Business · Markets · 2 days ago
Brazilian homebuilders rise after third-quarter updates and lower interest rates
Shares in Brazilian homebuilders MRV, Cury and Tenda rose on Friday after they released preliminary operating figures for the third quarter.
MRV reported cash generation of 456 million reais and a 29.6% increase in net sales to 3 billion reais.
Tenda said sales grew 4.4% to 1.29 billion reais, while Cury also reported growth in sales.
A strike at state-owned lender Caixa disrupted bank transfers and financing, weighing on some companies’ cash generation and operations.
Investors were also encouraged by falling long-term interest rates, which can support construction companies.
Rates fell amid market reactions to election polls and expectations about future control of public finances, though the candidate discussed had not presented concrete adjustment proposals.
Analysts said some effects of the strike could ease in the fourth quarter, but tighter lending criteria may continue to constrain prices and margins.
Shares of Brazilian homebuilders MRV, Cury and Tenda rose on Friday, October 9, after the companies released preliminary third-quarter operating figures.
MRV gained 21.62% to 7.82 reais per ordinary share, while Cury rose 9.66% to 34.52 reais and Tenda advanced 4.78% to 30.90 reais.
MRV reported 456 million reais in cash generation and a 29.6% increase in net sales to 3 billion reais, although analysts said its cash generation fell short of expectations.
Cury's net sales increased 10.7% to 1.8 billion reais, and the average price of apartments sold rose 7.7% year on year to 322,800 reais.
Tenda reported a 4.4% increase in sales to 1.29 billion reais; analysts said a Caixa bank workers' strike affected transfers and cancellations across the sector.
InfoMoney said falling long-term interest rates and an election-related rally also supported construction shares, including companies that had not released preliminary results.
- Who
- Brazilian homebuilders MRV, Cury and Tenda, and investors trading their shares
- What
- Construction shares rose after preliminary third-quarter operating results were published
- When
- Friday, October 9, 2026
- Where
- Brazil's B3 stock exchange
- Why
- Preliminary sales figures and cash-generation data, falling long-term interest rates and an election-related rally supported shares; the Caixa strike also affected operating results.
This story does not have two clearly opposing sides.
Acreditamos que a companhia segue na direção correta do ponto de vista operacional e que os desinvestimentos em andamento devem contribuir para a redução da alavancagem. No entanto, o desempenho mais fraco do caixa pode atrasar a recuperação da confiança dos investidores no curto prazo
No entanto, nossa principal preocupação está relacionada ao cenário estrutural: critérios mais rígidos de concessão de crédito pela Caixa e a menor utilização de financiamento pró-soluto pela companhia tendem a limitar a evolução dos preços médios e das margens nos próximos trimestres.
This story does not have a timeline yet.
- MRV share gain
- 21.62%, to 7.82 reais per ordinary share
- MRV third-quarter net sales
- 3 billion reais, up 29.6%
- Cury third-quarter net sales
- 1.8 billion reais, up 10.7%
- Tenda third-quarter sales
- 1.29 billion reais, up 4.4%
- Reported Caixa strike impact on MRV cash generation
- Approximately 80 million reais
Sources
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