Daily BriefsIndonesia

Daily Brief Indonesia: Barito Renewables Energy and more

In today’s briefing:

  • StubWorld: Barito Renewables (BREN IJ) – This Too Shall Pop


StubWorld: Barito Renewables (BREN IJ) – This Too Shall Pop

By David Blennerhassett

  • Barito Pacific (BRPT IJ)‘s 64.7% stake in Barito Renewables Energy (BREN IJ) (now Indonesia’s largest company by market cap), is worth 8x its market cap. That’s unsustainable.
  • Preceding my comments on the Barito complex are the current setup/unwind tables for Asia-Pacific Holdcos.
  • These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation >20%.

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