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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  BRF S.A.    BRFS3   BRBRFSACNOR8

BRF S.A.

(BRFS3)
  Report
End-of-day quote. End-of-day quote Bolsa de valores de Sao Paulo - 05/27
23.25 BRL   +3.33%
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04/28BRF S A : Announces donations to toledo
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Chinese meat demand to remain high in 2020 due to swine fever - Brazil meatpackers

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01/29/2020 | 03:35pm EDT

The chief executives of Brazil's largest meatpackers JBS SA and BRF SA said on Wednesday that China's meat imports will remain elevated in 2020 because of the lasting effects of African swine fever.

JBS CEO Gilberto Tomazoni, speaking alongside BRF CEO Lorival Luz, told an event in Sao Paulo that he expects the impacts of swine fever on the global meat market to peak in 2020.

JBS and Hong Kong's WH Group signed a supply and distribution agreement this week to provide the Chinese market with up to 3 billion reais ($717.26 million) of fresh beef, poultry and pork. WH has some 60,000 points of sale in China.

Tomazoni acknowledged that there is a lot of market chatter about Chinese importers seeking to renegotiate lower meat prices, without elaborating on whether JBS is holding such negotiations. JBS will build long-term relationships in China to help it better control prices, he said.

"In long-term commercial relationships, there are gains and losses to be had," Tomazoni said.

(Reporting by Ana Mano; Editing by Alistair Bell and Andrea Ricci)

Stocks mentioned in the article
ChangeLast1st jan.
BRF S.A. 3.33% 23.25 End-of-day quote.-33.95%
BYD COMPANY LIMITED -1.90% 43.95 End-of-day quote.13.13%
EURO / BRAZILIAN REAL (EUR/BRL) 0.16% 5.814 Delayed Quote.30.14%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.58% 134.8 End-of-day quote.-8.27%
GRAINCORP LIMITED 3.41% 4.24 End-of-day quote.-44.06%
JBS SA 5.27% 21.76 End-of-day quote.-15.66%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.00% 100.8 End-of-day quote.-19.17%
MARFRIG GLOBAL FOODS 5.67% 13.05 End-of-day quote.31.02%
PILGRIM'S PRIDE CORPORATION 2.41% 21.445 Delayed Quote.-35.99%
WH GROUP LIMITED -0.93% 6.4 End-of-day quote.-20.50%
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Financials (BRL)
Sales 2020 37 926 M
EBIT 2020 2 372 M
Net income 2020 946 M
Debt 2020 14 303 M
Yield 2020 0,00%
P/E ratio 2020 73,8x
P/E ratio 2021 13,4x
EV / Sales2020 0,87x
EV / Sales2021 0,81x
Capitalization 18 873 M
Chart BRF S.A.
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Technical analysis trends BRF S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 30,62 BRL
Last Close Price 23,25 BRL
Spread / Highest target 102%
Spread / Average Target 31,7%
Spread / Lowest Target -18,3%
EPS Revisions
Managers
NameTitle
Lorival Nogueira Luz Global Chief Executive & Operating Officer
Pedro Pullen Parente Chairman
Carlos Alberto Bezerra de Moura Chief Financial Officer
Luiz Fernando Furlán Independent Director
Walter Malieni Non-Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BRF S.A.-33.95%3 396
HORMEL FOODS CORPORATION1.37%24 593
TYSON FOODS, INC.-32.29%22 457
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.38.31%19 483
WH GROUP LIMITED-20.50%12 266
JBS SA-19.88%10 246