Resources

22 Resources for

emerging markets and incainvest

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IRSA's Weak Liquidity - Revenues Up, But So Are Expenses
IncaInvest.com submits: The Argentine real estate company IRSA (NYSE: IRS) reported a net loss of AR$70.3 million (US$21 million) for the quarter ended September 30, 2008. While total revenues increased by 11.3%, selling and administrative expenses were up 38.6%. IRSA is mainly engaged in development, sales and leasing of...
Tags: Emerging Markets, IncaInvest
External links 2008-11-26
D&S to Open in Peru, Begin Process of Internationalization
IncaInvest.com submits: Chile's largest retail chain, D&S (NYSE:DYS), announced Thursday plans to open three new retail outlets in Peru during 2009. D&S is among the ten largest retail chains in Latin America, and operates the brand names Lider and SuperBodega Acuenta. Three new supermarkets will be opened in Lima,...
Tags: Retail, Emerging Markets, IncaInvest
External links 2008-11-30
Cresud's Share Buyback Plan
IncaInvest.com submits: Argentine food and agriculture company, Cresud S.A. (NAS: CRESY) on August 26 announced the potential repurchase of AR$30 million (US$8.7 million), equalling approximately 2.5% of the company's market capitalization. The share buy-back plan was announced as a measure to 'lessen the drop and reduce the fluctuations of...
Tags: Emerging Markets, IncaInvest
External links 2008-12-07
Cresud Shares Rise as it Implements Buyback Plan
IncaInvest.com submits: Argentine food company Cresud (NASDAQ: CRESY) in August announced a plan to buy back AR$30 million (US$8.7 mln) of its own shares. Cresud has been buying back shares steadily, and on December reported the purchase of US$135 million in shares and ADRs, paying on average US$8.05 per...
Tags: Emerging Markets, IncaInvest
External links 2008-12-17
Ultrapar Rated a Sell
IncaInvest.com submits: IIR Group issued a SELL recommendation on the Brazilian energy company Ultrapar Participacoes S.A. (NYSE: UGP) on December 17, with a new price target for the company's ADR at US$16.03. Although IIR anticipates a 9% fundamental downside to the share, the outlook for the ADR is worse,...
Tags: Emerging Markets, Energy, IncaInvest
External links 2008-12-17
Cemex Projects Low Q4 Amid Overall Tightening in Global Markets
IncaInvest.com submits: CEMEX (NYSE:CX), a Mexico based cement manufacturer, announced in its December guiding that the EBITDA for the fourth quarter ending 31st December could decrease by 27%, compared to the same period last year due to currency fluctuations and sale of assets in Venezuela and Gran Canarias. ...
Tags: Emerging Markets, Materials/Industrials, IncaInvest
External links 2009-01-06
Homex: Actively Preparing for Potential Slowdown
IncaInvest.com submits: The Mexican home development company Desarrolladora Homex (NYSE: HXM) reported 'satisfactory' results for 3Q'08, with a revenue growth of 17% year-on-year, but suffered negative net result due to a foreign exchange loss of US$22.09 mln. Total revenues for the third quarter reached US$348.5 million, a 17% growth...
Tags: Emerging Markets, IncaInvest
External links 2009-01-07
Petrobras' Exporting Has Record Breaking December
IncaInvest.com submits: Petrobras PBR reported their December exportation figures, which reached 620 thousand barrels per day, a record for the period. The record surpassed the previous record, reached in October 2008, which was 574 thousand barrels per day. At month's end, exports totaled 19.234 million barrels. According to...
Tags: Emerging Markets, Energy, IncaInvest
External links 2009-01-16
Votorantim Celulose Becomes a Main Shareholder in Aracruz Celulose
IncaInvest.com submits: The Brazilian company Votorantim Celulose VCP announced Tuesday (1/20/09) that it has acquired 28.03% of the voting capital of Aracruz Celulose ARA at a cost of U.S. $2.71 billion, becoming one of the main shareholders in the company. VCP may buy another equally sized share in the...
Tags: Emerging Markets, Materials/Industrials, IncaInvest
External links 2009-01-21
If Oil Stays Down, Petrobras May Lower Gas Prices
IncaInvest.com submits: The director of Supply and Refining for Petrobras PBR, Paulo Roberto Costa, said in a statement that the company may reduce the price of petrol and diesel if the price of oil remains at the current level for a longer period of time. The company, however, believes...
Tags: Emerging Markets, Energy, IncaInvest
External links 2009-01-21
Ecopetrol's Partnership with Glencore in Cartagena Complicated by Global Crisis
IncaInvest.com submits: Like many other infrastructure projects, the expansion of Cartagena's refinery has not been different and has been subject to strong friction between the state owned Ecopetrol EC and its Swiss partner Glencore, which could delay the expansion of the refinery of Cartagena, which is considered one of...
Tags: Emerging Markets, Energy, IncaInvest
External links 2009-01-22
Embotelladora Andina: Profits Grew in 2008
IncaInvest.com submits: Profits for the Chilean soft-drink manufacturer Embotelladora Andina (NYSE: AKO.A) reached Ch$94.8 bln (US$157 mln) in 2008, 6.7% above the 2007 figures. The Operating Result reached Ch$138.7 bln (US$227 mln), a 10.3% increase from 2007. by IncaInvest
Tags: Retail, Emerging Markets, IncaInvest
External links 2009-01-30
Endesa Chile's Earnings Show 52% Improvement from 2007
IncaInvest.com submits: The Chilean energy company Endesa Chile (NYSE: EOC) reported strong earnings for 2008, with Net Income reaching Ch$443 bln, which equals US$721 mln at CLP614/USD. Endesa's 2008 result is a 52.8% improvement from the Ch$210 bln (US$342 mln) obtained in 2007. The strong...
Tags: Emerging Markets, IncaInvest
External links 2009-02-02
Banco de Chile: Despite Lower Q4 Income, Profit Grew in 2008
IncaInvest.com submits: In spite of lower income in the fourth quarter, Banco de Chile's (NYSE: BCH) Net Income for 2008 increased by 3.3% year-on-year, and arrived at Ch$272 bln, which amounts to US$438.5 mln at the current exchange rate of CLP620/USD, and US$3.33 per ADR. ...
Tags: Emerging Markets, Financial, IncaInvest
External links 2009-02-05
Lan Airlines's 2008 Income Shows 8.9% Improvement from 2007
IncaInvest.com submits: The Chilean Airliner Lan Airlines LFL reported net income of US$117.1 mln for 4Q'08, and US$335.7 mln for the full year 2008, which translates to US$0.99 per share on an annual basis. Income for the full year is an 8.9% improvement from the US$308.3 mln achieved in...
Tags: Emerging Markets, Transport, IncaInvest
External links 2009-02-05
Chile in 2009: Economists Expect a Recession
IncaInvest.com submits: The country has seen dramatic shifts in the economic climate recently, due to the international slowdown. Although Chile's stock market has held up well, 79% out of 70 economists who participated in a recent survey by Diario Financiero said they expect Chile to be in recession in...
Tags: Emerging Markets, IncaInvest
External links 2009-03-09
Cencosud's Strong Q4 Growth Due to Penetration of New Markets
IncaInvest.com submits: The Chilean retail chain Cencosud (CSUDF.PK), which operates shopping malls across Chile, Argentina, Colombia, Brazil and Peru, reported 61.7% growth in revenues for 4Q'08, arriving at Ch$1.927 bln (US$3.19 bln at Ch$605/USD). In spite of the strong growth, the Operating Income was in fact down by 5%...
Tags: Retail, Emerging Markets, IncaInvest
External links 2009-03-10
Banco Macro: Trading at Low P/E Levels Despite Strong Earnings
IncaInvest.com submits: The Argentine bank Banco Macro (NYSE:BMA) reported AR$184.1 mln Net Income in 4Q'08, up 9% from 4Q'07 and 13% from the previous quarter. In spite of a strong solvency ratio, with AR$1.8 bln (US$493 mln) in excess capital, which implies a 22.9% capitalization ratio, the company is...
Tags: Emerging Markets, Financial, IncaInvest
External links 2009-03-11
Roubini Calls Brazil an 'Accidental Victim' of Global Recession
IncaInvest.com submits: Economist Nouriel Roubini sees Brazil as an "accidental victim" of the global economic crisis, which will worsen further into a "severe global recession". The economist, who has been called "Mr. Doom" for his negative outlook on the global financial picture spoke in Sao Paulo about the coming...
Tags: Emerging Markets, IncaInvest
External links 2009-03-13
Mexico's Credit Rating: Still Investment Grade
IncaInvest.com submits: In a special report, Mauro Leos (Moody’s Vice President) said that in the absence of elements that can lead to a sudden deterioration in the indicators of debt and hence a lower rating, the credit profile of Mexico is in line with the respective countries whose rating...
Tags: Emerging Markets, IncaInvest
External links 2009-03-25
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