Share offerings could reach up to R$1,400 billion
The estimate is that share offerings in Brazil will reach R$1.4 billion. If this forecast materializes, it will be a new record in the financial market. Everything indicates that financing for Brazilian companies in bag must continue.
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Continue reading this article and learn all about the main stock news in Brazil in 2020.
Stocks in 2020 everything you need to know
In the words of Fábio Nazari, head of capital markets at BGT Pactual, the forecast is that shares will double in value this year compared to 2019.
Firstly, this entire movement must be fueled by large Brazilian state-owned companies such as Petrobrás, Caixa and also by the National Bank for Economic and Social Development, BNDES, on the stock exchange.
In short, the sales of Petrobrás shares alone amount to R$1,400,000 billion.
In fact, due to the drop in interest rates, which went from 14% to 4.5%, investors changed their options, placing their investments in real estate funds and variable income.
Petrobras share offerings begin in February
Second, it's worth noting that BNDES will place billions of Petrobras shares on the market, totaling R$ (734.2 million common shares). Therefore, it is expected that 20% of these shares will be sold to individuals and the remaining 80% to institutional investors.
Indeed, Petrobras shares are the most traded on the market. They represent 10.51% of the Ibovespa, the Brazilian stock market index.
Those who reserved Petrobras shares have the right to specify the maximum price they will pay. However, if the share price on the trading day becomes more expensive, the customer can cancel the reservation at no cost.
In January, the value of Petrobrás common shares closed at R$30.35.
It is important to say that the minimum investment value for individuals is R$1,000.00 and the maximum is R$1 million.
The state-owned company is currently experiencing a positive moment, and the trend is for it to continue rising. This presents a great opportunity for individuals seeking a long-term investment.
In the words of Álvaro Bandeira, chief economist at digital bank Modalmais, Petrobras is selling refining and logistics assets, consequently increasing all efforts in the central area.
In short, the company is increasing cash and reducing debt, returning to growth again.
According to this entire previous framework, data shows that in the third half of 2019 the company had a net profit of R$1,409 billion, and the forecast is that this margin will continue to develop.
Petrobras stock calendar
In short, check out Petrobras' stock calendar here and don't miss any dates:
- February 4: deadline for reserving shares Petrobras
- February 5th: This will be the day the share price will be set
- February 7: Petrobrás shares enter the market.
- February 10: date to make payment for shares.
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