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syy891013

Pulp Market Facing Challenging Scenario in Prices and Demand

Short
Suzano S.A. (BATS:SUZ)  
syy891013  
BATS:SUZ   Suzano S.A.
Trend Analysis
0
0
trendanalysis
Comments on Business
  • Decrease in demand for printing and writing in Brazil.
  • Decline in pulp prices and appreciation of the BRL were the main factors reducing adjusted EBITDA.
  • Increase in expenses.
  • Decline in pulp sales even with higher demand in China.

KPI Driving Revenue and Earnings
  • Pulp sales volume and revenue -6% vs. 2Q22.
  • Paper sales -9% vs. 2Q22.
  • 2Q23 Adjusted EBITDA -38% YoY.

Catalysts
Bad earnings should be a catalyst for the stock price to decline.

Trade Structure
Entry: 10.71
Target: 9.29
Stop: 12.12
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