Daily Colombian Equities Bulletin and Fundamentals 7-14-14
July 14, 2014 (www.investorideas.com newswire) The Colcap index closed at 1,684 points (+0.6%). Total turnover reached USD 56 mn. The best performers were PFAviancaHoldings (+2.3%), Ecopetrol (+1.9%) and ETB (+1.6%). On the other hand, the worst performers were PFDavivienda (-2.0%), Canacol (-1.7%) and PFGrupoArgos (-1.0%).
Any new contract for Rubiales field would "anticipate" Pacific Rubiales subsidiary Meta Petroleum remaining as operator. Source: Bloomberg
ISA won the construction, operation and maintenance of the Substation "Reforma al circuito Guavio-Tunañ 230 KV" for a total length of 1Km. This project will begin operations on November 30,2015 and will generate to the company annual revenues of approximately USD 0.5mn. Source: SuperFinanciera
Cemex Latam Holdings:
CEMEX Latam Holdings announced today changes to its senior level organization: Andrés Jiménez has been appointed Director of CEMEX Panamá, Alejandro Ramírez has been appointed Director of CEMEX Costa Rica, Yuri de los Santos has been appointed Director of CEMEX Nicaragua & El Salvador. In addition, Ramón Pizá, Director of CEMEX Panamá, and Roberto Pongutá, Director of CEMEX Costa Rica, are leaving CLH and will join CEMEX, S.A.B. de C.V.'s operations. These changes will be effective July 15, 2014. Source: SuperFinanciera
National General Budget:
The Government announced that 2015 National General Budget will be of COP 166.9 trillion (excluding debt payments and interests). This represents a 4% YoY growth. Finance Minister said that the removal of the 4x1000 tax should not be done taking into account the agro financial needs. However this issue should be discuss in congress. Source: Dinero
According to XM report, June energy demand grow 5.6% YoY (4.4% in May, 2.3% in April). YTD the energy demand growth was 4.3% YoY and in the last 12M it was 3.3% YoY. Source: Primera Página
Corredores Asociados S.A. Comisionista de Bolsa is not responsible for investment decisions that may be derived from the information and analyses presented in this document. These decisions, their effects and consequences will be the sole responsibility of the investor. The information published is informative and has been taken from reliable sources, but Corredores Asociados S.A. does not guarantee that they are free of errors. Total or partial reproduction of this document is not allowed without the prior and express authorization of Corredores Asociados S.A.
To View Complete Report: 7-14-14
This news is published on the Investorideas.com Newswire and its syndicated partner network
Get free news alerts:
Sign up here
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news as well as creates original content as a news source. Original content created by investor ideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and global syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions and advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.