BAK - Braskem S.A.
| Previous Close | 13.01 |
| Open | 12.65 |
| Bid | 12.71 x 3200 |
| Ask | 12.75 x 900 |
| Day's Range | 12.59 - 12.76 |
| 52 Week Range | 12.31 - 29.50 |
| Volume | 112,814 |
| Avg. Volume | 172,125 |
| Market Cap | 5.545B |
| Beta (5Y Monthly) | 0.49 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.41 (3.01%) |
| Ex-Dividend Date | Oct 03, 2019 |
| 1y Target Est | 19.25 |
- Reuters
Mexico evaluates if ethane supply contract between Pemex, Braskem-Idesa can be canceled
Mexico's President Andres Manuel Lopez Obrador said on Wednesday his government was evaluating whether an ethane supply contract between state oil firm Pemex and the Braskem-Idesa consortium can be canceled. "We're investigating if the contract can be canceled, if it can be done legally ... there is an ongoing investigation," said Lopez Obrador at his daily press conference. Under the contract's terms, Pemex has had to supply ethane well below current market prices to the Braskem-Idesa plant near the Gulf coast port of Coatzacoalcos.
- PR Newswire
Braskem is the First in North America to use RESIN8™ Construction Materials Utilizing Post-Consumer Plastic Waste
Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces today the use of construction blocks containing the Center for Regenerative Design & Collaboration's (CRDC) RESIN8™ post-consumer plastic waste technology in the expansion of Braskem's world-class Innovation and Technology (I&T;) Center in Pittsburgh, Pennsylvania.
- Reuters
Creditors postpone vote on Odebrecht restructuring to late March- sources
Creditors of corruption-ensnared conglomerate Odebrecht SA have delayed discussion of the restructuring of 51 billion reais ($12.2 billion) in debt to late March, according to two sources with knowledge of the matter. A vote on the conglomerate plan was expected for Wednesday, but creditors agreed to delay discussions following a decision by creditors of Odebrecht's ethanol unit Atvos. Atvos creditors have rescheduled the vote on the restructuring plan to March 27.
- Zacks
Zacks.com featured highlights include: Carrols, Braskem, FirstService and CryoLife
Zacks.com featured highlights include: Carrols, Braskem, FirstService and CryoLife
- Zacks
5 Toxic Stocks to Disown or Play Short to Book Profits
Figuring out bloated toxic stocks on a regular basis and discarding them at the right time is the key to successful investing.
- Zacks
Braskem is in Overbought Territory: What???s Next?
Braskem has moved higher as of late, but there could definitely be trouble on the horizon for this company.
- Zacks
Zacks.com featured highlights include: Braskem, Etsy, Live Nation, Gardner Denver and PTC
Zacks.com featured highlights include: Braskem, Etsy, Live Nation, Gardner Denver and PTC
- Zacks
5 Toxic Stocks to Dump or Play Short
Accurate identification of toxic stocks and abandoning or short selling those at the right time is the key to safeguard your portfolio from big losses.
- Reuters
Brazil's Odebrecht creditors delay vote on plan to Dec 19 -statement
Brazil's Odebrecht creditors have delayed the vote on the conglomerate's new bankruptcy plan to Dec. 19, according to representatives for the conglomerate. Creditors of one last subsidiary, Atvos Investments, are still discussing the delay. Odebrecht presented the new restructuring plan to creditors on Tuesday.
- Reuters
CEO of Brazil's Petrobras objects to delay in Braskem sale
The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday he wants to sell the company's stake in petrochemical company Braskem SA within 12 months, adding that he strongly disagreed with reported plans to delay the sale. On Monday, Reuters reported that creditors of corruption-ensnared construction conglomerate Odebrecht SA, which also has a large stake in Braskem, were in advanced talks to delay a sale for up to two years. "To me, it means they do not want to sell anything," CEO Roberto Castello Branco said during a meeting with investors in London.
- Reuters
Exclusive: Brazil's Odebrecht in talks to stave off Braskem sale, keep payout - sources
Creditors of Brazil's Odebrecht SA are in advanced talks to let the corruption-ensnared conglomerate keep its crown jewel asset, listed petrochemical company Braskem SA , for another two years, retreating from their prior demand for a quick sale, two sources with knowledge of the matter said. In a further victory for Odebrecht, which is trying to restructure 51 billion reais ($12.2 billion) in debt, its bank creditors will let it keep receiving most of Braskem's dividends - now virtually Odebrecht's sole revenue source - during that period. The engineering and construction company, implicated in a series of graft scandals across Latin America, will submit its debt proposal to a creditors' meeting on Wednesday, but representatives of creditors whose debt is secured by Braskem shares have informally agreed to it, the sources added, asking for anonymity to disclose private talks.
- Reuters
UPDATE 4-Ex-CEO of Brazil's Braskem arrested on U.S. corruption charges
The former chief executive of Brazilian petrochemical company Braskem SA was arrested on Wednesday in New York on charges that he took part in a scheme to pay millions of dollars in bribes to officials to secure government contracts. Jose Carlos Grubisich was charged with conspiracy to violate a U.S. foreign corruption law and with a money laundering conspiracy in a newly unsealed indictment in federal court in Brooklyn. Grubisich was arrested Wednesday morning at New York's John F. Kennedy Airport and entered a plea of not guilty in federal court in the afternoon, according to John Marzulli, a spokesman for the office of U.S. Attorney Richard Donoghue.
- Reuters
Ex-CEO of Brazil's Braskem arrested on U.S. corruption charges
The former chief executive of Brazilian petrochemical company Braskem SA was arrested on Wednesday in New York on charges that he took part in a scheme to pay millions of dollars in bribes to officials to secure government contracts. Jose Carlos Grubisich was charged with conspiracy to violate a U.S. foreign corruption law and with a money laundering conspiracy in a newly unsealed indictment in federal court in Brooklyn. Grubisich was arrested Wednesday morning at New York's John F. Kennedy Airport and entered a plea of not guilty in federal court in the afternoon, according to John Marzulli, a spokesman for the office of U.S. Attorney Richard Donoghue.
- PR Newswire
Braskem and Advanced Laser Materials (ALM) Announce Partnership for the Development of Advanced Polyolefins for 3D Printing and Additive Manufacturing
PHILADELPHIA and TEMPLE, Texas, Nov. 19, 2019 /PRNewswire/ -- Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, and Advanced Laser Materials (ALM), an EOS Company, and leader in materials development for industrial 3D printing and additive manufacturing (AM), today announced their joint partnership for the development of advanced polyolefins for AM.
- Zacks
New Strong Sell Stocks for November 18th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- PR Newswire
In 9M19, Braskem generated free cash flow of R$2.8 billion
SÃO PAULO, Nov. 14, 2019 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 3Q19. HIGHLIGHTS: Braskem - Consolidated: Recurring EBITDA was ...
- Moody's
LYB International Finance II B.V. -- Moody's announces completion of a periodic review of ratings of LyondellBasell Industries N.V.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of LyondellBasell Industries N.V. New York, November 11, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of LyondellBasell Industries N.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- PR Newswire
Braskem reports free cash generation of R$2.3 billion
The New York Stock Exchange (NYSE) scheduled for October 17, 2019 the hearing related to the appeal filed by Braskem against the NYSE's decision to suspend trading and commence delisting of the American Depositary Shares (ADS) of the Company after failing to file its 20-F Form for fiscal year 2017. In view of the request for court-supervised reorganization filed by Odebrecht S.A. and other companies of the Odebrecht Group (ODB), including the Company's direct parent company, OSP Investimentos S.A., Braskem was informed by ODB that there has been no change its ownership structure, since all common and preferred shares issued by the Company continue to be held by OSP Investimentos S.A. through fiduciary sale to certain creditors of ODB.
- PR Newswire
GreenGear Supply Company's EcoRain Ponchos "Go Green" with Braskem's Sustainably Sourced Sugarcane Based Bioplastic
LATIBEX: XBRK), the largest thermoplastics polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced it has partnered with GreenGear Supply Company to provide Braskem's I'm GreenTM Polyethylene (PE) bioplastic for its durable, reusable and lightweight EcoRain Poncho.
- Motley Fool
Why LyondellBasell Industries' Stock Rose 16% in June
LyondellBasell's stock performance turned sharply upward in June, with improving investor sentiment backed by a late-month update.
- PR Newswire
Philadelphia Union Partners with Braskem to Advance the Circular Economy with Closed Loop Recycling and STEM Education
LATIBEX: XBRK), the largest thermoplastics polyolefins producer in the Americas and leading producer of biopolymers in the world, and the Philadelphia Union, of Major League Soccer (MLS), jointly announced today that they have formed a new multi-year partnership to advance the Circular Economy with Closed Loop Recycling and Science, Technology, Engineering and Mathematics (STEM) education initiatives with local youth.
