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

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

CIFI Holdings has some compelling chart points that call for major new chart highs. Bull wedge patterns after congestion tends to be reliable (70% of the time). The most recent break higher out of a bull wedge was registered in Q4 2017 resulting in a rally from 4.0 to 7.0. RSI and MACD bull wedge formations stand out as primary chart points that would provide bull energy and price has formed a micro bull flag after breaking higher out of the intermediate wedge formation. The stage is set.<figure class="editor-figure mceNonEditable"><img class="editor-image img-responsive" src="https://static-prod.smartkarma.com/images/media/000/052/874/original/CIFI%20HLDG%20FOR%20SK.png?1526876000" data-smartkarma-image-id="52874"></figure>Let's…

CIFI Holdings has some compelling chart points that call for major new chart highs. Bull wedge patterns after congestion tends to be reliable (70% of the time). The most recent break higher out of a bull wedge was registered in Q4 2017 resulting in a rally from 4.0 to 7.0. RSI and MACD bull wedge formations stand out as primary chart points that would provide bull energy and price has formed a micro bull flag after breaking higher out of the intermediate wedge formation. The stage is set.Let's…

CIFI Holdings Breakout Pattern for New Highs

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Once upon a time there was a real estate developer which IPOed in Hong Kong (IPOed in late 2012) which had a habit of releasing a short statement every month in the first 6-12 days, reporting "Unaudited Operating Statistics for Month Year".In that statement it reported on the contracted sales results of the previous month in currency terms and in Gross Floor Area, and the results of the year-to-date in the same way. In the January release, full-year results were generally presented. An example…

Once upon a time there was a real estate developer which IPOed in Hong Kong (IPOed in late 2012) which had a habit of releasing a short statement every month in the first 6-12 days, reporting "Unaudited Operating Statistics for Month Year".In that statement it reported on the contracted sales results of the previous month in currency terms and in Gross Floor Area, and the results of the year-to-date in the same way. In the January release, full-year results were generally presented. An example…

Ci Fi Ho Hum : CIFI (884 HK) Goes to Market... Surprise!

Founder-CEO & Chief Analyst, Real Estate Foresight

Robert Ciemniak

Founder-CEO & Chief Analyst

Real Estate Foresight

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development. This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities. The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

Predictive Analytics for China Property

Thematic (Sector/Industry)

New data from China's National Bureau of Statistics (NBS) for February for 70 major cities and calculations of the aggregate show a further gradual deceleration in price growth overall on a year-on-year basis from +12.2% in January to +11.8% in February, though the month-on-month growth actually picked up from +0.2% to +0.3%.Top risers on a 12-month basis now show some of the more significant declines on the month-on-month basis, while there are more cities with house prices rising.The biggest…

New data from China's National Bureau of Statistics (NBS) for February for 70 major cities and calculations of the aggregate show a further gradual deceleration in price growth overall on a year-on-year basis from +12.2% in January to +11.8% in February, though the month-on-month growth actually picked up from +0.2% to +0.3%.Top risers on a 12-month basis now show some of the more significant declines on the month-on-month basis, while there are more cities with house prices rising.The biggest…

China Property: What's Going On With House Prices... Based On The Latest NBS Data

The charts below illustrate what has happened in China in terms of primary land sales for residential or mixed-use development in 40 major cities.In 2016, the land sales declined slightly in Gross Floor Area (GFA) terms (despite <a href="https://www.smartkarma.com/insights/china-property-2017-forecast-summary" target="_blank">strong property sales volumes</a>) but increased significantly in terms of RMB Value, i.e. the average price of land on that basis went up.Such average calculations don't take into account the change in the type of locations where land is being sold - recent sales are more…

The charts below illustrate what has happened in China in terms of primary land sales for residential or mixed-use development in 40 major cities.In 2016, the land sales declined slightly in Gross Floor Area (GFA) terms (despite strong property sales volumes) but increased significantly in terms of RMB Value, i.e. the average price of land on that basis went up.Such average calculations don't take into account the change in the type of locations where land is being sold - recent sales are more…

China Property: Land Sales In 2016 - Less Supply, Higher Prices

China

CIFI Holdings Group Co Ltd. is a real estate development company. The Company develops hotels and residential properties in China.

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CIFI Holdings (884 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

CIFI Holdings Breakout Pattern for New Highs

CIFI Holdings has some compelling chart points that call for major new chart highs. Bull wedge patterns after congestion tends to be reliable (70%...

Thomas Schroeder

Ci Fi Ho Hum : CIFI (884 HK) Goes to Market... Surprise!

Once upon a time there was a real estate developer which IPOed in Hong Kong (IPOed in late 2012) which had a habit of releasing a short statement...

Travis Lundy

China Property: What's Going On With House Prices... Based On The Latest NBS Data

New data from China's National Bureau of Statistics (NBS) for February for 70 major cities and calculations of the aggregate show a further gradual...

Robert Ciemniak

China Property: Land Sales In 2016 - Less Supply, Higher Prices

The charts below illustrate what has happened in China in terms of primary land sales for residential or mixed-use development in 40...

Robert Ciemniak

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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