Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Leader Energy Holdings, Ecovyst, Medco Energi and more

In today’s briefing:

  • Leader Energy Holdings Pre-IPO – Still Too Early for an ESG Angle
  • ECVT: In Growth Mode
  • Morning Views Asia: Medco Energi, Yankuang Energy Group


Leader Energy Holdings Pre-IPO – Still Too Early for an ESG Angle

By Ethan Aw

  • Leader Energy Holdings (1814173D MK) is looking to raise up to US$215m in its upcoming Malaysia IPO. 
  • Leader Energy Holdings (LE) is an independent power producer (IPP) primarily engaged in the development, ownership, O&M of power assets and projects.
  • LE’s revenue has grown on the back of higher power generation as well as coal price increases over the track record period, which drove profitability up. 

ECVT: In Growth Mode

By Hamed Khorsand

  • ECVT held an investor day asserting the Company is in a growth mode through multiple product lines, including those for emerging markets
  • ECVT has set the goal of achieving as much 8 percent a year organic adjusted EBITDA growth through 2028.
  • The growth would come from the current business growing and taking market share and ECVT having commercially available products for emerging new end markets.

Morning Views Asia: Medco Energi, Yankuang Energy Group

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


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