Brazilian Strong Balance Sheet Stocks

Minupar Participações

Market Cap: R$281.9m

Through its subsidiaries, engages in the production and slaughtering of poultry primarily in Brazil.

Grupo Mateus

Market Cap: R$15.6b

Operates a supermarket chain in Brazil.

Grendene

Market Cap: R$4.7b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Embraer

Market Cap: R$58.9b

Designs, develops, manufactures, and sells aircraft and systems worldwide.

Westwing Comércio Varejista

Market Cap: R$53.5m

Operates as a shopping e-commerce company in Brazil.

Construtora Tenda

Market Cap: R$3.2b

Operates as a construction company in Brazil.

C&A Modas

Market Cap: R$5.0b

Operates as a fashion retailer for women, men, and children in Brazil and internationally.

PPLA Participations

Market Cap: R$2.4m

PPLA Participations Ltd. formerly known as BTG Pactual Participations Ltd.

Blau Farmacêutica

Market Cap: R$2.5b

A pharmaceutical company provides high-complpexity drugs in Brazil, Argentina, Chile, Colombia, Uruguay, Ecuador, Peru, and the United States.

Locaweb Serviços de Internet

Market Cap: R$2.5b

Offers hosting, software licensing, and technical support services in Brazil.

Vittia

Market Cap: R$748.6m

Offers fertilizers in Brazil and internationally.

Cambuci

Market Cap: R$407.9m

Manufactures football equipment in Brazil.

Lojas Renner

Market Cap: R$15.3b

Operates as a fashion and lifestyle company in Brazil, Argentina, and Uruguay.

Even Construtora e Incorporadora

Market Cap: R$1.5b

Operates as a real estate developer and builder in Brazil.

Bicicletas Monark

Market Cap: R$197.8m

Manufactures and sells bicycles in Brazil.

Caixa Seguridade Participações

Market Cap: R$45.3b

Provides various life and non-life insurance products in Brazil.

Viver Incorporadora e Construtora

Market Cap: R$36.4m

Operates as a residential real estate development and builder company in Brazil.

WEG

Market Cap: R$153.5b

Engages in the production and sale of capital goods in Brazil and internationally.

Méliuz

Market Cap: R$462.1m

Méliuz S.A., together with its subsidiaries, operate a virtual portal for the placement and dissemination of brands, products, services, and other advertising and publicity materials.

Bradespar

Market Cap: R$6.5b

Through its interest in VALE, operates as a mining company in the production of iron ore and pellets, and nickel in Brazil.

Investimentos Bemge

Market Cap: R$35.5m

Provides analysis and suggestion services on operational policies and expansion projects to companies in Brazil.

Enjoei

Market Cap: R$190.7m

Operates a marketplace platform for the purchase and sale of used products in Brazil.

São Paulo Turismo

Market Cap: R$240.9m

Operates as a tourism and events company in Latin America.

Vulcabras

Market Cap: R$5.3b

Through its subsidiaries, operates as a footwear company in Brazil and internationally.

REAG Investimentos

Market Cap: R$352.5m

Operates an online platform that connects professionals with seeking quotes and hire services in Brazil.

LPS Brasil - Consultoria de Imóveis

Market Cap: R$184.0m

Provides real estate brokerage services in Brazil.

M. Dias Branco Indústria e Comércio de Alimentos

Market Cap: R$9.6b

Engages in the manufacture, distribution, and sale of food products in Brazil.

Ambev

Market Cap: R$188.5b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Technos

Market Cap: R$410.3m

Engages in the manufacturing and wholesale distribution of wristwatches.

Tegma Gestão Logística

Market Cap: R$2.3b

Provides logistics management, transportation, and storage services in Brazil.

BB Seguridade Participações

Market Cap: R$64.6b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

T4F Entretenimento

Market Cap: R$39.4m

Operates as a live entertainment company in South America.

Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário

Market Cap: R$479.9m

Merito Desenvolvimento Imobiliario FII Fund specializes in real estate investments.

DTCOM - Direct to

Market Cap: R$31.7m

Provides educational technology solutions in Brazil.

Eternit

Market Cap: R$276.2m

Engages in roofing and construction solutions business in China.

CSU Digital

Market Cap: R$768.5m

A technology company for financial services, provides digital solutions for payments, embedded finance, customer experience, and loyalty and incentive programs in Brazil.