Markets this Wednesday, oil, ore, news from Cyrela, Cury, JHSF, Petrobras and other highlights

Exchanges, oil and bitcoin (7:55 am)

Germany (DAX): +0.02%

London (FTSE 100): +0.17%

China (Shanghai Comp.): -0.01% (closed trading session)

Japan (Nikkei 225): +2.50% (closed trading session)

Hong Kong (Hang Seng): +0.47% (closed trading session)

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Brent Oil: +1.45% ($87.1). Brent is a benchmark for Petrobras.

WTI Oil: +1.79% ($81.8)

Bitcoin Future: -0.94% ($21,280)

Iron ore

The most liquid iron ore futures contract traded on the Dalian Stock Exchange, in China, closed up 0.89% at 842 yuan (US$ 124.7). The quotation may impact the shares of Brazilian Vale (VALE3), CSN (CSNA3) and CSN Mineração (CMIN3). This data was obtained from the link: http://www.dce.com.cn/DCE/Products/Industrial/Iron%20Ore/index.html

New York stock futures

At 7:55 am on Wall Street, the Dow Jones futures traded down 0.02% and the S&P 500 futures up 0.05%. Nasdaq futures rose 0.03%.

Inflation in the US

This Wednesday morning the producer price index will be released in the United States. The data will refer to December and may affect the market if it comes much higher or lower than expected.

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Corporate news:

Vale announces 4Q22 results on 02/16

Vale (VALE3) will release its results for the fourth quarter of 2022 (4Q22) on Thursday, February 16, after market close.

The presentation of the production and sales report will be on January 31st, Tuesday, also after the market closes.

The results conference call will be held on February 17th, Friday. The time will be 11am/9am/2pm (Brasilia/New York/London time).

Petrobras reaches 2022 annual production target

Petrobras (PETR3, PETR4) disclosed that in 2022 it exceeded the oil and natural gas production target, disclosed to the market in a material fact on November 24, 2021 and revised on January 14, 2022, within the considered margin of 4% more or less.

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According to the oil company, total oil and gas production was 2.684 million barrels of oil equivalent per day (boed), surpassing the target of 2.600 million boed by 3.2%, within the disclosed range of ± 4.0% .

Still according to Petrobras, commercial production reached 2.361 million boed, 2.7% above the target of 2.3 million boed, also within the range of ± 4.0%.

The state-owned company announced that oil production stood at 2.154 million barrels per day (bpd), 2.6% above the target of 2.1 million bpd, and within the range of ± 4.0%.

Cury (CURY3) releases the operational preview for 4Q22

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Cury Construtora e Incorporadora (CURY3), one of the leading builders in the residential segment in Brazil operating in the metropolitan regions of São Paulo and Rio de Janeiro, released on Tuesday, 17, the preview of its operating results for the fourth quarter of 2022 ( 4Q22).

In 4Q22, 5 developments were launched, 3 located in SP and 2 in RJ, totaling a Potential Sales Value of R$556.2 million, a 29.4% decrease compared to the same period of the previous year.

The reduction in the volume of launches in 4Q22 is part of a decision by Cury to concentrate the highest volume of launches until the 3rd quarter, avoiding the election period and the World Cup, which may be less attractive to the public at the stands.

In the accumulated result for the year, Cury launched 23 projects, 16 of which are located in SP and 7 in RJ, with a total PSV of R$3.312 billion.

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According to the company, the performance represents a historic record and an increase of 19% compared to that recorded in 2021.

In 4Q22, net sales reached R$753.1 million, an amount that represents a 15% decrease compared to the previous quarter and an increase of 23.2% compared to the same period of the previous year. "As mentioned about launches, the reduction in the amount of net sales was due to Cury's strategy of concentrating the highest volume of launches until the 3rd quarter", said Cury.

JHSF Participações (JHSF3) discloses the operational preview. Check the numbers:

JHSF Participações (JHSF3) released the operating previews of its segments for the fourth quarter of 2022 (4Q22) and the consolidated for 2022 the day before.

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In the Real Estate Development segment, in 4Q22, pre-sales totaled R$419.1 million, 23.2% higher than sales in 4Q21.

In the year, sales totaled BRL 1.532 billion, practically in line with contracted sales for 2021.

In the Shopping Malls segment, consolidated sales grew by 7.7% compared to 4Q21, despite the effects caused by the election and games during the World Cup.

“The growth presented in the 4Q22 variation in relation to 4Q21, takes into account the high base of sales made in 2021”, highlighted the company.

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Compared to 4Q19, sales grew by 49.5%.

In the year, consolidated sales grew 27.8% compared to 2021 and 56.6% compared to 2019. The occupancy rate at the end of 2022 was 97.4%.

Cyrela (CYRE3) launches BRL 2.8 billion and sells BRL 2.6 billion in 4Q22

Cyrela (CYRE3) released a preview of its operating results for the 4th quarter (4Q22) and for the year 2022.

The company launched 15 projects in the quarter, totaling a volume of BRL 2.821 billion, 10% higher than in 4Q21 (BRL 2.555 billion) and 4% below 3Q22 (BRL 2.928 billion). Swaps on launches were R$372 million in 4Q22 vs. R$65 million in 4Q21 and R$145 million in 3Q22.

Cyrela's share of launches in the quarter reached 58%, lower than that presented in 4Q21 (94%) and 3Q22 (73%).

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Of the PSV launched in the quarter, 36% will be recognized via consolidation and 64% via the equity method.

In the year, PSV of launches reached R$9.113 billion, 28% higher than in 2021.

When swaps are excluded, and based only on the %CBR, the volume launched in 4Q22 was R$1.442 billion, 39% lower than the same period of the previous year (R$2.351 billion in 4Q21) and 29% lower than 3Q22 .

In 2022, launches were BRL 5.853 billion compared to BRL 6.057 billion in 2021.

Contracted net sales this quarter totaled BRL 2.691 billion, an amount 71% higher than that recorded in 4Q21 (BRL 1.575 billion) and 18% above 3Q22 (BRL 2.286 billion).

Ambipar (AMBP3) closes joint venture with OceanPact (OPCT3)

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Ambipar (AMBP3) informed on Tuesday night, the 17th, that in agreement with OceanPact Serviços Marítimos (OPCT3) it decided to close the joint venture O’Brien’s do Brasil Consultoria em Emergências e Meio Ambiente.

“This agreement aimed to avoid the overlapping of activities and operations between Ambipar Response and OceanPact”, stated Ambipar.

Environpact Consultoria em Engenharia e Meio Ambiente, a wholly-owned subsidiary of OceanPact, will hold 100% of the shares representing the capital stock of O'Brien's Brasil, and will no longer use the “O'Brien's” brand, changing its name to “EnvironPact Sustainability and Resilience".

Ambipar Response owns 100% of the capital of O'Brien's Response Management Inc, will receive, in two installments, the amount of R$ 11 million for 50% of the shares representing the capital stock of O'Brien's Brasil.

The O’Brien’s brand will continue to be used by Ambipar Response, which continues with its strategic plan and with its activities in Brazil and worldwide.

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Camille Faria resigns as CFO at Tim (TIMS3) to take over as CFO at Americanas

Camille Loyo Faria resigned as Chief Financial Officer (CFO) and Investor Relations Officer (DRI) at TIM (TIMS3).

The information was released the day before. According to the company, Camille Faria will remain in the exercise of her duties until January 31st.

TIM stated that the procedures for appointing the new person in charge have already started.

Camille will take over as Chief Financial and Investor Relations Officer at Americanas (AMER3), as announced by the retailer late Tuesday afternoon. The term begins on February 1.

In addition to TIM and Oi, Camille worked in the Investment Banking area at Bank of America Merrill Lynch, between April 2015 and October 2019.

The executive also worked in the Investment Banking areas of Bradesco BBI and Morgan Stanley, as director responsible for the Energy, Technology/Media/Telecom and Industries sectors.

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He also performed executive functions in the telecommunications and infrastructure sector, having held the positions of CEO of Multiner, CFO of Terna Participações and, also, Strategy Leader at Embratel and the Telecom Italia group in Brazil and Latin America.

The team of analysts at Credit Suisse evaluates the hiring of the executive by Americanas as positive. The Swiss bank points out that she has a solid financial background and an important role as CFO at Oi during the period of judicial recovery.

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Fitch downgrades Americanas' ratings (AMER3)

The risk rating agency Fitch downgraded this Tuesday, 17, the Long-Term IDRs (Issuer Default Ratings) in Foreign and Local Currencies of Americanas (AMER3) to 'C', from 'CC' , and its National Long-Term Rating of 'C(bra)' from 'CC(bra)'.

According to the agency, the downgrade to 'C' occurs after the Court of Justice of Rio de Janeiro granted an urgent precautionary measure to Americanas, which suspends the enforceability of all obligations related to financial instruments, such as principal and interest on the debt, among other measures. .

"In case Americanas announces a restructuring plan, its ratings will be downgraded to 'RD', in order to reflect a restricted default, or 'D', if the company files for bankruptcy", explained Fitch.