In today’s briefing:
- Barito Renewables IPO – Quick Peer Comparison & Thoughts on Valuation – Good Assets but Bad Price
Barito Renewables IPO – Quick Peer Comparison & Thoughts on Valuation – Good Assets but Bad Price
- Barito Renewables (2306028D IJ) is looking to raise around US$228m in its Indonesian IPO.
- Barito Renewables (BR) is Indonesia’s largest geothermal power producer, and the third-largest globally by installed capacity, as per the firm.
- In our previous note, we covered the company’s performance. In this note, we will undertake a quick peer comparison and share our thoughts on valuation.
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