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...
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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...
381 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.
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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...
344 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...
434 Views