Giovana Araújo of Itaú BBA captures first place for a second consecutive year. “The top-down outlook seems appealing in a scenario of a weakening real, considering that it is an export-oriented sector with relatively low regulatory risks,” observes Araújo, 39. “The devaluation of the Brazilian currency restored the competitiveness of the sector, which was hurt by higher transportation costs.” Current favorite among the four stocks the São Paulo–based analyst covers is Porto Alegre–based SLC Agrícola. “From a farming perspective we see upsides in the story driven by a weakening real and productivity gains from new seed technologies,” she explains. “From a land perspective we continue to see room for unlocking value through the sale of developed farms.” Araújo plans to double her coverage universe in the coming months. — Leslie Kramer |
Industries – Agribusiness: First
