Buy Solar Philippines Nueva Ecija Corp. IPO Even if Company Has No Track Record?

Solar panel and renewable energy.

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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I am not a stock market investor, not a licensed stock market advisor, does not provide personal investment advice nor advocate Buy/Sell/Hold recommendations of any investments and securities. You should seek advice from qualified/licensed stock market advisors before engaging in any transaction.

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