In today’s briefing:
- Leader Energy Holdings Pre-IPO – Still Too Early for an ESG Angle
- ECVT: In Growth Mode
- Morning Views Asia: Medco Energi, Yankuang Energy Group

Leader Energy Holdings Pre-IPO – Still Too Early for an ESG Angle
- Leader Energy Holdings (1814173D MK) is looking to raise up to US$215m in its upcoming Malaysia IPO.
- Leader Energy Holdings (LE) is an independent power producer (IPP) primarily engaged in the development, ownership, O&M of power assets and projects.
- LE’s revenue has grown on the back of higher power generation as well as coal price increases over the track record period, which drove profitability up.
ECVT: In Growth Mode
- ECVT held an investor day asserting the Company is in a growth mode through multiple product lines, including those for emerging markets
- ECVT has set the goal of achieving as much 8 percent a year organic adjusted EBITDA growth through 2028.
- The growth would come from the current business growing and taking market share and ECVT having commercially available products for emerging new end markets.
Morning Views Asia: Medco Energi, Yankuang Energy Group
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
