Cemex, Iochpe Maxion, Minera Cerro Verde: Latin Equity Preview

The following stocks may make significant gains or losses in Latin American markets today. Symbols are in parentheses after company names, and stock prices are from the last session.

The Morgan Stanley Capital International index of Latin American shares rose 3.1 percent to 4,348.78 yesterday.

In Brazil, preferred shares are the most commonly traded class of stock. Markets were closed yesterday in Colombia for a holiday.

Brazil

Iochpe Maxion SA (MYPK4 BS): Brazil's biggest maker of rail freight cars said it received an order for 412 freight cars, valued at an undisclosed amount, from MRV Logistica SA. The cars, to be delivered between March and June, bring Iochpe Maxion's orders for next year up to 1,940 and revenue may reach 320 million reais ($183 million), the company said yesterday in a regulatory filing. The Sao Paulo-based company rose 10 centavos, or 0.3 percent, to 34 reais.

Fertilizantes Heringer SA (FHER3 BS): Brazil's second- biggest publicly traded fertilizer company will likely be able to pass higher raw materials costs on to customers because of increasing agricultural commodity demand, pushing up profits as Brazilian fertilizer companies head to another record year of sales, Banco do Brasil Investimentos analyst Anna Lucia Queiroz wrote in a note e-mailed yesterday. Viana, Brazil- based Heringer fell 1.25 real, or 5.8 percent, to 20.25 reais.

Mexico

Cemex SAB (CEMEXCP MM): North America's largest cement maker will contribute assets valued at $150 million and sell businesses worth $227 million to a joint venture with Ready Mix USA. Ready Mix will contribute $150 million in cash to the venture, Cemex said in a statement distributed by Business Wire yesterday. Cemex shares rose 1.67 pesos, or 5.9 percent, to 29.77 pesos.

Peru

Sociedad Minera Cerro Verde (SMCV PE): Freeport McMoran Inc., parent of Peru's third-largest copper producer, tripled output at its mines in the country in September following an $850 million expansion, the Energy and Mines Ministry said in a statement sent by e-mail yesterday. Cerro Verde shares rose 11 cents, or 0.4 percent, to $27.50.
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