Asia: Developing Leadership
As all eyes are focused on Europe—the current darling trade—Asia is emerging as a technical leader. The MSCI All-Country Asia Index (below) is...
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Lotte Chemical Titan IPO - Bookbuilding Results & Assessment
Lotte Chemical Titan Holding Berhad (TTNP MK) IPO's institutional price and the retail price have been fixed at RM6.5 per share for both...
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Lotte Chemical Titan IPO - More Valuation Debate
My estimate for Titan's FY17 EBITDA is ₩600bil and I'd give 8x EBITDA multiple. So, I get ₩4.8tril price tag for Titan, which is slightly lower...
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LOTTE CHEMICAL 011170 KS - 27% Upside
Should you have any questions and wish to speak with one of our analysts, please don’t hesitate to contact us. Equity Asia: + (65) 6735 3040 or...
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Lotte Chemical Titan IPO - Valuation Sensitivity Analysis
Below is a sensitivity analysis for Titan's valuation. Titan's proposed RM8 based MC ₩5,182bil seems to be standing at about 30% discount to the...
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