Embraer, Gap, Sociedad Quimica Minera: Latin Equity Preview

By [bn:PRSN=1] William Freebairn [] and James Attwood

Nov. 10 (Bloomberg) -- The following companies may have unusual price changes today in Latin America trading. Stock symbols are in parentheses, and share prices are from the previous close. Preferred shares are usually the most-traded class of stock in Brazil.

The MSCI Latin America Index rose 1.1 percent Nov. 7 to 2,139.56.

Brazil

Empresa Brasileira de Aeronautica SA (EMBR3 BS): The world's fourth-largest aircraft maker said 2009 sales and deliveries will be lower than it previously forecast, according to a JPMorgan Chase & Co. analyst. Embraer reduced its 2009 revenue forecast by 11 percent to $6.3 billion, analyst Joseph B. Nadol wrote Nov. 7 in a report. Embraer fell 8.3 percent to 9.22 reais.

Chile

Sociedad Quimica y Minera de Chile SA (SQM/B CC): Chile's biggest fertilizer producer had its ``BBB+'' credit rating placed on watch with negative implications by Standard & Poor's. The action reflects ``our expectations of a more aggressive dividend policy that could in turn affect the company's financial profile,'' S&P wrote in a Nov. 7 statement. Soquimich rose 5.2 percent to 14,200 pesos.

Mexico

Grupo Aeroportuario del Sureste SAB (ASURB MM): Mexico's second-biggest non-government airport operator reported October passenger traffic that was lower than forecast, IXE Grupo Financiero said in a research note Nov. 7. IXE reduced the price at which it expects shares to trade at the end of 2009 to 48 pesos from 55 pesos. Asur rose 1.8 percent to 39.82 pesos.

Grupo Aeroportuario del Pacifico SAB (GAPB MM): The operator of 12 Mexican airports said Alma airline, which announced today it was seeking bankruptcy protection, accounted for 3.8 percent of passenger traffic in the first 10 months of the year. Alma said in a statement Nov. 7 it owed 23 million pesos ($1.8 million) to the airport company, Gap, as the company is known. Gap fell 0.2 percent to 23.91 pesos.

To contact the reporters on this story: William Freebairn in Mexico City at wfreebairn@bloomberg.net; James Attwood in Santiago at jattwood3@bloomberg.net.