Crop scales MULT3 and increases exposure to PETR4 and ITSA4 in share portfolio for October (Image: Kaype Abreu / Money Times)
O Harvest excluded the actions of Iguatemi (IGTI11) and included the Multiplan (MULT3) in the recommended portfolio for October.
The bank continues to like Iguatemi's thesis for the medium and long term, however, it prefers to give space to Multiplan as it sees positive catalysts.
Analysts highlight that Multiplan has the most balanced shopping mall portfolio in the sector, which allows it to seek real growth in rents in the future.
“We see that MULT also trades at an attractive valuation, offering an FFO yield of 9.4%, leading to a spread of 3 pp to the NTN-B 2035 rate, 1.4 pp above its 5-year historical average , 1.6 pp”, they state.
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Furthermore, they say that, last month, the announcement of the purchase by its main shareholder and the company itself of 111.2 million shares from a reference shareholder should generate value — “an event that appears not to be fully reflected in stock prices.” their actions.”
The bank also reduced its exposure to Prio (PRIO3) e Direction (RAIL3) and increased exposure to Petrobras (PETR4) e Itaúsa (ITSA4).
In September, Safra's recommended portfolio fell 3.42%, compared to a 3.08% drop in Ibovespa (IBOV). In 2024, the selection accumulates a drop of 5.44%, compared to 1.77% for the index.
Stocks to buy in October
| Enterprise | Code | Target Price | High potential | Weight in the wallet |
|---|---|---|---|---|
| Itaúsa | ITSA4 | R$ 12,50 | 12,9% | 16% |
| Cyrela | CYRE3 | R$ 31,20 | 52% | 12% |
| Direction | RAIL3 | R$ 30 | 50% | 10% |
| Bradesco | BBDC4 | R$ 18 | 22,4% | 8% |
| Petrobras | PETR4 | R$ 34 | -5,6% | 8% |
| Vale | ELECTION 3 | R$ 73 | 14,9% | 10% |
| Prio | PRIO3 | R$ 65 | 50% | 10% |
| Multiplan | MULT3 | R$ 30,20 | 17,7% | 10% |
| Vivara | VIVA3 | R$ 25,20 | -6,4% | 8% |
| Eletrobras | ELET3 | R$ 54,4o | 38,2% | 8% |