Hyundai Engineering Co Ltd

Hyundai Engineering IPO - Eco-Friendlier However Parent Has Traded Down Since Our Last Note

Equity Capital Markets
207 Views, 19 Jan 2022 09:45
EXECUTIVE SUMMARY
  • Hyundai Engineering Co Ltd (HEC KS) is looking to raise up to US$1bn in its Korea IPO.
  • There have been a number of news reports since our last note regarding the firm securing projects with an eco-friendly tilt, which could garner investor interest.
  • Despite its recent share price correction, were HEC to list at our fair value estimate, were one to short the holdco, there exists a 2-12% return potential. 
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Clarence Chu
APAC IPOs & Placements
Aequitas Research
EquitiesEquity Capital Markets

At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. As of Dec 2020, our t... 

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