SBS Jul 2024 15.000 call
- Bloomberg
Sao Paulo Water Utility’s Share Sale Lure Only One Bidder
(Bloomberg) -- Brazilian power company Equatorial Energia SA emerged as the sole bidder to buy a key stake in Sabesp, the water utility that’s being privatized by Sao Paulo state in a multibillion-dollar share offering.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pay Cap, Bonus ClawbacksSupreme Cou
- Bloomberg
Brazil Investor Tanure Weighs Role in Sabesp Privatization
(Bloomberg) -- Veteran Brazilian investor Nelson Tanure is considering taking part in the privatization of Latin America’s largest water utility, Cia de Saneamento Basico do Estado de Sao Paulo, according to people familiar with the matter. Most Read from Bloomberg‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic BoomWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanNvidia’s 591,078% Rally to Most Valuable Stock Came in WavesNvidia Becomes World’s Most Valuab
- Zacks
Here's Why Sabesp (SBS) is Poised for a Turnaround After Losing -11.66% in 4 Weeks
Sabesp (SBS) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
