Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Thematic (Sector/Industry)

Evidence of an impending global slowdown continues to accumulate as stores remain closed across China, factories reduce capacity, and workers are put on unpaid leave. Moreover, should the virus truly spread to other countries in the west like the USA or in Europe, we see heightened risks of similar measures being implemented there - putting further strain on global growth.We believe investors should use the current market recovery to reduce equity exposure and shift into defensive or digital economy <a href="https://www.smartkarma.com/insights/surging-chinese-demand-for-contactless-delivery-will-accelerate-drone-adoption-in-e-commerce" target="_blank" rel="noopener">"contactless" businesses</a>in order to position prudently for a potential worsening of the epidemic.We cover this in more detail in our note <a href="https://www.smartkarma.com/insights/tencent-the-best-anchor-for-your-portfolio-in-the-coming-coronavirus-storm" target="_blank" data-smartkarma-citation="insights:36346" rel="noopener">Tencent: The Best Anchor for Your Portfolio In the Coming Coronavirus Storm</a>.

Evidence of an impending global slowdown continues to accumulate as stores remain closed across China, factories reduce capacity, and workers are put on unpaid leave. Moreover, should the virus truly spread to other countries in the west like the USA or in Europe, we see heightened risks of similar measures being implemented there - putting further strain on global growth.We believe investors should use the current market recovery to reduce equity exposure and shift into defensive or digital economy "contactless" businessesin order to position prudently for a potential worsening of the epidemic.We cover this in more detail in our note Tencent: The Best Anchor for Your Portfolio In the Coming Coronavirus Storm.

Evidence of Global Slowdown Accumulates as Stores Remain Closed and Supply Chains Are Crippled

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”, we discuss Chinese offshore bond defaults in 2019. We look at the broader trends as well as select cases, and give our key takeaways on how best to assess the credit profiles of Chinese companies. 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”, we discuss Chinese offshore bond defaults in 2019. We look at the broader trends as well as select cases, and give our key takeaways on how best to assess the credit profiles of Chinese companies.   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 - Chinese Offshore Bond Defaults - Lucror Analytics

What You Need to Know Today:<ul>
<li>China smartphone shipments could plummet in 1Q20 from supply chain disruptions</li>
<li>Trip.com ("TCOM") is rapidly building brand loyalty from its generous fee waiver program</li>
<li>Tencent doubles down to acquire Norwegian game developer, Funcom</li>
<li>Online delivery services skyrocket during the virus outbreak</li>
</ul>

What You Need to Know Today:
China smartphone shipments could plummet in 1Q20 from supply chain disruptions
Trip.com ("TCOM") is rapidly building brand loyalty from its generous fee waiver program
Tencent doubles down to acquire Norwegian game developer, Funcom
Online delivery services skyrocket during the virus outbreak


Daily Tech Pulse: Smartphone Supply Chain Disruptions and Building Brand Loyalty in Crisis

The Asia HY Trade Recommendations report for January 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 January 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 - January 2020 - Lucror Analytics

This month, we look at the developments of 2019, and in the “In-Focus” section, we discuss the outlook for Asian HY in 2020. 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.

  This month, we look at the developments of 2019, and in the “In-Focus” section, we discuss the outlook for Asian HY in 2020.   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 - 2019 In Review And 2020 Outlook - Lucror Analytics

China

Lenovo Group Limited, through its subsidiaries, sells, and manufactures personal computers and handheld devices. The Company also provides Internet services and IT services, and contracting manufacturing business.

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Lenovo (992 HK)

Evidence of Global Slowdown Accumulates as Stores Remain Closed and Supply Chains Are Crippled

Evidence of an impending global slowdown continues to accumulate as stores remain closed across China, factories reduce capacity, and workers are...

Vincent Fernando, CFA

Asia HY Monthly - Chinese Offshore Bond Defaults - Lucror Analytics

In this month's “In-Focus”, we discuss Chinese offshore bond defaults in 2019. We look at the broader trends as well as select cases, and give our...

Lucror Analytics

Daily Tech Pulse: Smartphone Supply Chain Disruptions and Building Brand Loyalty in Crisis

What You Need to Know Today: China smartphone shipments could plummet in 1Q20 from supply chain disruptions Trip.com ("TCOM") is rapidly building...

Vincent Fernando, CFA

Asia HY Trade Recommendations - January 2020 - Lucror Analytics

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

Lucror Analytics

Asia HY Monthly - 2019 In Review And 2020 Outlook - Lucror Analytics

This month, we look at the developments of 2019, and in the “In-Focus” section, we discuss the outlook for Asian HY in 2020. The Asia Monthly...

Lucror Analytics

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