Real value in Brazil
- From: Vol 4, Issue 6 (June 2003)
- Category: Market insight
- Region: Americas
- Country: Brazil
- Related Companies: Sabesp
Brazil’s Sabesp offers an opportunity to invest directly in an emerging market water system. GWI’s Brazilian correspondent finds strong analyst support for it.
Shares in NYSE-listed Sabesp (Saneamento Basico do Estado de São Paulo), the São Paulo state water company are undervalued says Luciana Puccetti, analyst at Brazil’s second largest private bank, Banco Itau.
Puccetti believes Sabesp “is suffering an injustice” in the hands of the market, which is over discounting the company’s political risk. “It should not be ...
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