A director at Santos Brasil Participacoes S.A. sold 131,000 shares at 12.729BRL and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last...
On 10 August 2021, SANTOS BRASIL PARTICIPAÇÕES S.A. (the company) reported its 1H21 financial results. Both container volumes and net revenue increased by double digits to 26.1% and 54.7% respectively. Consequentially, EBITDA increased more than three times to BRL 246.7mn (USD 49.4mn), translating into a significantly higher margin of 35.5% (vs. 17.4% in 1H20). We continue to believe that the company’s large share in Brazil’s strategically important port (Port of Santos) is a major advantage but...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The company’s large share in Brazil’s strategically important port (Port of Santos) is a major advantage. Also, the new logistics and cabotage businesses are future growth drivers, holding high potential. Despite these positives, we rate the company Neutral as it is already trading in the overvalued zone with EV/LTM EBITDA of 20x (vs the 10x average of Drewry’s port portfolio). Moving forward, we believe investors should wait for a dip before increasing their exposure.
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