Senior Credit Analyst, Lucror Analytics

Tanvi Arora

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

<ul>
<li>In the US, existing home sales rose 3.4% m-o-m in October (2.9% e / -1.3% revised p) to an annualised 3.96 mn units.</li>
<li>That said, existing home sales grew at the slowest pace since late 2010, amid rising mortgage costs.</li>
<li>Separately, the Conference Board leading index fell 0.4% (-0.3% e / -0.3% revised p) to 99.5 in October 2024. </li>
</ul>


In the US, existing home sales rose 3.4% m-o-m in October (2.9% e / -1.3% revised p) to an annualised 3.96 mn units.
That said, existing home sales grew at the slowest pace since late 2010, amid rising mortgage costs.
Separately, the Conference Board leading index fell 0.4% (-0.3% e / -0.3% revised p) to 99.5 in October 2024. 


Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Equity Bottom-Up

<ul><li>The WTR Sustainable Index was down 2.0% W/W versus the S&amp;P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).</li><li>Energy Technology (13.8% of the index) was down 3.3%, while Industrial Climate and Ag Technology (48.3% of the index) was down 0.8%, ClimateTech Mining was down 4.1%, and Advanced Transportation Solutions (20.7% of index) was down 1.9%.</li><li>Top 10 Performers: LEV, GRB, TGEN, HTOO, NGPHF, MVST, AZRE, EGT, MXL, HYSR</li></ul>

The WTR Sustainable Index was down 2.0% W/W versus the S&amp;P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).Energy Technology (13.8% of the index) was down 3.3%, while Industrial Climate and Ag Technology (48.3% of the index) was down 0.8%, ClimateTech Mining was down 4.1%, and Advanced Transportation Solutions (20.7% of index) was down 1.9%.Top 10 Performers: LEV, GRB, TGEN, HTOO, NGPHF, MVST, AZRE, EGT, MXL, HYSR

Sustainable Investing Surveyor Focus on California Resources Corporation (CRC)

Leonard Law, CFA

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: New World Development, Indofood CBP, Azure Power, Adani Green Energy, Meituan</li>
<li>In the US, treasuries climbed in a holiday-shortened session on Friday, with yields falling 8-10 bps across the curve. The yield on the 2Y UST dropped 8 bps to 4.15%, while that on the 10Y UST declined 10 bps to 4.17%.</li>
<li>Equities rallied, with the S&amp;P 500 rising 0.6% to a new record high of 6,032.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: New World Development, Indofood CBP, Azure Power, Adani Green Energy, Meituan
In the US, treasuries climbed in a holiday-shortened session on Friday, with yields falling 8-10 bps across the curve. The yield on the 2Y UST dropped 8 bps to 4.15%, while that on the 10Y UST declined 10 bps to 4.17%.
Equities rallied, with the S&amp;P 500 rising 0.6% to a new record high of 6,032.


APAC IPOs & Placements, Aequitas Research

Rosita Fernandes

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Saatvik Energy Green Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/saatvik-energy-green-ltd" target="_blank" data-smartkarma-citation="entities:44123:1" rel="noopener">Saatvik Energy Green Ltd (1637892D IN)</a><a href="https://www.smartkarma.com/entities/saatvik-energy-green-ltd" target="_blank" data-smartkarma-citation="entities:44123:1" rel="noopener">  </a>is planning to raise about US$136m through its upcoming IPO in India. The lead bookrunners for the deal are Dam Capital, Ambit, Motilal Oswal.</li>
<li>Saatvik Green Energy Ltd (SEG) specializes in the manufacturing of solar photovoltaic (PV) modules and provides comprehensive engineering, procurement, and construction (EPC) services.</li>
<li>As per Crisil report, since its inception, the company has supplied over 1.5 GW of high-efficiency solar PV modules to both domestic and international markets.</li>
</ul>



Saatvik Energy Green Ltd (1637892D IN)  is planning to raise about US$136m through its upcoming IPO in India. The lead bookrunners for the deal are Dam Capital, Ambit, Motilal Oswal.
Saatvik Green Energy Ltd (SEG) specializes in the manufacturing of solar photovoltaic (PV) modules and provides comprehensive engineering, procurement, and construction (EPC) services.
As per Crisil report, since its inception, the company has supplied over 1.5 GW of high-efficiency solar PV modules to both domestic and international markets.


Satvik Green Energy Ltd Pre-IPO Tearsheet

Global Head of Research & Head of Europe, Lucror Analytics

Felix Fischer

Global Head of Research & Head of Europe

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
<ol>
<li><a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" rel="noopener">SK Hynix</a></li>
<li><a href="https://www.smartkarma.com/entities/adani-transmission-ltd" target="_blank" rel="noopener">Adani Transmission</a></li>
<li><a href="https://www.smartkarma.com/entities/adani-green-energy-ltd" target="_blank" rel="noopener">Adani Green Energy</a></li>
<li><a href="https://www.smartkarma.com/entities/cifi-holdings-group-co-ltd" target="_blank" rel="noopener">CIFI Holdings</a></li>
<li><a href="https://www.smartkarma.com/entities/rakuten-group-inc" target="_blank" rel="noopener">Rakuten</a></li>
</ol>
and more...

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:

SK Hynix
Adani Transmission
Adani Green Energy
CIFI Holdings
Rakuten

and more...

India

Azure Power Global Limited operates as an independent solar power producer. The Company designs, constructs, maintains, and operates solar energy projects. Azure Power Global serves customers worldwide.

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Azure Power Global Ltd (AZRE US)

Lucror Analytics - Morning Views Asia

In the US, existing home sales rose 3.4% m-o-m in October (2.9% e / -1.3% revised p) to an annualised 3.96 mn units. That said, existing home sales...

Lucror Analytics

Sustainable Investing Surveyor Focus on California Resources Corporation (CRC)

The WTR Sustainable Index was down 2.0% W/W versus the S&P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).

Water Tower Research

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: New World Development, Indofood CBP, Azure...

Lucror Analytics

Satvik Green Energy Ltd Pre-IPO Tearsheet

Saatvik Energy Green Ltd plans to raise $136m in IPO, specializing in solar PV modules and EPC services, with lead bookrunners Dam Capital, Ambit,...

Rosita Fernandes

Weekly Wrap - 25 Oct 2024

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Lucror Analytics - Morning Views Asia

In the US, existing home sales rose 3.4% m-o-m in October (2.9% e / -1.3% revised p) to an annualised 3.96 mn units. That said, existing home sales...

Lucror Analytics

Sustainable Investing Surveyor Focus on California Resources Corporation (CRC)

The WTR Sustainable Index was down 2.0% W/W versus the S&P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).

Water Tower Research

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: New World Development, Indofood CBP, Azure...

Lucror Analytics

Satvik Green Energy Ltd Pre-IPO Tearsheet

​Saatvik Energy Green Ltd plans to raise $136m in IPO, specializing in solar PV modules and EPC services, with lead bookrunners Dam Capital, Ambit,...

Rosita Fernandes

Weekly Wrap - 25 Oct 2024

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Saatvik Energy Green Ltd plans to raise $136m in IPO, specializing in solar PV modules and EPC services, with lead bookrunners Dam Capital, Ambit,...