By Paulo Winterstein
Feb. 12 (Bloomberg) -- The following companies may have unusual price changes today in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.
The MSCI Latin America Index fell 1.7 percent to 2,190.46 yesterday. In Brazil, preferred shares usually are the most- traded class of stock.
Brazil
Banco Pine SA (PINE4 BS): The bank that went public in 2007 may report a 55 percent drop in fourth-quarter profit as higher credit costs led to lower loan volumes, Agora Corretora analyst Aloisio Lemos wrote. Pine, scheduled to release earnings tomorrow, fell 1.3 percent to 5.21 reais.
Klabin SA (KLBN4 BS): The biggest Brazilian seller of corrugated cardboard will likely see slower sales this year, Fator Corretora analyst Rodrigo Blanco Fernandes wrote, citing preliminary January data from the Brazilian Cardboard Association. Klabin fell 2.2 percent to 3.08 reais.
Mexico
Wal-Mart de Mexico SAB (WALMEXV MM): Mexico’s largest retailer said fourth-quarter profit rose 5 percent to 4.9 billion pesos ($338 million). Walmex, as the company is known, dropped 0.9 percent at 29.26 pesos.
Telefonos de Mexico SAB (TELMEXL MM): Mexico’s biggest fixed-line phone operator proposed increasing funds for share repurchases by as much as 10 billion pesos. The board called for a shareholder meeting March 3 to present the proposal. Telmex, as the company is known, dropped 3.6 percent to 11.53 pesos.
To contact the reporter on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net
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