Halister News

(Bloomberg) -- The medium- and long-term window has been opened for stock offers in Brazil and the amount may exceed 20 transactions easily, reaching 30b reais this year, says Andre Rosenblit, equities director at Santander, in an interview with Bloomberg. See the highlights of the interview:

• Year can be exceptional for transactions in general, IPO, follow-on and even delisting operations
• Global liquidity, growing world and improved corporate results form the perfect backdrop for long-term investment in the stock market
• In Brazil, profits increase should reach 20% in 2017
• Investor is more selective and if he has doubts about the future of the company, he demands discount
• Several sectors can have new companies, such as transportation, financial sector, retail and health
  • The larger the volume, the greater the demand because the company can access global investors that guarantee the operation
• The risks to the favorable momentum for stock exchange investments are Donald Trump and any accusations that could jeopardize the government of Brazil’s President Michel Temer
• NOTE: Since the beginning of the year, Movida, Hermes Pardini and CCR have launched shares totaling 5.6b reais, equivalent to half of the 10.7b reais issued last year, according to data from Anbima
  • Of the total this year, 4.07b reais came from CCR’s follow-on, indicating that there is more demand for the infrastructure sector
  • Unidas had to cancel its IPO and pointed to “unfavorable market”
  • Movida’s operation stayed on the floor of the established price range, in a sample of the selectivity of the investors