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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (613)	12/29/1997 4:50:00 PM
From: DMaA	Read Replies (1) \| Respond to of 22640

From Briefing.com: Telebras (TBR) 113 13/16 +3 5/8: ING Barings reiterates its "buy" rating on Brazilian telecommunications concern on price appreciation potential following November financial results; has a 12-month price target of $144 a share.....

To: Steve Fancy who wrote (613)	12/29/1997 5:37:00 PM
From: Steve Fancy	Respond to of 22640

Monday December 29, 1:31 pm Eastern Time Latam stock markets seen steady over New Year's BUENOS AIRES, Dec 29 (Reuters) - Latin American stocks were expected to end the year on a firm note in token trading this week, despite recent storminess on the region's exchanges, dealers said. biz.yahoo.com

To: Steve Fancy who wrote (613)	12/29/1997 5:47:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil to pick advisers on Telebras sale by Feb RIO DE JANEIRO, Dec 29 (Reuters) - Brazil's National Development Bank (BNDES) said it expected to select advisers on the privatization of the (TEL_p.SA)(NYSE:TBR - news) telecommunications system by mid-February. biz.yahoo.com Comment: Is this a delay? I thought the remaining details were dependent on these advisers, and these details were to be released in January. Maybe somehow these functions are independant of each other, but I may have been confused as to when the remaining details are to be released.

To: Steve Fancy who wrote (613)	12/29/1997 5:55:00 PM
From: Steve Fancy	Respond to of 22640

Brazil stocks close higher on year-end buying SAO PAULO, Dec 29 (Reuters) - Brazilian shares ended firmer Monday, with investors adjusting portfolios ahead of the last trading session of the year, brokers said. biz.yahoo.com

To: Steve Fancy who wrote (613)	12/29/1997 6:04:00 PM
From: Steve Fancy	Respond to of 22640

RESEARCH ALERT-ING repeats Telebras (SAO:TEL_.P) buy Reuters, Monday, December 29, 1997 at 14:22 SAO PAULO, Dec 29 (Reuters) - ING Barings said it maintained its buy rating, earnings estimates and December 1998 stock price target of $144.0 for Brazil's Telebras (NYSE:TBR) after the telecom released its November financial results. -- "We reiterate our buy rating based on potential price appreciation of about 34 percent to December 1998," ING analysts said. -- Net income in November came in at 310 million reais, representing 0.97 real ($0.87) per ADR. -- "Telebras continues to show strong wireline growth, with its line installation program already running ahead of expectations," they said. -- Operating margins and EBITDA margins for November came in at 37 percent and 63 percent respectively. Telebras preferred, the benchmark issue of the Sao Paulo Stock Exchange, rose 2.59 percent to 127.20 reais per lot of 1,000 shares. In New York, its ADR rose 4-1/16 to 114. Copyright 1997, Reuters News Service