bearish
Hyundai Engineering Pre-IPO - Unjustifiable Premium to Most Domestic Peers
564 Views23 Dec 2021 11:40
Hyundai Engineering Co Ltd (HEC KS) is looking to raise up to US$1bn in its upcoming Korea IPO. In this note, we discuss peer comparison, our assumptions and valuation against peers.
SUMMARY
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- Hyundai Eng Listing Date Confirmed as Feb 15: Passive Flow Schedule, Incl. Local Sector ETFs21 Jan 2022
- Hyundai Engineering IPO - Eco-Friendlier However Parent Has Traded Down Since Our Last Note19 Jan 2022
- Hyundai Engineering IPO Valuation Analysis05 Jan 2022
- Hyundai Engineering Pre-IPO - Order Backlog Aids Visibility However, Margins Have Been Fluctuating19 Dec 2021
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