America Movil, Company, Homex, Lupatech: Latin Equity Preview

By Paulo Winterstein and William Freebairn

July 22 (Bloomberg) -- The following stocks may have significant gains or losses in Latin American markets. Symbols are in parentheses after company names, and stock prices are from the last session.

The MSCI index of Latin American shares rose 1.4 percent to 4,385.41 yesterday. In Brazil, preferred shares are the most commonly traded class of stock.

Brazil

Company SA (CPNY3 BS): Preliminary sales for the Sao Paulo- based builder were lower than expected in the second quarter, Fator Corretora analysts Renato Pinto and Eduardo Silveira wrote yesterday in a note to investors. Sales in the first half of the year reached 19 percent of the forecast for all of 2008, wrote the analysts, who have a ``hold'' rating on the stock. Company rose 0.9 percent to 11.10 reais.

Lupatech SA (LUPA3 BS): The backlog of orders for the Brazilian maker of parts for the oil and natural gas industries rose to a record 550 million reais ($348 million) at the end of June, said Caxias do Sul, Brazil-based Lupatech in a regulatory filing yesterday. Lupatech rose 0.2 percent to 54.50 reais.

Mexico

America Movil SAB (AMXL MM): Latin America's largest mobile- phone company said net income climbed 25 percent to 17.7 billion pesos ($1.75 billion), or 51 centavos a share, topping the 16.1 billion average of estimates compiled by Bloomberg. Sales rose 14 percent to 84.6 billion pesos. America Movil fell 2.2 percent to 26.43 pesos.

Desarrolladora Homex SAB (HOMEX* MM): Mexico's largest homebuilder said profit jumped 68 percent in the second quarter to 722 million pesos ($71 million) from 430 million pesos a year earlier, the company said in a statement to the Mexico City stock exchange. Sales rose 20 percent to 4.4 billion pesos. Homex rose 1.2 percent to 103.04 pesos.

To contact the reporters on this story: William Freebairn in Mexico City at wfreebairn@bloomberg.net; Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net.