Trade idea: Brazilian commodity stocks

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Presentation transcript:

Trade idea: Brazilian commodity stocks

Why Brazil? Approach: Global marco view View: Long-term China’s high demand for commodities Traditional suppliers: Australia and Arabia Rio Tinto, BHP Billiton, OPEC New suppliers: Brazil and Africa Vale, Petrobras, De Beers China raised it’s import of materials last year by 42%.

Why Brazil? Brazil holds lots of natural resources Oil, copper, nickel, iron ore and crops A country in growth - high potential Little political and economical risk Strong bilateral trade between China and Brazil Second biggest export of Iron Ore after Australia

Vale S/A Large mining company Producing iron ore, nickel, copper and coal Good fundamentals and solid balance sheet 60 billion in investments in the past 5 yr. Selected fundamentals: EPS(5 yr. avg): 32.52 Industry: 18.85 P/E: 25.00 Industry: 9.61 ROI (5 yr. avg): 20.44 Industry: 15.78 ROE (5 yr avg): 36.92 Industry: 19.01 Div. yield (5 yr. avg): - Industry: - *Reuters Listed on: Bovespa and NYSE

Petroleo Brasileiro S/A (Petrobras) 7th biggest oil company in the world Daily production of 1,978,000 barrels Partly state-owned Discoveries of several major oil fields lately Good fundamentals - incl. solid growth in EPS and low P/E and high ROI and ROE Selected fundamentals: EPS(5 yr. avg): 26.35 Industry: 17.33 P/E: 14.44 Industry: 19.58 ROI (5 yr. avg): 16.99 Industry: 17.83 ROE (5 yr avg): 35.69 Industry: 29.22 Div. yield (5 yr. avg): 2.74 Industry: 1,77 *Reuters Listed on: Bovespa and NYSE

Noble Group Ltd. Market leader in the global supply chain of agricultural, industrial and energy products Very strong growth in 5 yr. sales and EPS CIC acquired a 15 percent stake in Noble Selected fundamentals: Sales (5 yr. avg): 52.35 Industry; 18.49 EPS (5 yr. avg): 47.89 Industry: 18.85 P/E: 11.16 Industry: 9.61 ROI (5 yr. avg): 14.90 Industry: 15.78 ROE (5 yr avg): 29.21 Industry: 19.01 Div. yield (5 yr. avg): 3.11 Industry: 2,62 *Reuters China Investment Corp has had early talks for direct investments in Brazil and Mexico. Listed on: Singapore Exchange