Cosan, Inpar, Sadia, Petrobras, Suramin: Latin Equity Preview

By Paulo Winterstein and James Attwood

July 31 (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 3.5 percent to 4,378.11 yesterday. In Brazil, preferred shares are the most commonly traded class of stock.

Argentina

Banco Macro SA (BMA AR): Argentina's fourth-largest private bank bought back 814,000 shares for an average price of 6.12 pesos each, or a total of $1.64 million, it wrote in a regulatory filing after the close of trading yesterday. Macro fell 0.2 percent to 5.99 pesos.

Brazil

Banco Daycoval SA (DAYC4 BS): The Brazilian bank that specializes in loans to small- and mid-size companies said yesterday that second-quarter net income fell 11 percent to 62.5 million reais ($40 million). That's in line with the 62.4 million reais average of three estimates compiled by Bloomberg. Revenue was 251.9 million reais, more than the 187.3 million reais expected by analysts, according to Bloomberg data. Daycoval rose 2.6 percent to 11.29 reais.

Cosan SA Industria & Comercio (CSAN3 BS): The world's biggest sugarcane processor yesterday posted a fiscal fourth- quarter loss of 5.3 million reais, compared with profit of 164.7 million reais a year earlier. Cosan rose 2.4 percent to 31.22 reais.

Inpar SA (INPR3 BS): The Brazilian real estate developer said it had sales of 334 million reais in the second quarter and started work on projects worth 465 million reais in the same period, according to a statement posted yesterday on the Web site of Brazil's securities regulator. Inpar rose 5.9 percent to 4.86 reais.

MPX Energia SA (MPXE3 BS): The mining and power-generation company controlled by Brazilian billionaire Eike Batista obtained an environmental pre-license for its Porto Acu coal- fired power plant, the company said yesterday in a statement on the Web site of Brazil's securities regulator. The plant is expected to generate 2,100 megawatts and will allow MPX to take part of the next Brazilian electricity auction, to be held Aug. 28, the company said. MPX fell 2.1 percent to 695 reais.

Petroleo Brasileiro SA (PETR4 BS): Workers at Brazil's state-controlled oil company may call off a strike planned for Aug. 5 after the workers union recommended they accept a wage offer from the Rio de Janeiro-based company, Estado de S. Paulo reported yesterday, citing Helio Seidel, director of the union known as FUP. Petrobras rose 4.9 percent to 36.50 reais.

Sadia SA (SDIA4 BS): Brazil's second-biggest food company said yesterday that second-quarter net income rose 9.6 percent from the year earlier to 119.9 million reais ($76.8 million). That's more than the 107.4 million reais average estimate of seven analysts surveyed by Bloomberg. Net sales rose 28 percent to 2.58 billion reais. Sadia rose 4 percent to 11.51 reais.

Tele Norte Leste Participacoes SA (TNLP4 BS): Brazil's biggest fixed-line phone company is scheduled to report earnings today after the market closes. Net income may rise to 479.6 million reais from 468 million reais in the year-earlier period, according to the average of five estimates compiled by Bloomberg. Tele Norte, which sells services under the Oi brand in Brazil, rose 1.8 percent to 36.23 reais.

Colombia

Suramericana de Inversiones SA (SURAMIN CB): The parent of Colombia's biggest bank said first-half profit fell 69 percent. Net income fell to 28.2 billion pesos ($15.6 million) from 90.7 billion pesos a year earlier, according to data posted on the regulator's Web site. It didn't give separate second-quarter results. Suramericana rose 1 percent to 16,220 pesos.

Mexico

Mexichem SAB (MEXCHEM* MM): Mexico's peso advanced to near a six-year high after central bankers raised their inflation forecast through 2010, signaling lower revenue for exporters. Mexichem, the largest maker of plastic pipe in Latin America, and which relies on exports for 72 percent of revenue, fell 1.3 percent to 69.12 pesos.

Peru

Cia. de Minas Buenaventura (BVN PE): Peru's biggest precious-metals producer said yesterday that second-quarter net income rose almost sevenfold to $121.7 million. That's less than the $151.7 million average of three estimates compiled by Bloomberg. Buenaventura dropped 10 percent to $27.80.

To contact the reporters on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net; James Attwood in Santiago at jattwood3@bloomberg.net.