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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (31490)	3/21/2008 12:29:43 PM
From: elmatador	Read Replies (1) \| Respond to of 217661

Cyrela 2007 Profit Rises 74% as Housing Demand Soars. We are the US of yesterday. The US will bRazil of yesterday. We are skyrocketing! Cyrela 2007 Profit Rises 74% as Housing Demand Soars. By Telma Marotto and Heloiza Canassa March 13 (Bloomberg) -- Cyrela Brazil Realty SA Empreendimentos e Participacoes, Brazil's largest real estate company, said 2007 profit soared 74 percent as lower borrowing costs and more jobs spurred demand for homes. Net income climbed to 422.1 million reais ($249 million), or 1.19 reais a share, in the 12 months to Dec. 31, from 242.3 million reais, or 68 centavos, a year earlier, the Sao Paulo- based company said today in a regulatory filing. ``This is a sector with a lot of potential to grow in coming years and all the signs lead us to believe Cyrela will keep posting better results,'' said Eduardo Roche, who helps manage about 1.5 billion reais for Modal Asset Management in Rio de Janeiro. The assets he helps oversee including shares in Cyrela. Demand for homes is increasing as record low Brazilian interest rates and rising jobs make homebuyers more confident about taking mortgages. The unemployment rate fell in December to the lowest since at least 2002, while the average worker's wage increased 2.3 percent in December from a year earlier to 1,164 reais, also encouraging homebuyers. The result beat the net income estimate of 419 million reais from Tomas Awad, an analyst in Sao Paulo with the brokerage unit of Banco Itau Holding Financeira SA. Cyrela reported net income of 91.3 million reais for the fourth quarter. The company didn't release separate fourth- quarter earnings, which were calculated by Bloomberg based on the company's nine-month earnings of 331 million reais. Last month, Cyrela increased to 7 billion reais from 6 billion reais its forecast for the sales value of developments and construction it will begin this year. The company also raised its 2009 forecast to 8.8 billion reais, from 7.5 billion reais. In preliminary results released Feb. 13, Cyrela said the value of projects it began selling in the fourth quarter more than quadrupled to 3.1 billion reais. Cyrela rose 19 centavos, or 0.7 percent, to 25.89 reais today in Sao Paulo trading. The shares fell 3.2 percent in the fourth quarter, compared with a 5.7 percent rise in the Bovespa benchmark stock index. Gafisa SA, Brazil's second-largest real estate company, rose 7.6 percent in that quarter. To contact the reporter on this story: Telma Marotto in Sao Paulo at at Tmarotto1@bloomberg.net; Heloiza Canassa in Sao Paulo at at hcanassa@bloomberg.net

To: Elroy Jetson who wrote (31490)	3/22/2008 9:35:32 AM
From: elmatador	Respond to of 217661

sub-prime loan disaster in Brazil? We are more clever than you think: Brazilian government preparing measures to restrict credit to avoid having to increase interest rates. Automotive sector -today carrying GM and Ford, mind you- is too hot. They're giving credit to pay in 7 years. (The shirtless are going straight to shirts and a car!! Max. financing term will be 3 years. Credit to buy cars will be restricted. But Ford and GM need not worry. (We don't want them to go belly up). Concomitantly the government will provide incentives to export vehicles. Tell the US administration: If they misbehave we can make US automakers sufa! "China and Brazil have run excellent economic policies(some luck some cunning)." as klaser wrote. See why we are not following the abyss path. By the way this year we will consume more ethanol than gasoline. Foirst time it happens since 1986.