Good article on Brazil. Many of the stocks discussed here are mentioned in the article.
businessweek.com
From the article:"...At the lead of Brazil's economic boom is Petrobras (PBR), the state-owned energy giant whose oil production is projected to grow 12% this year and 10% in 2009, says Thompson. Petrobras stock has jumped 16.4% thus far in 2008 on a stock-split-adjusted basis...
<clip>
The global steel market shows no signs of slowing, as long as developing countries continue to expand their infrastructure. Future price hikes by iron ore producer Companhia Vale do Rio Doce (RIO) are underpinned by strong demand in China and India and the difficulty of bringing on new supply to meet demand, says Thompson. "Iron ore looks like an extremely attractive commodity for us over the next five years at least," he says....
<clip>
Commercial banks like Banco Bradesco (BBD) are a great way to tap into the expanding consumer economy with none of the exposure to risky credit derivatives that landed U.S. banks in so much trouble, fund managers say. Bradesco's loan portfolio grew by 38.5% in the first quarter of 2008, according to Threadneedle's Thompson. ...
<clip>
America Latina Logistica (ALLL11.BZ.), one of the country's two major railway networks, is a way to play the growing agriculture industry. "[The company] transports hard and soft commodities across the country to the ports," says Gray at DWS Scudder. "That network is going to need to expand. It will have to add more [rail]cars. That's the main conduit for trade in Brazil."
Any way you slice it, Brazil is likely to keep growing for many years to come. Even if the commodity plays have become too rich for some investors, the budding consumer economy offers less pricey ways to get in on the action...."
======================================================
EKS |
