LatAm Transport and Capital Goods "Daily Take-Off: ASUR, POMO, RAPT, TUP..."

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LatAm Transport and Capital Goods "Daily Take-Off: ASUR, POMO, RAPT, TUP..."

Global Research

9 June 2026ab

LatAm Transport and Capital Goods Equities

Latin AmericaDaily Take-Off: ASUR, POMO, RAPT, TUPY,

VAMO, CPA, VLRS Industrial

Alberto Valerio

Analyst

alberto.valerio@ubs.com

POMO, RAPT, TUPY, VAMO: Move Brasil 2 already consumes 31% of budget; bus +55-11-2767 6918

allocation may run out first

Andressa Varotto

According to Diario do Transporte, Move Brasil 2 has already approved R$6.6bn in Analyst

financing roughly five days after the credit line became effective on May 29, andressa.varotto@ubs.com

equivalent to 31.2% of the program’s total R$21.2bn budget. Of the approved +55-11-2767 6654

amount, R$3.1bn has already been contracted and R$299.7m disbursed. The Rafael Simonetti

program may exhaust its resources by late July, ahead of the formal adhesion Associate Analyst

deadline of Aug 28. The program has already reached 4.9k operations across 1,056 rafael.simonetti@ubs.com

municipalities, with an average ticket of R$1.3m per operation. Most approvals +55-11-2767 6628

were directed to fleet operators, totaling R$6.58bn across 4.8k operations, while

autonomous clients accounted for R$43.8m across 104 operations. The R$2bn bus

allocation is expected to be depleted first, after R$400m was already approved on

the first day of operations. Financing rates can reach 12.36% p.a., or 11.26% p.a.

when an old vehicle is delivered for dismantling. Payment terms range from 60

months for cargo transport companies to 120 months for truck drivers and bus

operators, with grace periods depending on client profile. Potential Impact:

Slightly positive for BZ Auto Parts (POMO, RAPT, TUPY) and VAMO as the program

could support new and used trucks and buses sales in 3Q26.