Harita Nickel IPO: Trading Debut
Peers have re-rated and the IPO price continues to imply a discount to the median peer CY2023 P/E multiple. Therefore, the IPO price remains...
379 Views
Harita Nickel IPO Trading - Quality Names in the Bookbuild Should Aid Sentiment
PT Trimegah Bangun Persada Tbk (Harita Nickel) (2230010D IJ) raised around US$660m in its Indonesian IPO. In this note, we will talk about the...
378 Views
Thematic: Electric Vehicles
Ecosystem growth as the catalyst for Indonesian EV. EV sales in China have led the EV market growth. BYD and Tesla drive the EV ecosystem.
544 Views
Mincor Resources (MCR AU): Production Issues Result in the Board Succumbing to Wyloo’s Offer
The Board has taken the path of least resistance by recommending the offer instead of rejecting the low-balled offer and addressing the production...
336 Views
Merdeka Battery Materials IPO Peer Comparison & Valuation - Might Be Worth a Shot
Merdeka Battery Materials (2012725D IJ) is looking to raise around US$580m in its Indonesian IPO. We undertake a quick peer comparison, and share...
423 Views