SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.945-1.1%Nov 26 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Fancy who wrote (11403)1/11/1999 3:25:00 PM
From: Steve Fancy  Read Replies (1) of 22640
 
Leave it to Deutsche Bank to downgrade a stock with a fair value almost three times current price. They said:

In a note to investors, analyst Celso Boin said that Brazilian banks must offset losses from the expected fall in interest rates by reducing administrative costs, boosting fee revenues and seeking higher spread assets.

...yet the current fear is largely based on the fact that interest rates will not fall that quickly. Seems if and when they do fall, economic conditions are improving providing the catalyst to increase earnings.

Further they say:

The downgrade of Unibanco reflected concerns that the bank could face a takeover or merger which would hurt minority investors, Boin said.

While other analysts have recently commented how this would be a plus.

What am I missing here?

I seriously question Deutsche Bank's motives though in fairness much of what they have to say does not fit my agenda.

sf

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News