Solar Philippines Nueva Ecija Corp. (SPNEC) is a company conducting its initial public offering (IPO) to raise funds to be able to construct Phase 1A of its 50-megawatt solar project in Nueva Ecija. Is the SPNEC IPO a good buy?
Here are three (3) Premium-exclusive analyses provided to you by our partner brokers.
Special Report #1: SPNEC Target Price using the "Under Construction" assumption
Highlights: "We note that at P1.00/share, Solar Philippines Nueva Ecija Corp. (SPNEC) is valued ... with our Target Price at xxx per share using the “under construction” assumption for its 225-MW solar projects (50MW-Phase 1A and 175MW-Phase 2A). Higher valuation of ..."
Special Report #2: 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.
Special Report #3: Solar Philippines Nueva Ecija Corp. (SPNEC) IPO Analysis
Highlights: "The firm runs the risk of illiquidity during the 9-month period between the construction and commercial operations of Phase 1. Nevertheless, SPNEC has planned to..."
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