Daily Brief Energy/Materials: Leader Energy Holdings, Nexa Resources Sa, Crown Holdings, Enterprise Products Partners, Sasol Ltd and more

• Leader Energy Holdings (1814173D MK) is looking to raise up to US$300m in its upcoming Malaysia IPO. The deal will be run by Affin Hwang, RHB, CIMB, Maybank and CLSA. 
• Leader Energy Holdings (LE) is an independent power producer (IPP) primarily engaged in the development, ownership, O&M of power assets and projects. 
• As of the Latest Practicable Date (LPD, 30th Apr 23), its power assets and projects (including those owned by jointly controlled entities), are located in six Southeast Asian countries.   

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Nexa’s ESG as “Adequate”, in line with its “Adequate” Environmental, Social and Governance scores. Controversies are “Immaterial” and Disclosure is “Strong”. 

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Crown Holdings’ ESG as “Adequate”, in line with its Environmental and Social scores, while Governance is “Strong”. Controversies are “Immaterial” and Disclosure is “Strong”. 

• Enterprise Products Partners delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.
• Enterprise Product Partners remains on track with significant projects, aiming to put approximately $3.8 billion into service this year.
• We give Enterprise Products Partners a ‘Hold’ rating with a revised target price.

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Sasol’s ESG as “Adequate”, in line with its “Adequate” Environmental and Social scores. The company has a “Strong” Governance score. The Environmental and Governance pillars carry higher weightages than the Social pillar in our assessment, given the nature of the business and industry. Controversies are “Material”, but Disclosure is “Strong”. The group harbours an ambition to be included in the DJSI.