Investorideas.com – big ideas for global investors Search www.investorideas.com
   Member Access       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   




Daily Colombian Equities Bulletin and Fundamentals 7-22-14

Ideas get bigger when you share them...

July 23, 2014 (www.investorideas.com newswire) The Colcap index closed at 1,697 points (0.5%). Total turnover reached USD 68 mm. The best performers were Enka (+4.35%), Pacific Rubiales (+3.92%) and Cemex Latam (+3.03%). On the other hand, the worst performers were El Condor (-1.95%), EEB(-1.56%) and Conconcreto (-0.32%).

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

Colombia Today

Results 2Q14

Today Celsia and Exito will release their 2Q14 earnings presentation after market close.

We updated our Celsia´s estimates:
Revenues: COP 702,4 billion +19 YoY;
EBITDA: COP 287,9 billion +26% YoY
Net Income: COP 115,5 billion +42% YoY

We updated our Exito´s estimates:
Revenues: COP 2.8 bn +16 YoY;
EBITDA: COP 219 bn +17% YoY
Net Income: COP 95 bn +19% YoY

Ecopetrol | Pacific Rubiales

Tomorrow morning Ecopetrol's board will meet to define the future of the Star technology presented by Pacific Rubiales. Source: La Republica

Conconcreto

With 72% of the project sold and the presence of Conconcreto and Avenida Capital offices, Atlantic Business Tower, the new mega-project in Barranquilla, gets off to a good start. Conconcreto besides having purchased 3,250 square meters is responsible of the construction that must be completed in 2016.Source: La Republica

Construction

The National Roads Institute INVIAS revealed that the Government has allocated historical resources during the first four years of Juan Manuel Santos' presidential period for the development of the roads in charge of the National Roads Institute in Antioquia. Since 2010 investment has been around COP 1.74 billion, resources that have been executed in major works for road development in the Antioquia department. Source: Dataifx

Funds obtained from thesale of Isagen will be used in 4G road concessions. The Finance Minister, Mauricio Cardenas, told that the COP 5 billion from the sale may be used after the 20th of September.Source: El Colombiano

Oil Market

Government will expand the wealth tax to support costs of monitoring oil infrastructure. During the first half of this year 39 terrorist attacks to the infrastructure were recorded.

Ecopetrol, the company with the largest share of the country pipelines, spent last year COP 67 billion to address the damage caused by the attacks of the guerrillas. In 1Q14 the company paid COP 9 billion for the same concept.Source: Portfolio

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: 7-22-14

More Info:

This news is published on the Investorideas.com Newswire and its syndicated partner network

Publish Your News - Send a release
News now!

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.

More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Disclosure: Investorideas is long shares of OEDV.

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.



Free News Alerts
Email:  





TOP

Investor Ideas © 2000 - 2014 InvestorIdeas.com®, ECON

Sign up here

login | logout | about us | contact | disclaimer / disclosure |
advertise | company profile directory | partners / links |
job search | privacy policy | trade | services | sitemap |