|Bid||7.14 x 1000|
|Ask||7.65 x 40000|
|Day's Range||7.22 - 7.46|
|52 Week Range||4.65 - 8.12|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.26|
Brazilian chicken exports to China grew by 49% in May compared to the same period last year as the Asian nation imported more meat to deal with an outbreak of African swine fever (ASF) that has impacted domestic production. Brazil, the world's largest chicken exporter, shipped 381,100 tonnes last month to overseas customers, a 14.4% increase, according to a statement from meat industry group ABPA on Friday. China represented almost 15% of shipments, the ABPA data showed, and was Brazil's main chicken export destination last month.
Announcement: Moody's says potential merger between Marfrig and BRF is credit positive. Global Credit Research- 04 Jun 2019. New York, June 04, 2019-- Moody's Investors Service comments that the potential ...
Management at Brazilian food processor BRF SA has met with resistance from a minority of its board to talks on a potential merger with Marfrig SA that would create one of the world's largest meat producers, three people with knowledge of the matter said. The sources, who asked for anonymity to discuss confidential deliberations, said that BRF's 10 directors did not unanimously approve the exclusive talks with Marfrig. Dissenters questioned how a tie-up would fit with the strategy of Chairman and Chief Executive Pedro Parente to cut debt, sell assets and restructure operations after a string of losses.
The Sao Paulo-based firms said in separate filings Thursday that they agreed to “deepen discussions” on a combination to gain further scale and increase geographical and product diversification, with operations spanning South America, the U.S. and the Middle East. For shareholders of BRF, which would have an 85% stake in the resulting company, the takeover in an all-stock deal could mean a reduced debt burden and more financial muscle to seize opportunities at a time when the spread of a deadly pig disease in Asia boosts the outlook for protein export demand. In return, shareholders of Marfrig could benefit from higher exposure to a business with typically wider margins than beef.
Brazilian food processors BRF SA and Marfrig Global Foods SA on Thursday announced exclusive talks for a potential tie-up that would create one of the world's largest meat producers, according to securities filings. A deal could combine BRF's poultry business, which leads the world in chicken exports, and Marfrig's beef business, which is second to JBS SA globally. Two other sources close to the companies said their aim is to create a complete protein portfolio to compete with global giants such as Tyson Foods Inc and JBS.
Brazilian food processors BRF SA and Marfrig Global Foods SA on Thursday opened exclusive talks for a potential tie-up that would create one of the world's largest meat producers, according to securities filings. A deal could combine BRF's poultry business, which leads the world in chicken exports, and Marfrig's beef business, which is second to JBS SA globally.
The boards of Brazilian food processors BRF SA and Marfrig Global Foods SA have agreed to open discussion on a potential merger of the two companies that would create one of the world's largest meat producers, ...
Brazil's Ministry of Agriculture officially banned three laboratories from conducting food inspections over their involvement in a food safety testing scandal that ensnared meatpacker BRF SA, according to decisions published in the official government gazette on Wednesday. The three laboratories run by Merieux NutriSciences Corp in Brazil, which performed testing on BRF products, are no longer authorized to process samples under the ministry's official control program, according to the decisions. BRF and the Agriculture Ministry did not immediately reply to requests for comment.
Executives at Brazilian food company BRF SA have recently traveled to Saudi Arabia to discuss ways in which to expand its presence in that key market, according to management remarks to journalists on ...
U.S. markets however, opened lower after President Donald Trump said he was in "absolutely no rush" to finalize a trade agreement with China. MSCI's index of Latin American stocks slid about 0.5% on the trade-related jitters and weakness in Brazil's Bovespa which came on the back of some disappointing earnings. BRF, the world's largest chicken exporter, slid 2.5% after the company said it lost money for the third consecutive quarter grappling with higher feed costs and trade restrictions in key markets such as Saudi Arabia.
Brazilian food processor BRF SA said it requested Chinese authorities certify an additional four plants to export meat products, as a deadly hog virus sweeping across the Asian country boosts potential ...
Brazilian food processor BRF SA, the world's largest chicken exporter, said it lost money for the third consecutive quarter as the company grapples with higher feed costs and trade restrictions in key ...
SÃO PAULO, April 29, 2019 /PRNewswire/ -- BRF S.A. ("BRF" or "Company") (B3: BRFS3; NYSE: BRFS) announces to its shareholders and the general market that it filed, on April 29, 2019 ...
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
The board of Brazilian food company BRF SA has elected Lorival Luz as its new global chief executive replacing Pedro Parente, according to a securities filing on Thursday. The decision is effective from ...
Brazilian food processor BRF SA said it lost money for the third consecutive year as trade embargoes, fallout from a food safety investigation and Brazil's feeble economy thwarted efforts to turn the firm around in 2018. The company posted a net loss of 4.46 billion reais ($1.19 billion) for 2018, a 306 percent increase from the previous year, the company said in a securities filing on Thursday. BRF also posted a wider-than-expected fourth-quarter net loss of 2.125 billion reais ($569 million), its second consecutive quarterly shortfall.
Brazilian food processor BRF SA posted a wider-than-expected fourth-quarter net loss on Thursday as trade embargoes, fallout from a food safety investigation and Brazil's feeble economy thwarted management's ...