1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Braskem S.A.
  6. News
  7. Summary
    BRKM5   BRBRKMACNPA4

BRASKEM S.A.

(BRKM5)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  05/23 04:07:56 pm EDT
43.92 BRL   +1.88%
05/19Braskem Delivers Increased Supply of I'm green Bio-Based EVA Biopolymer to Support Heightened Demand for Welli Bins T Sustainable Storage Bins
AQ
05/16Braskem Delivers Increased Supply of I'm Green Bio-Based Eva Biopolymer to Support Heightened Demand for Welli Bins Sustainable Storage Bins
CI
05/12BRASKEM : Q1 Earnings Snapshot
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Brazil's Braskem Shares Rise 8.8% After Petrobras Cancels Stake Sale

01/28/2022 | 10:18am EDT

By Jeffrey T. Lewis


SÃO PAULO--Braskem SA's shares rose 8.8%, to 50.59 reais, the equivalent of $9.39, after its parent companies canceled the sale of their stakes in the Brazilian petrochemical producer.

Braskem's shares rose from a close of 23.83 reais a year ago on Jan. 28, 2021, to a 52-week-high close of 70.17 reais on Sept. 15 of last year.

Petroleo Brasileiro SA, or Petrobras, said Friday it had canceled the sale of practically all of its 22% stake in Braskem, along with Novonor SA, the construction company formerly known as Odebrecht SA that owns 23% of the chemical maker, because of market volatility.

Petrobras said the term sheet it had agreed to with Novonor is still valid and that the two companies still intend to sell their stakes as soon as market conditions are favorable. Petrobras's preferred shares rose 1.3%, to 34.31 reais.


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


(END) Dow Jones Newswires

01-28-22 1018ET

Stocks mentioned in the article
ChangeLast1st jan.
BRASKEM S.A. 1.88% 43.92 Delayed Quote.-25.20%
PETROBRAS 3.93% 36.2 Delayed Quote.22.43%
WTI -0.03% 109.695 Delayed Quote.44.84%
All news about BRASKEM S.A.
05/19Braskem Delivers Increased Supply of I'm green Bio-Based EVA Biopolymer to Support Heig..
AQ
05/16Braskem Delivers Increased Supply of I'm Green Bio-Based Eva Biopolymer to Support Heig..
CI
05/12BRASKEM : Q1 Earnings Snapshot
AQ
05/12TRANSCRIPT : Braskem S.A., Q1 2022 Earnings Call, May 12, 2022
CI
05/12Braskem Netherlands B.V. Enters into an Agreement for the Creation of Joint Venture wit..
CI
05/12BRASKEM S.A. : Press Release
CO
05/11BRASKEM S.A. : 1st quarter results
CO
05/11BRASKEM S.A. : 1st quarter report
CO
05/09Braskem Releases First Ever Lineup of Sustainable 3D Printing Filaments for Additive Ma..
CI
04/29BRASKEM S A : OEGM - Detailed Final Voting Map
PU
More news
Analyst Recommendations on BRASKEM S.A.
More recommendations
Financials
Sales 2022 116 B 24 074 M 24 074 M
Net income 2022 11 214 M 2 337 M 2 337 M
Net Debt 2022 17 511 M 3 650 M 3 650 M
P/E ratio 2022 3,12x
Yield 2022 12,8%
Capitalization 34 142 M 7 116 M 7 116 M
EV / Sales 2022 0,45x
EV / Sales 2023 0,61x
Nbr of Employees 8 312
Free-Float 25,4%
Chart BRASKEM S.A.
Duration : Period :
Braskem S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BRASKEM S.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 43,92 BRL
Average target price 63,92 BRL
Spread / Average Target 45,5%
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
Sector and Competitors
1st jan.Capi. (M$)
BRASKEM S.A.-25.20%6 884
SAUDI BASIC INDUSTRIES CORPORATION2.24%95 175
AIR LIQUIDE4.44%79 692
WANHUA CHEMICAL GROUP CO., LTD.-17.67%39 490
LYONDELLBASELL INDUSTRIES N.V.16.96%35 341
ALBEMARLE CORPORATION1.14%27 690