Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

In this month’s “In-Focus” section, we discuss Corporate Governance in Chinese Companies. Specifically, we highlight: [1] the nascent development of the Chinese corporate governance regime; [2] the lack of strong external examination/review; [3] different types of Chinese public companies; and [4] Lucror’s approach to assessing corporate governance. The Asia Monthly focuses on providing updates on recent events, information on new issues and spread movements, as well as summarising our top picks, and discussing specific areas of interest in the "In-Focus” section. The Asia Monthly is intended to broaden investors' understanding of the Asian USD high-yield market.

   In this month’s “In-Focus” section, we discuss Corporate Governance in Chinese Companies. Specifically, we highlight: [1] the nascent development of the Chinese corporate governance regime; [2] the lack of strong external examination/review; [3] different types of Chinese public companies; and [4] Lucror’s approach to assessing corporate governance.    The Asia Monthly focuses on providing updates on recent events, information on new issues and spread movements, as well as summarising our top picks, and discussing specific areas of interest in the "In-Focus” section. The Asia Monthly is intended to broaden investors' understanding of the Asian USD high-yield market. 

Asia HY Monthly - Corporate Governance In Chinese Companies - Lucror Analytics

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

Fortress Investments plans to raise around US$105m via a sell down of its 5% stake in <a href="https://www.smartkarma.com/entities/8085" target="_blank" data-smartkarma-citation="entities:8085:1">Times Property Holdings Ltd (1233 HK)</a>. The deal scores well on our framework given the company's strong earnings and price momentum. The company's recent sales performance too has been strong. However, this remains a large deal to digest at over 30 days of ADV. In addition, the stock is trading at its 52-week high.<h2>Placement specifics</h2><ul>
<li>Company Name: Times Property Holdings Ltd</li>
<li>Ticker: 1233 HK Equity</li>
<li>Secondary…</li>
</ul>

Fortress Investments plans to raise around US$105m via a sell down of its 5% stake in Times Property Holdings Ltd (1233 HK). The deal scores well on our framework given the company's strong earnings and price momentum. The company's recent sales performance too has been strong. However, this remains a large deal to digest at over 30 days of ADV. In addition, the stock is trading at its 52-week high.Placement specifics
Company Name: Times Property Holdings Ltd
Ticker: 1233 HK Equity
Secondary…


Times Property Holdings Placement - Riding on the Strong Sales Momentum

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Equity Bottom-Up

Hang Seng H Share Index ETF / Equity Bottom-Up

We have seen six privatizations on the SEHK this year: <ol><li>New World China Land</li><li>Dalian Wanda Commercial Properties</li><li>Peak Sport Products</li><li>TCL Communication Technology</li><li>Bracell</li><li>Nirvana Asia</li></ol>In this insight, we identify common themes amongst the privatizations listed above and also examine the rationale for their privatizations. We then build on our findings to shortlist several companies who meet the same criteria.

We have seen six privatizations on the SEHK this year: New World China LandDalian Wanda Commercial PropertiesPeak Sport ProductsTCL Communication TechnologyBracellNirvana AsiaIn this insight, we identify common themes amongst the privatizations listed above and also examine the rationale for their privatizations. We then build on our findings to shortlist several companies who meet the same criteria. 

Privatizations in HK - Is a Wave Starting?

China

Times China Holdings Limited operates as a real estate development company. The Company develops and markets residential areas, office buildings, hotels, restaurants, and other related areas. Times China Holdings markets its buildings throughout China.

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Times China (1233 HK)

Asia HY Monthly - Corporate Governance In Chinese Companies - Lucror Analytics

In this month’s “In-Focus” section, we discuss Corporate Governance in Chinese Companies. Specifically, we highlight: [1] the nascent development...

Lucror Analytics

Times Property Holdings Placement - Riding on the Strong Sales Momentum

Fortress Investments plans to raise around US$105m via a sell down of its 5% stake in Times Property Holdings Ltd (1233 HK). The deal scores well...

Sumeet Singh

Privatizations in HK - Is a Wave Starting?

We have seen six privatizations on the SEHK this year: New World China Land Dalian Wanda Commercial Properties Peak Sport Products TCL...

Crispin Francis

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)