RANDONCROP VALE A PENA? A TESE POR TRÁS DE RAPT4
Спикеры
Mauricio Rahmani
— Управляющий, Reach Capital
In this clip from Market Makers, Maurício Ramani from Rich Capital presents a bullish thesis on Randon (RAPT4), arguing that the stock trades below the value of its stake in Frasle and has huge upside when the truck cycle recovers. He also briefly recommends Mercantil (MERC4) as a resilient bank for high interest rate periods.
- Maurício Ramani recommends Mercantil (MERC4) as a resilient bank in high interest rate environments.
- He presents a detailed bullish thesis on Randon (RAPT4).
- Randon's market cap is less than the value of its controlling stake in Frasle.
- The company is in a cyclical downturn but has operating and financial leverage.
- The consórcio business was partially sold to Pátria at a high valuation.
- Ramani expects Randon to multiply in price when the truck cycle turns.
- He acknowledges current operational problems but believes core earnings are improving.
Идеи
Mercantil is resilient in high rates.
Mercantil is a good stock for the current high interest rate environment because it has a consigned loan cap (teto consignado) that limits impact from high rates, and it is already very profitable and growing well. Even if rates fall, its funding cost would decrease, which is also beneficial. The bank is resilient and well-positioned regardless of the rate scenario.
Randon can multiply when truck cycle turns.
Randon (RAPT4) trades at a market cap of R$2B, less than the value of its controlling stake in Frasle (FRAS3) worth R$3B, even after accounting for holding debt. The company has been hit by a cyclical downturn in truck and trailer demand, operational issues, and a joint venture impairment. However, the core business is improving, auto parts are strong, and the consórcio unit was partially sold to Pátria at a R$1.6-1.8B valuation. When the truck cycle turns, the stock can multiply many times due to high operating and financial leverage. The fund continues to hold a large position and expects it to be a multi-bagger over the medium to long term.
Далее
This Market Makers video, published May 18, 2026, features Mauricio Rahmani discussing MERC4.SA, RAPT4.SA. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Mauricio Rahmani · Tickers: MERC4.SA, RAPT4.SA