Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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Star Petroleum Refining / Equity Capital Markets

Star Petroleum Refining PCL, a Thailand based refinery JV between PTT and Chevron, recently launched its&nbsp;IPO, in&nbsp;which PTT is seeking to entirely exits its stake.<ul><li>In this insight, we compare the company to its closest peers and highlight the key considerations likely to impact the deal</li><li>We also run the deal through&nbsp;our Smartkarma IPO framework, which rates it below our cut-off&nbsp;for participation</li><li>From valuation perspective, the deal however appears to offer discount to its listed peers</li><li>Question is - when PTT is cashing out, should you be in?&nbsp;</li></ul>More fold below...

Star Petroleum Refining PCL, a Thailand based refinery JV between PTT and Chevron, recently launched its&nbsp;IPO, in&nbsp;which PTT is seeking to entirely exits its stake.In this insight, we compare the company to its closest peers and highlight the key considerations likely to impact the dealWe also run the deal through&nbsp;our Smartkarma IPO framework, which rates it below our cut-off&nbsp;for participationFrom valuation perspective, the deal however appears to offer discount to its listed peersQuestion is - when PTT is cashing out, should you be in?&nbsp;More fold below...

SPRC IPO: Cash Out by PTT. Limited Growth. Should You Be In?

Thailand

Star Petroleum Refining PCL offers  petroleum products both for domestic consumption and for export and operates a crude oil refinery. Star Petroleum Refining operates in Thailand.

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Star Petroleum Refining (SPRC TB)

SPRC IPO: Cash Out by PTT. Limited Growth. Should You Be In?

Star Petroleum Refining PCL, a Thailand based refinery JV between PTT and Chevron, recently launched its IPO, in which PTT is seeking to entirely...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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