INSUBCONTINENT EXCLUSIVE:
Brazilian homebuilder Tenda S.A
(TEND3) is making waves with its latest financial move
The company announced a new share buyback program on January 21, 2025.Tenda plans to repurchase up to 176,356 common shares over the next 18
and potentially higher stock prices
Tenda aims to use these shares for employee stock grant plans, aligning worker and shareholder interests.Tenda Bets on Itself: New Share
Buyback Signals Market Confidence
Tenda reported a net profit of R$ 76.2 million ($13 million) in Q3 2024, reversing previous losses.The firm projects net sales between R$
4.1 billion ($683 million) and R$ 4.4 billion ($733 million) for 2024
price-to-earnings ratio of 22.87
commitment to creating value while navigating the competitive Brazilian real estate landscape
Investors and market watchers should keep a close eye on how this bold move unfolds in the coming months.
