This content is from: Research

The 2014 All-Brazil Research Team: Transportation, No. 1: Bruno Savaris

Bruno Savaris Credit Suisse First-place appearances: 1

Total appearances: 2

Team debut: 2013

Leaping from runner-up to claim his first top finish on this roster is São Paulo–based Credit Suisse researcher Bruno Savaris, whom one admirer dubs “the captain of the industry.” The analyst monitors ten Brazilian transportation shares and nine companies in Capital Goods, where he also captures the No. 1 position. “Bruno’s thorough and in-depth research differentiates him from the pack,” observes another portfolio manager. Among Savaris’ favorite names is São Paulo’s Multiplus, which operates customer-loyalty programs for airlines in Brazil. He highlighted his outperform rating on the stock in November, acknowledging that recent share price performance had been disappointing but was “actually triggered by the departure of both CEO and CFO.” Chief financial officer Sandoval Martins Pereira left in July 2013 and Eduardo Campozana Gouveia followed the next month, driving the stock down as much as 20 percent in late August. But Multiplus had improved its corporate governance structure, the analyst reasoned, and benefited from positive earnings momentum — and the shares soon rebounded. By the end of July, they had climbed 18.5 percent since his reiteration, to 33.13 reais, while the sector was nearly flat. Savaris, 31, joined Credit Suisse in 2007 from Brazilian private equity firm Angra Partners Gestão de Recursos. He received a bachelor’s degree in computer engineering from Brazil’s Instituto Militar de Engenharia.

Related Content