There is no better time to invest in Brazilian equities, it has been claimed.
ValuEngine.com revealed that interest rate rises are likely to have come to an end and claimed that global investors should be looking towards Brazil and China for investment opportunities, Forbes reported.
The firms lists of top investment tops was dominated by Brazilian and Chinese companies, with Brazils Ambev labelled by the company as a strong buy, meaning it is expected to make a return of more than 12 per cent in the next year.
According to the publication Embraer, Ambev and Petrobras have been on the buy list for at least five consecutive weeks.
“While that probably shows the market is moving sideways at best, it also means these names have been trading at a discount for some time. Sooner or later, investors will catch on,” Forbes revealed.
Recently, the Economic Commission for Latin America and the Caribbean predicted that Brazil is likely to experience strong growth for the remainder of this year.
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