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    BRKM5   BRBRKMACNPA4

BRASKEM S.A.

(BRKM5)
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Delayed Bolsa de Valores de Sao Paulo  -  05/18 04:07:39 pm EDT
42.59 BRL   -3.53%
05/12BRASKEM : Q1 Earnings Snapshot
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05/12TRANSCRIPT : Braskem S.A., Q1 2022 Earnings Call, May 12, 2022
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05/12Braskem Netherlands B.V. Enters into an Agreement for the Creation of Joint Venture with Terra Circular
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Brazil's Braskem Shares Fall 5.1% After Petrobras Registers Share Sale

01/17/2022 | 10:22am EDT

By Jeffrey T. Lewis


SÃO PAULO--Braskem SA preferred shares fell 5.1% to 49.49 reais ($8.98), after parent Petroleo Brasileiro SA, or Petrobras, said it plans to sell almost all of its preferred shares in the Brazilian petrochemical company.

Braskem's share price has almost doubled since a year ago, but is down about 14% so far this year. Petrobras's preferred shares were up 0.4% to 31.58 reais in late morning trading.

Petrobras said Monday that it has requested authorization to register the secondary sale of preferred shares in Braskem. Braskem's other parent company, Novonor, will also sell its preferred shares in the chemical company, for a total sale of almost 155 million shares, according to the preliminary prospectus.

Petrobras currently owns 22% of Braskem's preferred stock, and would be left with 0.02% of those shares if all on offer are sold, according to the prospectus. Novonor, the construction company formerly known as Odebrecht SA, currently owns 23% of the preferred shares, and that would drop to zero if all shares are sold.


Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com


(END) Dow Jones Newswires

01-17-22 1022ET

Stocks mentioned in the article
ChangeLast1st jan.
BRASKEM S.A. -3.53% 42.59 Delayed Quote.-23.39%
ON SEMICONDUCTOR CORPORATION -4.56% 55.83 Delayed Quote.-17.80%
PETROBRAS -1.64% 33.6 Delayed Quote.20.07%
WTI 1.93% 110.13 Delayed Quote.51.27%
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05/12BRASKEM : Q1 Earnings Snapshot
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Analyst Recommendations on BRASKEM S.A.
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Financials
Sales 2022 116 B 23 211 M 23 211 M
Net income 2022 11 214 M 2 254 M 2 254 M
Net Debt 2022 17 511 M 3 519 M 3 519 M
P/E ratio 2022 3,03x
Yield 2022 13,2%
Capitalization 32 740 M 6 579 M 6 579 M
EV / Sales 2022 0,44x
EV / Sales 2023 0,60x
Nbr of Employees 8 312
Free-Float 25,4%
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Technical analysis trends BRASKEM S.A.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 42,59 BRL
Average target price 63,92 BRL
Spread / Average Target 50,1%
EPS Revisions
Managers and Directors
Roberto Lopes Pontes Simões Chief Executive Officer & Director
Pedro van Langendonck de Freitas CFO, Head-Procurement & Institutional Relation
José Mauro Mettrau da Cunha Chairman
Daniel Sales Corrêa Head-Investments & Digital Technologies
Gesner José de Oliveira Filho Independent Director
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