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The 2014 All-Brazil Research Team: Capital Goods, No. 2: Renato Mimica

Renato Mimica BTG Pactual First-place appearances: 0

Total appearances: 3

Team debut: 2012

Advancing from runner-up to take second place on this list is BTG Pactual’s Renato Mimica, who likewise advances to No. 3 in Transportation this year. From his base in São Paulo, the analyst reports on six Brazilian capital goods names, earning investor praise for his abiding caution on the sector, especially the autos industry. Rio Grande do Sul’s Randon, a diversified manufacturer of auto parts and road equipment, has long earned a neutral rating from Mimica, owing to a slump in auto production and flat vehicles demand resulting from credit tightness. Going forward, he prefers São Paulo–based auto-parts provider Iochpe-Maxion because of its international exposure. “Mimica thinks like an investor,” proclaims one portfolio manager.


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