BAK - Braskem S.A.
| Previous Close | 7.81 |
| Open | 7.81 |
| Bid | 6.50 x 800 |
| Ask | 7.26 x 1000 |
| Day's Range | 6.71 - 7.86 |
| 52 Week Range | 3.86 - 27.06 |
| Volume | 206,643 |
| Avg. Volume | 197,861 |
| Market Cap | 2.647B |
| Beta (5Y Monthly) | 0.53 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.41 (6.71%) |
| Ex-Dividend Date | Oct 03, 2019 |
| 1y Target Est | 19.25 |
- Reuters
Brazil's cracked city leaves corporate heavyweights on the hook
A sudden, violent tremor knocked José Rinaldo Januario to the floor of his kitchen one Saturday afternoon two years ago - a mystery given the Brazilian city of Maceio had little history of seismic activity. "It was like a volcano exploded," said Januario, 47. Last May, federal authorities identified a culprit: petrochemical giant Braskem.
- Reuters
INSIGHT-Brazil's cracked city leaves corporate heavyweights on the hook
A sudden, violent tremor knocked José Rinaldo Januario to the floor of his kitchen one Saturday afternoon two years ago - a mystery given the Brazilian city of Maceio had little history of seismic activity. "It was like a volcano exploded," said Januario, 47. Last May, federal authorities identified a culprit: petrochemical giant Braskem.
- 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
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
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 <BRKM5.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 <BRKM5.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.
- Moody's
Braskem America Finance Company -- Moody's announces completion of a periodic review of ratings of Braskem S.A.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Braskem S.A. New York, September 02, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Braskem S.A. 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.
- Reuters
EMERGING MARKETS-Latam assets slide as U.S.-China trade war froths
Latin American currencies softened against the dollar on Monday, with global risk appetite hammered by rising U.S.-China trade tensions, which prompted some investors in Latin American stocks to cash out ...
- Reuters
Brazil's Braskem to be delisted by NYSE due to delayed 2017 report
Brazil's Braskem SA, Latin America's largest petrochemical producer, said on Monday the New York Stock Exchange will start a delisting process for its U.S.-listed shares, after it failed to file its 2017 annual report on time. Trading of its Braskem's American depositary shares (ADS) has been suspended and holders can ask the Bank of New York Mellon to exchange each of their shares for two underlying preferred Class A shares, which are traded on the Brazilian Stock Exchange, the company said http://bit.ly/30jnQLI in a delayed filing with the U.S. Securities and Exchange Commission. The delayed SEC filing was one of the main hurdles to the completion of an $11 billion takeover of Braskem by LyondellBasell Industries NV, Reuters reported previously.
- Reuters
Brazil's Braskem to be delisted from NYSE
Brazilian petrochemical company Braskem SA said on Monday the New York Stock Exchange will initiate a delisting process for the company's American depositary shares, after it failed to file its annual ...
- Reuters
Braskem looks at options for possible Alagoas mining stoppage -CEO
Brazilian petrochemical company Braskem SA is preparing alternatives in the event the company is forced to stop its mining activities in the northeastern state of Alagoas, its chief executive officer said on Thursday. A report by the country's Geological Service released on Wednesday blamed mining by Braskem in the city of Maceio for damages to local real estate. State prosecutors requested last month that 6.7 billion reais ($1.7 billion) of Braskem funds be frozen to pay for the damages.
- Reuters
Brazil's Braskem considering alternatives if it must paralyze Alagoas mining activities - CEO
Brazilian petrochemical company Braskem SA is preparing alternatives in the event the company is forced to paralyze its mining activities in the northeastern state of Alagoas, its Chief Executive Officer told journalists on Thursday. CEO Fernando Musa said the company is reviewing the report and considering alternatives to the mining in the region, which supplies raw material for the production of PVC.
- PR Newswire
Braskem reports consolidated recurring EBITDA of US$ 336 million
SÃO PAULO, May 8, 2019 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 1Q19. HIGHLIGHTS: Braskem - Consolidated: Braskem's recurring ...
- Moody's
Odebrecht Engenharia e Construcao S.A. (OEC) -- Moody's withdraws OEC's C.br ratings
At the same time, Moody's Investors Service has withdrawn OEC's C corporate family rating on its global scale. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings available on its website, www.moodys.com.br.
