[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ transparent_background=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”on”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” make_fullwidth=”off” use_custom_width=”off” width_unit=”on”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Texto” _builder_version=”4.7.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ use_border_color=”off” border_color=”#ffffff” border_style=”solid” sticky_enabled=”0″]<\/p>\n
Por
Estad\u00e3o<\/p>\n
Um dos setores mais afetados pela pandemia de covid-19, as empresas de shopping centers listadas na B3 (SA:B3SA3) registram volatilidade de acordo com o notici\u00e1rio do dia sobre vacinas e restri\u00e7\u00f5es de circula\u00e7\u00e3o. Neste ano, as a\u00e7\u00f5es registram quedas que chegam a mais de 40%, e para 2021, os analistas apontam muitas incertezas que impedem um maior otimismo em rela\u00e7\u00e3o a uma eventual recupera\u00e7\u00e3o.<\/p>\n
Entre as quatro maiores empresas do segmento listadas, Aliansce Sonae (SA:ALSO3) e BR Malls (SA:BRML3) acumulam quedas de cerca de 40% em 2020, enquanto Iguatemi (SA:IGTA3) e Multiplan (SA:MULT3) registram desvaloriza\u00e7\u00f5es pr\u00f3ximas a 25%. Estas duas \u00faltimas, no geral, s\u00e3o as preferidas dos analistas dentro do setor, mas poucas casas colocam uma destas a\u00e7\u00f5es em suas recomenda\u00e7\u00f5es gerais.<\/p>\n
Para Regis Chinchila, o ano de 2021 para as administradoras de shoppings ainda depende das restri\u00e7\u00f5es de circula\u00e7\u00e3o impostas em cada munic\u00edpio ou Estado, lembrando que S\u00e3o Paulo, por exemplo, est\u00e1 com hor\u00e1rio mais restrito e 50% de ocupa\u00e7\u00e3o m\u00e1xima. “Com isso, resultados podem ser melhores para 2021, mas n\u00e3o t\u00e3o bons como antes da pandemia”, explica.<\/p>\n
Ele lembra ainda que h\u00e1 uma preocupa\u00e7\u00e3o com os alugu\u00e9is das lojas, depois do per\u00edodo de fechamento dos centros comerciais e a acelera\u00e7\u00e3o do IGP-M, \u00edndice de infla\u00e7\u00e3o usado para corrigir os contratos. A a\u00e7\u00e3o preferida da Terra dentro do segmento \u00e9 Iguatemi, “pois apresenta potencial de eleva\u00e7\u00e3o interessante e portf\u00f3lio de shoppings mais voltado para classes A\/B, podendo se recuperar mais r\u00e1pido dos impactos sofridos pelo coronav\u00edrus”, explica Chinchila.<\/p>\n
Na vis\u00e3o de Alvaro Bandeira o desempenho dos shoppings no pr\u00f3ximo ano vai depender tamb\u00e9m da vacina\u00e7\u00e3o, j\u00e1 que a popula\u00e7\u00e3o precisa de confian\u00e7a para voltar a circular de forma mais pr\u00f3xima do normal. “Precisa tamb\u00e9m que governo e Congresso enderecem melhor as reformas e ajustes, para dar confian\u00e7a aos empreendedores locais e investidores externos”, explica Bandeira. A preferida do Modalmais no setor \u00e9 Iguatemi ON, que est\u00e1 na lista de recomenda\u00e7\u00f5es para a pr\u00f3xima semana.<\/p>\n
Ricardo Peretti, estrategista de renda vari\u00e1vel, tem uma vis\u00e3o mais otimista. “Acreditamos que o pior tenha ficado para tr\u00e1s no setor de shoppings, j\u00e1 que as vendas dos lojistas, o interesse por um novo espa\u00e7o comercial, o fluxo de clientes e o tempo m\u00e9dio de perman\u00eancia nos shoppings continuam a evoluir a cada m\u00eas”, afirma. A preferida do Santander (SA:SANB11) \u00e9 Multiplan ON.<\/p>\n
[\/et_pb_text][et_pb_post_nav in_same_term=”on” show_next=”off” admin_label=”Navega\u00e7\u00e3o da postagem” _builder_version=”3.0.87″ use_border_color=”off” border_color=”#ffffff” border_style=”solid” hide_prev=”off” hide_next=”on”] [\/et_pb_post_nav][et_pb_post_nav in_same_term=”on” show_prev=”off” admin_label=”Navega\u00e7\u00e3o da postagem” _builder_version=”3.0.87″ use_border_color=”off” border_color=”#ffffff” border_style=”solid” hide_prev=”on” hide_next=”off”] [\/et_pb_post_nav][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Linha” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Texto” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ admin_label=”Linha” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” make_fullwidth=”off” use_custom_width=”off” width_unit=”on”][et_pb_column type=”1_3″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_button button_url=”https:\/\/www.amarilfranklin.com.br\/index.php\/cambio\/” button_text=”C\u00e2mbio” button_alignment=”center” admin_label=”C\u00e2mbio” _builder_version=”3.16″ custom_button=”on” button_text_size=”14″ button_letter_spacing_hover=”0″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0″ button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”] [\/et_pb_button][et_pb_button button_url=”https:\/\/www.amarilfranklin.com.br\/index.php\/fundos-de-investimento-amaril-franklin\/” button_text=”Fundos de Investimentos” button_alignment=”center” admin_label=”Fundos de Investimentos” _builder_version=”3.16″ custom_button=”on” button_text_size=”14″ button_letter_spacing_hover=”0″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0″ button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”] [\/et_pb_button][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_button button_url=”https:\/\/www.amarilfranklin.com.br\/index.php\/renda-fixa\/” button_text=”Renda Fixa” button_alignment=”center” admin_label=”Renda Fixa” _builder_version=”3.16″ custom_button=”on” button_text_size=”14″ button_letter_spacing_hover=”0″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0″ button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”] [\/et_pb_button][et_pb_button button_url=”https:\/\/www.amarilfranklin.com.br\/index.php\/clube-de-investimento\/” button_text=”Clube de Investimento” button_alignment=”center” admin_label=”Clube de Investimento” _builder_version=”3.16″ custom_button=”on” button_text_size=”14″ button_letter_spacing_hover=”0″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0″ button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”] [\/et_pb_button][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_button button_url=”https:\/\/www.amarilfranklin.com.br\/index.php\/mercado-de-acoes\/” button_text=”Mercado de A\u00e7\u00f5es” button_alignment=”center” admin_label=”Mercado de A\u00e7\u00f5es” _builder_version=”3.16″ custom_button=”on” button_text_size=”14″ button_letter_spacing_hover=”0″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0″ button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”] [\/et_pb_button][et_pb_button button_url=”https:\/\/www.amarilfranklin.com.br\/index.php\/opa-fechamento-de-capital\/” button_text=”Fechamento de Capital – OPA” button_alignment=”center” admin_label=”Fechamento de Capital – OPA” _builder_version=”3.16″ custom_button=”on” button_text_size=”14″ button_letter_spacing_hover=”0″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0″ button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”] [\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
Por Estad\u00e3o Um dos setores mais afetados pela pandemia de covid-19, as empresas de shopping centers listadas na B3 (SA:B3SA3) registram volatilidade de acordo com o notici\u00e1rio do dia sobre vacinas e restri\u00e7\u00f5es de circula\u00e7\u00e3o. Neste ano, as a\u00e7\u00f5es registram quedas que chegam a mais de 40%, e para 2021, os analistas apontam muitas incertezas […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"1080","footnotes":""},"categories":[1],"tags":[],"class_list":["post-21835","post","type-post","status-publish","format-standard","hentry","category-noticias"],"_links":{"self":[{"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/posts\/21835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/comments?post=21835"}],"version-history":[{"count":0,"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/posts\/21835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/media?parent=21835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/categories?post=21835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/tags?post=21835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}