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

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-27942'>Agility</a></li><li><a href='#lucror-entity-9757'>Fantasia Holdings Group Co</a></li><li><a href='#lucror-entity-14882'>Future Land Development Holdings</a></li><li><a href='#lucror-entity-21047'>Ronshine China Holdings</a></li><li><a href='#lucror-entity-8375'>Shimao Property Holdings</a></li><li><a href='#lucror-entity-22202'>Vedanta Resources</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.AgilityFantasia Holdings Group CoFuture Land Development HoldingsRonshine China HoldingsShimao Property HoldingsVedanta Resources

Morning Views Asia: Agility, Fantasia Holdings Group Co, Future Land Development Holdings

In this month’s “In-Focus” section, we provide an update on recent events in Indonesia that we believe will have an impact on offshore investor confidence. Among these are negative developments at the governmental level regarding the policing of corruption. We also feature a case study on the recent bond default by Delta Merlin Dunia, which highlights the problems inherent in governance with Indonesian corporates, particularly private firms. We believe that at the regulatory and corporate level there is often a capricious approach to governance, which is encouraged by a benign judicial system. 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 provide an update on recent events in Indonesia that we believe will have an impact on offshore investor confidence. Among these are negative developments at the governmental level regarding the policing of corruption. We also feature a case study on the recent bond default by Delta Merlin Dunia, which highlights the problems inherent in governance with Indonesian corporates, particularly private firms. We believe that at the regulatory and corporate level there is often a capricious approach to governance, which is encouraged by a benign judicial system.   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 And Corruption In Indonesia - Lucror Analytics

The Asia HY Trade Recommendations report for October 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 October 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 - October 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.

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. 

Lucror Analytics - Morning Views Asia - 07 Oct 2019

China

Central China Real Estate Ltd. develops property in the Peoples Republic of China.

Sino Harbour Holdings Group Limited is a property development company focused on residential properties in Jiangxi Province, the PRC. The Company currently devotes themselves to developing residential projects coupled with retail shops and other commercial office premises and going forward will develop properties with a combination or residential and commercial properties.

Colour Life Services Group Co., Ltd. is a real estate management company in the People's Republic of China.

Shenzhen Capstone Industrial Co., Ltd. manufactures and markets computer hard drives and accessories, monitors, steel coils, and electrolytic capacitors.

Everbright Grand China Assets Limited offers leasing services. The Company provides office buildings and apartment leasing services. Everbright Grand China Assets also offers property management services. Everbright Grand China Assets serves customers in Hong Kong.

Winsan (Shanghai) Industrial Corporation Ltd. develops residential real estate in Shanghai, Suzhou, and Fuzhou.  The Company also operates in property management.

Winsan Shanghai Medical Scie&Tech (600767 CH)

Hopefluent Group Holdings Limited, through its subsidiaries, provides comprehensive real estate agency services mainly in Guangzhou as well as various area of Guangdong and other cities such as Tianjin in China.

Yihua Healthcare Co., Ltd. is a healthcare and medical technology company.

Skyfame Realty Holdings Ltd, through its subsidiaries, develops real estate properties in China.

Xiwang Property Holdings Company Limited operates as a property development company. The Company develops residential, commercial, agricultural and industrial properties in China.

Fullshare Holdings Limited operates as a real estate development company. The Company develops real estate projects in China.

Wang On Group Limited, through its subsidiaries, manages and sub-licenses Chinese wet markets, shopping centers, and car parks.  The Company also produces and sells cough syrup and health care products.  In addition,  Wang On Group invests in properties and retails pork.

Baan Rock Garden Pcl develops residential real estate in Thailand.  The Company develops townhouses, detached homes, and semi-detached homes.

Sunwood Corporation develops and sells multi-residential condominiums mainly in the heart of Tokyo.

ITC Properties Group Limited develops and invests in residential and commercial property.

Asian Pac Holdings Berhad is an investment holding company.  The Company, through its subsidiaries, provides property investment and development as well as rents out bungalow.

WILL, Co., Ltd. mainly provides real estate brokerage services in Kansai area. The Company also develops and sells condominium, offers housing renovation services, and acts as housing insurance and loan agent.

Ambition Corporation develops, sells and leases condominiums. The Company develops, renovates and sells used condominiums.

PT Modernland Realty Tbk develops and sells real estates as well as operates a golf course and a country club. The Company's real estate projects include Taman Modern, Kota Modern, Bukit Modern, and Padang Golf Modern.

Ying Li International Real Estate Ltd. develops, owns and manages shopping malls and offices in China. The Company also specializes in urban renewal projects.

Ying Li International Real Estate Ltd (YINGLI SP)

Fantasia Holdings Group Company Ltd. is a property developer and provider of real estate agency and property management services in the Peoples Republic of China. The Company develops urban commercial complexes and residential properties in Chengdu-Chongqing Economic Zone, the Pearl River Delta region, the Yangtze River Delta region and the Beijing-Tianjin metropolitan region.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Fantasia Holdings Group Co (1777 HK)

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: Agility, Fantasia Holdings Group Co, Future Land Development Holdings

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

Lucror Analytics

Asia HY Monthly - Corporate Governance And Corruption In Indonesia - Lucror Analytics

In this month’s “In-Focus” section, we provide an update on recent events in Indonesia that we believe will have an impact on offshore investor...

Lucror Analytics

Asia HY Trade Recommendations - October 2019 - Lucror Analytics

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

Lucror Analytics

Lucror Analytics - Morning Views Asia - 07 Oct 2019

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

Lucror Analytics

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)