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Chris Hoare
  • Chris Hoare

Global EM Telcos & Towers – On Fire - NSR GEM Top-10 April 25 Update. ...

Our picks were on fire in March, with our top EM Telcos now up 27% YTD on average. This note also includes key news & other thoughts catalysts, help investors generate alpha within the EM Telco space.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Chris Hoare
  • Chris Hoare

TIM Brasil (Buy, TP: R$22, +29%) Feedback from small group call with ...

We hosted a small group Zoom call with TIM Brasil CEO, Alberto Griselli, and Head of IR, Vicente Ferreira last Tuesday. Overall tone was positive

Chris Hoare
  • Chris Hoare

TIM Brasil (Buy, TP: BRL22, +27%) New R$1bn share buyback plan approv...

TIM Brasil has approved a new share buyback plan, up to R$1bn (US$ 173m), which represents a significant uptick in overall shareholder remuneration. This is another positive development following its new medium term guidance. With a net cash position and 14% 2025 FCFE yield, the stock is a compelling Buy and represents one of our Top Picks in EM with a R$ 22 price target.

Chris Hoare
  • Chris Hoare

LatAm Telcos: Outlook 2025 – Market repair continues, TIM Brasil and V...

Fundamentals continue to look pretty good to us in Latin America, with market repair continuing across wireless markets and further consolidation likely. Macro / political risk is probably the biggest issue. We upgrade TIM Brasil and Vivo to Buy. Price targets rise to BRL22 and BRL66 (from BRL19 and BRL57 ) respectively.

Soomit Datta
  • Soomit Datta

NU US (Neutral, TP: $13, -15%) Q3 24: NuCel the Telco disrupter, diver...

NU reported numbers which missed a touch at NIM on a combination of lower yields and higher funding cost. The latter continues to be driven by deposit ramp and still relatively low lending in Mexico.

Soomit Datta
  • Soomit Datta

STNE US (Neutral, TP: R$15, +40%) Q3 24 - Promising pricing; PIX and r...

StoneCo reported Q3s after close. Underlying TPV growth on MSMB including PIX remained at a healthy 20% y/y, slowing a touch from 25% in Q2, whilst profitability was good with numbers coming in ahead at PBT (6%) – supported partly by unwinding of credit provisions.

Soomit Datta
  • Soomit Datta

VIVT3 (Buy, TP: R$61, +15%) TIMS3 (Buy, TP: R$23, +43%) AMX (Buy, TP: ...

Rounding off the reporting season, Vivo reported solid Q3s results with a 3% beat at EBITDA and the best postpaid net adds in Brazil this quarter.

Soomit Datta
  • Soomit Datta

TIM Brasil (Buy, TP: R$23, +43%) - Q3 24: In-line trends, Nubank and p...

TIM has delivered solid Q3s, with a small beat at EBITDAaL combined with lower capex intensity to support very strong OpFCF after leases (+23% y/y) this quarter. Growth trends are naturally easing through the year, which is captured within reiterated FY guidance, though is perhaps spooking the market.

Soomit Datta
  • Soomit Datta

NU US (Neutral, TP: $13, -15%) TIM (BUY, TP: R$23, +44%) Vivo (BUY, TP...

Nubank’s MVNO, NuCel, launched in Brazil yesterday. We run through pricing and compare with peers, seeing the product as competitive but not particularly aggressive.

 PRESS RELEASE

StoneCo Ltd. to Announce Third Quarter 2024 Financial Results on Novem...

StoneCo Ltd. to Announce Third Quarter 2024 Financial Results on November 12th, 2024 GEORGE TOWN, Grand Cayman, Oct. 16, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) today announces that it will release its third quarter 2024 financial results on Tuesday, November 12th, 2024, after the market closes. The Company will also host a conference call to discuss its results on the same day at 5:00pm ET (7:00pm BRT). The conference call can be accessed live over the Zoom webinar (ID: 851 7712 3588 | Password: 819157). You can also access the meeting over the phone b...

 PRESS RELEASE

StoneCo Announces Additional Board Change

StoneCo Announces Additional Board Change GEORGETOWN, Cayman Islands, Sept. 20, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) today announced an additional board change to support the next stage of the Company’s growth. Stone’s Board has approved, effective immediately, the appointment of Antonio Silveira as a Board Member. Mr. Silveira is currently Chief Technology Officer (“CTO”) at Attentive, company leader in AI-powered mobile marketing solutions. Mr. Silveira has over 15 years of experience in technology, having led organizations throug...

Soomit Datta
  • Soomit Datta

PAGS US (BUY, TP: $15, +8%) Q2 24 - Quick Take: Nice beat and (smaller...

PagSeguro Q2s were again ahead at TPV (10%) and revenue (5%) which flowed through to net income (+4%).

 PRESS RELEASE

StoneCo Reports Second Quarter 2024 Results

StoneCo Reports Second Quarter 2024 Results GEORGE TOWN, Grand Cayman, Aug. 14, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone” or the “Company”) today reports its financial results for its second quarter ended June 30, 2024. Adjusted EBTMSMB CTPV (Card TPV)R$652 millionR$97.8 billion+45.9% year over year+17.4% year over year  Adjusted Net incomeAdjusted Basic EPSR$497 millionR$1.61+54.4% year over year+57.2% year over year   Business Overview Stone has made significant progress in the second quarter across our strategic priorities, advancing in critical areas a...

Soomit Datta
  • Soomit Datta

TIMS3 (Buy, TP: BRL23, +32%) VIVT3 (Buy, TP: BRL61, +26%) AMX (Buy, TP...

TIM Q2s: As with Claro and Vivo, TIM delivered a robust set of Q2 results. Both revenue and EBITDA beat consensus by ~1% though at EBITDAaL TIM outperformed with a +5% beat, supported by stable Leases compared to Q1. Service revenue maintained consistent growth in-line with previous quarters (~7% y/y) from faster postpaid, and maintained negative prepaid. H1 EBITDA (and revenue) continued to trend slightly above the FY24 guidance. Despite management’s confidence in achieving targets for the year...

Soomit Datta
  • Soomit Datta

VIVT3 (Buy, TP: BRL61, +26%) Vivo Solid Q2s – Small revenue and underl...

Vivo has reported a solid set of Q2 results with a small beat at revenue and an acceleration in both revenue and EBITDA trends.

 PRESS RELEASE

StoneCo Releases the 2023 Sustainability Report

StoneCo Releases the 2023 Sustainability Report GEORGE TOWN, Cayman Islands, July 30, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) announces the release of its 2023 Sustainability Report, prepared based on indicators of the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). The Company also started reporting climate information according to the recommendations from the Task Force on Climate Related Financial Disclosures (TCFD).  to access the document. About StoneCo StoneCo is a leading provider of...

 PRESS RELEASE

StoneCo Ltd. to Announce Second Quarter 2024 Financial Results on Augu...

StoneCo Ltd. to Announce Second Quarter 2024 Financial Results on August 14th, 2024 GEORGE TOWN, Grand Cayman, July 17, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) today announces that it will host a conference call to discuss its second quarter 2024 financial results on Wednesday, August 14th, 2024 at 5:00pm ET (6:00pm BRT). A press release with second quarter 2024 financial results will be issued after the market closes that same day. The conference call can be accessed live over the Zoom webinar (ID: 854 5992 8852| Password: 819157). You can also access ...

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