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Valid’s performance on the Brazilian stock exchange was featured in the January 2018 edition of Isto É Dinheiro, a Brazilian financial magazine. The article evaluates 2017 as net positive for the stock market, especially for small caps, which trade stocks with lower market value. The reason for this boost in the sector (an increase of 49.3%) has to do with companies that work on the international scale, and Valid is listed as an example. “The company operates primarily in the identification segment, validating identities and driver’s licenses in 13 Brazilian states, and it has a presence in 15 countries outside Brazil.” Rafael Neves, Investor Relations Manager, was interviewed for the story. “We are the world’s fifth-largest cellular chip card producer,” he stated. “We are planning to achieve an R$80-million cost reduction by the first quarter of 2019,” he continued. The article also highlights Valid’s challenge of seeking operational efficiency, which is something that is viewed favorably by analysts.
Read the full article (in Portuguese).
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