Solar Philippines Nueva Ecija Corp. (SPNEC) is currently conducting its initial public offering (IPO) with shares priced at P1.00 each. The offer period will run until Dec. 7 and the stock will start trading in the PSE on Dec. 17.
Interestingly, SPNEC is a company without any operations yet. Proceeds from the IPO are planned to be used for the construction and development of a 50-megawatt solar project in Nueva Ecija. Given this, should you buy the IPO of SPNEC?
Check out the exclusive analysis of PinoyInvestor's partner broker AB Capital Securities:
Exclusive Stock Report: Solar Philippines Nueva Ecija Corp. (SPNEC): Company with No Track Record Conducts IPO
Highlights: "We are willing to overlook the fact that SPNEC as an entity has no track record of profitability but we believe that SPNEC ... Using the most basic valuation method of estimating the enterprise value of the company, we have arrived at a Target Price for SPNEC at ... per share.
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