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The bank Santander Brasil (SANB11) will dismiss director Carlos José da Costa André by June 30 as part of a global restructuring in wealth management.
The executive serves on the bank’s board and is also the president of Anbima, which is the Brazilian Association of Financial and Capital Market Entities.
The decision shows how the Group’s segment structure has evolved over time.
Santander highlights the successful measures taken during the deadlock between China and the USA.
An analysis of Santander bank (SANB11) suggested that Rumo (RAIL3) and Agricultural SLC (SLCE3) would benefit the most in a situation involving tariffs from China on US commodities and proteins.
It is anticipated that there will be an increase in the need for logistics in Brazil due to a shift in the import volumes of corn and soy from the US, leading to higher prices amid limited stocks.
China has imposed a 15% tariff on chicken, wheat, and corn imported from the USA, and a 10% tariff on sorghum, pork, beef, and dairy products, effective from March 10th.
The actions were taken in reaction to a 10% increase in tariffs, which brought the total to 20%, placed on Chinese goods exported to the US by President Donald Trump.
The recent tariffs are milder than the 25% tariffs introduced in 2018, which led to a shift in China’s commodity purchases from the US to Brazil, as reported by the “Money Times”.
SLC is expected to benefit significantly from the rise in demand for Brazilian soy, which could lead to higher local prices. Other companies like 3tentos (TTEN3) and Boa Safra (SOJA3) could also experience positive effects.
Brazil’s primary grain export blend for China could enhance the competitiveness of the main Rumo routes, which run from the Midwest to the Port of Santos. This is due to the lower shipping costs they provide to China in comparison to Brazilian ports in the Arco Norte.
The bank recommends buying SLC Agricultural (SLCE3) and Rumo (RAIL3) stocks, with target prices of R$ 23 and R$ 21 respectively.
The bank has buy suggestions for both SLC Agricultural (SLCE3) and Rumo (RAIL3) stocks, setting a target price of R$ 23 for the former and R$ 21 for the latter.
The suggestion is to buy Boa Safra with a target price of R $ 15 and to maintain a neutral stance on 3tentos (TTEN3) with a target price of R $ 18.
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