3tentos stock enters BTG's list of potential export winners
Published on 11/01/2026 at 00:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat BTG sees for 3tentos
- BTG Pactual grouped 3tentos with agricultural exporters that could benefit from a weaker Brazilian real.
- Higher long-term interest rates remain a risk for companies exposed to tighter financial conditions.
- The next market focus is Brazil's fiscal direction and its impact on rates and the currency.
BTG Pactual sees 3tentos among Brazilian agribusiness exporters that could benefit from a weaker real, according to a report covered by CNN Brasil on Tuesday, October 27, 2026.
BTG's assessment followed the re-election of Luiz Inacio Lula da Silva and focused on the possible market effects of a weaker Brazilian currency, higher long-term interest rates and fiscal uncertainty. The bank cited 3tentos, SLC Agricola and Sao Martinho as agricultural companies with export exposure that may be supported by a softer real.
Currency support meets rate pressure
A weaker currency can improve the local-currency value of export receipts, but the impact depends on each company's cost base and operating structure. BTG also said that companies with solid balance sheets, low debt or net cash could be better positioned if borrowing costs remain elevated.
The report projected that the real could weaken by 10% to 15% and that the Ibovespa could decline by 17% from its then-current level. It also cited a possible Selic rate of 12% at the end of 2027, while warning that fiscal policy could make the outlook less favorable.
Business model and market position
3tentos is a Brazilian agribusiness company with exposure to agricultural commodity exports and is headquartered in Santa Barbara do Sul, Rio Grande do Sul, according to the company's investor-relations website. In the BTG assessment, it was grouped with SLC Agricola and Sao Martinho as an export-oriented agribusiness name that could benefit from currency depreciation. Its relative investment position therefore depends on the balance between export exposure and sensitivity to domestic financing conditions.
Investor focus
For investors, the key variables are the path of Brazil's fiscal policy, the real and long-term yields. Those factors may influence the earnings outlook for 3tentos, but the BTG assessment does not establish a guaranteed share-price reaction.
