Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Credit

We saw Trump's signing of the Hong Kong Human Rights Act as a part of the trade war negotiation. The signing of the act led to China's vow to retaliate but we see this as the US' leverage to further negotiate with China. At any rate, our prediction that the trade war will linger and last beyond Trump presidency (if he fails to get re-elected) remains unchanged.

We saw Trump's signing of the Hong Kong Human Rights Act as a part of the trade war negotiation. The signing of the act led to China's vow to retaliate but we see this as the US' leverage to further negotiate with China. At any rate, our prediction that the trade war will linger and last beyond Trump presidency (if he fails to get re-elected) remains unchanged.

Bondcritic Market Monitor (2-Dec): All Quiet Before the Storms

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.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.<ul><li><a href='#lucror-entity-810'>Melco Resorts & Entertainment</a></li></ul>

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.Melco Resorts & Entertainment

Morning Views Asia: Melco Resorts & Entertainment

The Asia HY Trade Recommendations report for November includes a summary of our recommendations, as well as our high-conviction ideas. We also provide relative-value charts and lists of the bonds in the Lucror Asia HY index.

   The Asia HY Trade Recommendations report for November includes a summary of our recommendations, as well as our high-conviction ideas. We also provide relative-value charts and lists of the bonds in the Lucror Asia HY index. 

Asia HY Trade Recommendations - November 2019 - Lucror Analytics

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.<ul><li><a href='#lucror-entity-16456'>Enn Ecological Holdings</a></li><li><a href='#lucror-entity-810'>Melco Resorts & Entertainment</a></li><li><a href='#lucror-entity-11307'>Powerlong Real Estate Holdings</a></li></ul>

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.Enn Ecological HoldingsMelco Resorts & EntertainmentPowerlong Real Estate Holdings

Morning Views Asia: Enn Ecological Holdings, Melco Resorts & Entertainment

Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Equity Bottom-Up

Melco Resorts & Entertainment / Equity Bottom-Up

<ul class="">
<li>A recent short squeeze on Melco stock was no barometer of a bullish Q3 earnings release.</li>
<li>An article in the September/October Harvard Business Review cites the dangers of living by metrics which get in the way of strategy.</li>
<li>Melco's long term outlook is among the best in Asia gaming at it's price but lives in the short term mentality dominated by news and some metrics.</li>
</ul>


A recent short squeeze on Melco stock was no barometer of a bullish Q3 earnings release.
An article in the September/October Harvard Business Review cites the dangers of living by metrics which get in the way of strategy.
Melco's long term outlook is among the best in Asia gaming at it's price but lives in the short term mentality dominated by news and some metrics.


The Short Squeeze that Preceded Melco's Q3 Earnings Release Gives Pause for Metric Religion

Hong Kong

Melco Resorts & Entertainment Limited develops, owns, and operates casinos. The Company offers casino gaming, restaurants, bars, and resorts facilities. Melco Resorts & Entertainment serves customers in Asia.

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Melco Resorts & Entertainment (MLCO US)

Bondcritic Market Monitor (2-Dec): All Quiet Before the Storms

We saw Trump's signing of the Hong Kong Human Rights Act as a part of the trade war negotiation. The signing of the act led to China's vow to...

Bondcritic

Morning Views Asia: Melco Resorts & Entertainment

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

Asia HY Trade Recommendations - November 2019 - Lucror Analytics

The Asia HY Trade Recommendations report for November includes a summary of our recommendations, as well as our high-conviction ideas. We also...

Lucror Analytics

Morning Views Asia: Enn Ecological Holdings, Melco Resorts & Entertainment

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

The Short Squeeze that Preceded Melco's Q3 Earnings Release Gives Pause for Metric Religion

A recent short squeeze on Melco stock was no barometer of a bullish Q3 earnings release. An article in the September/October Harvard Business...

Howard J Klein

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)