In today’s briefing:
- Harita Nickel IPO Peer Comparison – Seems to Be More Reliant on Lygend, than Vice Versa
- Weekly Deals Digest (19 Mar) – Japan Post, Toshiba, AAG, SBI Sumishin, Trial Holdings, Harita Nickel
- ECM Weekly (19th Mar 2023) – Japan Post Bank, SBI Sumishin, Harita, Trial Holding, ZKH, DPC, Kelsian
Harita Nickel IPO Peer Comparison – Seems to Be More Reliant on Lygend, than Vice Versa
- PT Trimegah Bangun Persada Tbk (Harita Nickel) (2230010D IJ) is looking to raise about US$650m in its Indonesian IPO.
- Harita Nickel is a vertically integrated pure-play nickel company operating on Obi Island, Indonesia.
- For our peer comparison exercise, we looked at international nickel mining companies and also included downstream players in the nickel value chain such as Huayou Cobalt and Lygend Group.
Weekly Deals Digest (19 Mar) – Japan Post, Toshiba, AAG, SBI Sumishin, Trial Holdings, Harita Nickel
- A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
- ECM developments – SBI Sumishin Net Bank (7163 JP), Trial Holdings (5882 JP) and PT Trimegah Bangun Persada Tbk (Harita Nickel) (2230010D IJ) IPOs; Japan Post Bank (7182 JP) offering.
- Event-Driven developments – Toshiba Corp (6502 JP), Toyo Construction (1890 JP), Genesis Minerals (GMD AU), Pushpay Holdings (PPH NZ), Aag Energy Holdings (2686 HK), Halcyon Agri (HACL SP).
ECM Weekly (19th Mar 2023) – Japan Post Bank, SBI Sumishin, Harita, Trial Holding, ZKH, DPC, Kelsian
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- IPO activity continues to pick up momentum, although the recent market volatility will likely make a few companies reconsider their near term plans.
- On the placements front, Japan Post Bank (7182 JP) hasn’t been playing ball, as has been the case with most of the other past deals which offered a trivial discount.
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