In today’s briefing:
- REPT BATTERO Energy IPO – Fastest Growth, Lowest Margins, No Valuation Discount
- Bumper Brazil Harvest To Depress Near-Term Sugar Price Despite Indian Export & Blending Restrictions
REPT BATTERO Energy IPO – Fastest Growth, Lowest Margins, No Valuation Discount
- REPT BATTERO Energy is looking to raise around US$300m in its Hong Kong IPO.
- REPT BATTERO Energy (REPT) is a lithium-ion battery manufacturer in China, focusing on R&D, production, and sales of EV/ESS lithium-ion battery products such as battery cells, modules and packs.
- We have looked at the company’s past performance in our previous notes. In this note, we talk about valuations.
Bumper Brazil Harvest To Depress Near-Term Sugar Price Despite Indian Export & Blending Restrictions
- India is top global sugar producer & exporter. India ordered mills to halt ethanol blending on domestic shortage concerns in addition to export restrictions imposed earlier this year.
- Sugar prices soared to a 12 year high in late Oct. Despite India’s order on blending, global sugar prices have tanked 13% since start of Dec.
- Brazil’s bumper sugar crop will depress near term prices. However, intensifying effects of El Niño could send sugar prices soaring during later part of next year.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
