Harita Nickel IPO: Valuation Insights
Our analysis suggests that Harita is fairly valued at the IPO IPO price range of IDR1,220-1,250 per share. We would participate in the IPO.
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Harita Nickel IPO Valuation - Capacity Ramp Ups Will Pay Dividends in the Long Run
PT Trimegah Bangun Persada Tbk (Harita Nickel) (2230010D IJ) is looking to raise about US$650m in its Indonesian IPO. In this note, we look at...
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Harita Nickel IPO: The Bear Case
The key elements of the bear case rest on weakening market sentiment, high single-customer dependence, gross margin pressure, high cash burn and...
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Harita Nickel IPO Peer Comparison - Seems to Be More Reliant on Lygend, than Vice Versa
PT Trimegah Bangun Persada Tbk (Harita Nickel) (2230010D IJ) is looking to raise about US$650m in its Indonesian IPO. HN is a vertically integrated...
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Harita Nickel IPO: The Bull Case
The key elements of the bull case rest on good underlying revenue growth, near-term capacity expansion, high profitability, capex nearing the peak...
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