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BRF S.A.

(BRFS3)
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Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-08-05 pm EDT
16.75 BRL   +0.36%
08/02BRF S A : ANNOUNCEMENT TO THE MARKET - Form 6-K
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07/28BRF S A : ANNOUNCEMENT OF RELATED PARTY TRANSACTION - Form 6-K
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07/27Reuters-schedule/…
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Brazil meat exporters face hurdles shipping product via COVID-hit Shanghai -lobby group

04/20/2022 | 07:53pm EDT
FILE PHOTO: A worker spreads salted meat which will be dried and then packed at a plant of JBS S.A, the world's largest beef producer, in Santana de Parnaiba

SAO PAULO (Reuters) - Brazil's ABPA, a lobby group representing large pork and chicken processors like JBS SA and BRF SA, said on Wednesday its member companies are facing difficulties shipping products through the Port of Shanghai.

The statement, sent in response to a question from Reuters about the effects of the COVID lockdown in the Chinese city, said cargoes are being redirected to other ports, such as Yantian.

"There are no reports of suspension of sales," the statement said, referring to rumors about potential contract cancellations. "At the same time, ABPA member companies hope that the situation in Shanghai will soon return to normal."

Strict lockdown measures after a COVID-19 outbreak began in March, affecting 25 million Shanghai residents, hampering businesses and the circulation of goods.

After the lockdown was imposed, containers of frozen food began backing up at the port, with inspections for incoming meat halted.

Shanghai is the main point of entry for Brazilian meat imports to mainland China, which is Brazil's top trade partner.

Last week, Reuters reported at least one shipping line operator had stopped sending Brazilian meat to Shanghai, instead offering clients the alternative of sending cargo to Xingang and Ningbo.

(Reporting by Ana Mano; Editing by Bill Berkrot)

By Ana Mano


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRF S.A. 0.36% 16.75 Delayed Quote.-25.62%
EURO / BRAZILIAN REAL (EUR/BRL) 0.30% 5.2697 Delayed Quote.-16.96%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.59% 180.125 End-of-day quote.7.58%
JBS S.A. -1.24% 31.08 Delayed Quote.-18.10%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.18% 137.95 End-of-day quote.-1.31%
All news about BRF S.A.
08/02BRF S A : ANNOUNCEMENT TO THE MARKET - Form 6-K
PU
07/28BRF S A : ANNOUNCEMENT OF RELATED PARTY TRANSACTION - Form 6-K
PU
07/27Reuters-schedule/…
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07/22BRF S.A. Announces That Its Production Facility Located At KIZAD, Abu Dhabi, in the Uni..
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07/13Brazil's BRF gets nod to export pork into Canada
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06/30BRF S A : Minutes of The Extraordinary Meeting of The Board of Directors
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06/14Brazil's revenue from poultry exports hits record high in May
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06/03Brazil prosecutor probes death at BRF meat facility
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05/26BRF S.A. Announces Grazielle Tallia Parenti Shall Cease to Integrate the Company's Exec..
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05/25BRF S A : Minutes of The Ordinary Meeting of The Board of Directors
PU
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Financials
Sales 2022 53 042 M 10 177 M 10 177 M
Net income 2022 -515 M -98,7 M -98,7 M
Net Debt 2022 15 165 M 2 910 M 2 910 M
P/E ratio 2022 -54,2x
Yield 2022 -
Capitalization 18 047 M 3 462 M 3 462 M
EV / Sales 2022 0,63x
EV / Sales 2023 0,60x
Nbr of Employees 95 000
Free-Float 66,3%
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Technical analysis trends BRF S.A.
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 16,75 BRL
Average target price 20,08 BRL
Spread / Average Target 19,9%
EPS Revisions
Managers and Directors
Lorival Nogueira Luz Chief Executive & Financial Officer
Fabio Luis Mendes Mariano Chief Financial Officer
Marcos Antonio Molina dos Santos Chairman
Vinícius Guimarães Barbosa Vice President-Operations & Supplies
Augusto Marques da Cruz Filho Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BRF S.A.-25.62%3 462
TYSON FOODS, INC.0.33%31 617
HORMEL FOODS CORPORATION0.20%26 708
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-15.37%13 681
JBS S.A.-18.10%13 227
WH GROUP LIMITED16.56%10 269