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

BRF S.A.

(BRFS3)
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Brazilian meatpackers cleared to export beef to Indonesia - minister

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08/29/2019 | 05:12pm EDT
A butcher unloads beef from a truck outside a butcher's shop in Sao Paulo

SAO PAULO (Reuters) - Indonesia has authorized beef exports from 10 Brazilian meat-packing plants, Brazil's agriculture minister said in a statement late on Wednesday.

The plants have the potential to export at least 25,000 tonnes of beef products, Minister Tereza Cristina Dias said in the statement, without elaborating.

The authorization came after Dias held talks with Indonesian Agriculture Minister Amran Sulaiman in May as part of a tour of Asian countries to open new markets for Brazilian farm products.

Five of the authorized plants are operated by Minerva SA, the company said in a securities filing on Thursday. In 2018, Indonesia imported approximately 150,000

tonnes of beef, with Australia accounting for around 40%

of that volume, the company said.

Brazil, home of Minerva and other large meat processors like JBS SA, BRF SA and Marfrig Global Foods, is the world's largest exporter of chicken and beef. The country provides some 20% of total global beef exports, according to the USDA.

It is also the fourth-biggest global supplier of pork.

The South American country is expected to continue growing beef exports in the coming years, reaching 23% of the world's total beef exports by 2028, USDA projections show.

(Reporting by Ana Mano; Editing by Paul Simao and Dan Grebler)

Stocks mentioned in the article
ChangeLast1st jan.
BRF S.A. -2.85% 19.8 End-of-day quote.-43.75%
JBS SA -3.91% 21.62 End-of-day quote.-16.20%
MARFRIG GLOBAL FOODS -4.05% 15.63 End-of-day quote.56.93%
MINERVA S.A. -2.61% 12.33 End-of-day quote.-3.97%
THE GLOBAL LTD. -1.03% 193 End-of-day quote.-59.02%
WORLD CO., LTD. -2.41% 1418 End-of-day quote.-47.31%
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Financials
Sales 2020 38 449 M 6 881 M 6 881 M
Net income 2020 812 M 145 M 145 M
Net Debt 2020 16 365 M 2 929 M 2 929 M
P/E ratio 2020 15,5x
Yield 2020 1,21%
Capitalization 16 450 M 2 965 M 2 944 M
EV / Sales 2020 0,85x
EV / Sales 2021 0,80x
Nbr of Employees 90 000
Free-Float 99,3%
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Technical analysis trends BRF S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 27,75 BRL
Last Close Price 20,38 BRL
Spread / Highest target 131%
Spread / Average Target 36,2%
Spread / Lowest Target -6,77%
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
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BRF S.A.-42.10%3 032
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HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.78.09%24 960
TYSON FOODS, INC.-34.76%21 633
WH GROUP LIMITED-20.99%12 213
JBS SA-12.79%11 056