stock?Read more

Multiplan bets that upgrading its top shopping malls and adding homes and offices around them can keep shoppers coming and steady out income even in a shaky economy. But its heavy focus on Brazil and the risk that online shopping wins faster than expected could still squeeze rents and cash flow.Read more