Daily Colombian Equities Bulletin and Fundamentals 5-30-14
May 30, 2014 (www.investorideas.com newswire) The Colcap index closed at 1,663 points (-0.08%). Total turnover reached USD 64 mm. The best performers were Cemex Latam (+3.0%), Ecopetrol (+1.30%) and ISA (+0.98%). On the other hand, the worst performers were cemargos (-1.83%), Canacol (-1.71%) and PFcemargos (-1.70%).
The group formed by Transmantaro (ISA) and CTM (EEB) won a new transmission line in Peru (16.6 km, 220KV). ISA has a 60% share in the group, while EEB the remaining 40%. The expected annual revenues of the project are USD 5.5 mm (for a 30 years period) and the investment is estimated in USD 59.6 mm. The transmission line will start operations 24 month after the final award. Source: SuperFinanciera
Ocensa Pipeline will increase its capacity to 735,000 bls in the first quarter of 2016. However, given the expansion that is taking place at this moment, the pipeline will increased its capacity in 30,000 bls in the next two to three months.
Global Finance, a US magazine, chose the 25 best banks in Latin America. Bancolombia was awarded as the best bank in Colombia. Source: La Republica
In 2014, the company will held the biggest exploratory project in its history, which consists on the exploration of 56 wells for a total CAPEX of USD 200 mm. Source: Vanguardia Liberal nacional
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.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services 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 for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: 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.