Profile
Sector:
Basic MaterialsIndustry:
ChemicalsCountry:
BrazilIPO:
13 January 1999Website:
http://www.braskem.com.brNext earnings report:
02 August 2024Last dividends:
20 April 2022Next dividends:
N/APrice
after hours | Fri, 05 Jul 2024 22:00:02 GMTAnalysts recommendations
Institutional Ownership
BAK Latest News
Braskem's controlling holding, Novonor, is looking for a buyer for its stake in the company. The proposals to purchase this stake exceed the company's current market cap by two times. For this reason, I believe that the dangerous risks, such as the sinking of Maceió, are already in the price, bringing a good opportunity.
A Brazilian congressional committee on Tuesday suggested charging petrochemical producer Braskem with crimes against the environment and public properties over the sinking soil of a city that forced thousands of families to relocate.
Braskem S.A. (BAK) Q4 2023 Earnings Call Transcript
Brazil's state-run oil company Petrobras wants a partner to share the management of petrochemical producer Braskem , said the oil firm's Chief Executive Jean Paul Prates on Tuesday.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Braskem (BAK) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Braskem is the largest plastic producer in the Western Hemisphere. The company has been a takeover target for the last few years. In November, Abu Dhabi National Oil Company offered BRL37.29 per share. That means 100% upside potential from the current stock prices. The political and industry tailwinds are more supportive of the deal's completion than ever. PBR's CEO expects the deal to take place in 1Q24.
The city hall of Brazil's northeastern city of Maceio has asked to negotiate a new compensation agreement with petrochemical firm Braskem over the expansion of a risk area linked to sinking ground in the city, it said on Wednesday.
MT, BAK and CSL have been added to the Zacks Rank #5 (Strong Sell) List on November 10, 2023.
Brazilian petrochemical producer Braskem said on Thursday that Abu Dhabi's oil company ADNOC (ADNOC.UL) has presented a fresh non-binding offer to buy conglomerate Novonor's stake in the firm.
What type of business is Braskem SA?
Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells chemicals, including ethylene, polymer and chemical grade propylene, butadiene, butene-1, benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins. This segment also produces and sells polyethylene (PE) and polypropylene (PP); supplies electricity and other inputs to second-generation producers; produces and sells of PE, including the production of green PE from renewable resources; and produces and sells polyvinyl chloride and caustic soda. The United States and Europe segment produces and sells PP in the United States and Germany. The Mexico segment produces and sells ethylene, high-density PE, and low-density PE in Mexico. It also manufactures, sells, imports, and exports chemicals, petrochemicals, and fules; produces, supplies, and sells utilities, such as steam, water, compressed air, and industrial gases; and provides industrial services. The company was formerly known as Copene Petroquímica do Nordeste S.A. and changed its name to Braskem S.A. in 2002. Braskem S.A. was founded in 1972 and is headquartered in Camaçari, Brazil.
What sector is Braskem SA in?
Braskem SA is in the Basic Materials sector
What industry is Braskem SA in?
Braskem SA is in the Chemicals industry
What country is Braskem SA from?
Braskem SA is headquartered in Brazil
When did Braskem SA go public?
Braskem SA initial public offering (IPO) was on 13 January 1999
What is Braskem SA website?
https://www.braskem.com.br
Is Braskem SA in the S&P 500?
No, Braskem SA is not included in the S&P 500 index
Is Braskem SA in the NASDAQ 100?
No, Braskem SA is not included in the NASDAQ 100 index
Is Braskem SA in the Dow Jones?
No, Braskem SA is not included in the Dow Jones index
When does Braskem SA report earnings?
The next expected earnings date for Braskem SA is 02 August 2024