Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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Ranhill Utilities / Equity Capital Markets

<p>Ranhill Holdings plans to raise upto US$180m through an issuance of a mix of primary and secondary shares in its IPO. </p><p>The deal scores a negative score on our framework, across most categories. The company is likely to have stable earnings at best, as domestic growth avenues seem limited. While valuations don't appear to be at a discount to other larger domestically listed firms. In addition, the company's past privatisation, failed attempt at an earlier IPO and current listing via RTO make us cautious. </p>

Ranhill Holdings plans to raise upto US$180m through an issuance of a mix of primary and secondary shares in its IPO. The deal scores a negative score on our framework, across most categories. The company is likely to have stable earnings at best, as domestic growth avenues seem limited. While valuations don't appear to be at a discount to other larger domestically listed firms. In addition, the company's past privatisation, failed attempt at an earlier IPO and current listing via RTO make us cautious. 

Ranhill Holdings IPO - Lack of Growth and Chequered History Makes Us Wary

Malaysia

YTL Power International Berhad is an investment holding company which provides administrative and technical support services. Through its subsidiaries, the Company develops, constructs, maintains, and operates power stations which includes Paka Power Station in Terengganu and Pasir Gudang Power Station in Johor.

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YTL Power International (YTLP MK)

Ranhill Holdings IPO - Lack of Growth and Chequered History Makes Us Wary

Ranhill Holdings plans to raise upto US$180m through an issuance of a mix of primary and secondary shares in its IPO. The deal scores a negative...

Sumeet Singh

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