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 March 2020 includes a summary of our recommendations and 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 March 2020 includes a summary of our recommendations and high-conviction ideas. We also provide relative-value charts and lists of the bonds in the Lucror Asia HY index. 

Asia HY Trade Recommendations - March 2020 - 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-28320'>Azure Power Global Ltd</a></li><li><a href='#lucror-entity-24126'>Bright Scholar Education</a></li><li><a href='#lucror-entity-8717'>Geo Energy Resources</a></li><li><a href='#lucror-entity-7540'>Panda Green</a></li><li><a href='#lucror-entity-240'>Sunac China Holdings</a></li><li><a href='#lucror-entity-216'>Tata Motors Ltd</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.Azure Power Global LtdBright Scholar EducationGeo Energy ResourcesPanda GreenSunac China HoldingsTata Motors Ltd

Morning Views Asia: Azure Power Global Ltd, Bright Scholar Education, Geo Energy Resources

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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 Bottom-Up

Haidilao International Holding / Equity Bottom-Up

There are now various media reports and company filings indicating that the on-the-ground situation in China is starting to improve. To add to that <a href="https://www.smartkarma.com/profiles/william-keating" target="_blank" data-smartkarma-citation="accounts:1806" rel="noopener">William Keating</a>'s alternative data insights as well suggest the same, <a href="https://www.smartkarma.com/insights/covid-19-alternative-data-update-china-close-to-normal-while-other-global-cities-grind-to-a-halt" target="_blank" rel="noopener">COVID-19: Alternative Data Update, China Close To Normal While Other Global Cities Grind To A Halt</a>. At the same time, the rest of the world is staring at a long fight with COVID-19. Whether they can be as effective as China in implementing a shut down remains to be seen. In this insight, I'll talk about some of the sector neutral pair trades that one can put on around the theme.

There are now various media reports and company filings indicating that the on-the-ground situation in China is starting to improve. To add to that William Keating's alternative data insights as well suggest the same, COVID-19: Alternative Data Update, China Close To Normal While Other Global Cities Grind To A Halt. At the same time, the rest of the world is staring at a long fight with COVID-19. Whether they can be as effective as China in implementing a shut down remains to be seen. In this insight, I'll talk about some of the sector neutral pair trades that one can put on around the theme.

Trade Ideas: China Showing Signs of Recovering While the Rest of the World Slows Down

Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research Analyst

Thematic (Sector/Industry)

The global market sentiments are in agony lately due to the vicious Covid-19 which is yet to loom in many geographies. Moreover, the fact that the Indian indices are burning coupled with lack of a stern banking system simply aids in the macroeconomic woes of the country. Through this insight, we try to figure out reasons some of the Indian heavyweight entities that could be exposed naked to the risk of bankruptcy in the wake of upcoming recession which has more chances of 'mights' than 'might nots'.

The global market sentiments are in agony lately due to the vicious Covid-19 which is yet to loom in many geographies. Moreover, the fact that the Indian indices are burning coupled with lack of a stern banking system simply aids in the macroeconomic woes of the country. Through this insight, we try to figure out reasons some of the Indian heavyweight entities that could be exposed naked to the risk of bankruptcy in the wake of upcoming recession which has more chances of 'mights' than 'might nots'.

High Distress Levels: Indian Companies Caught Off-Guard

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-7613'>China Aoyuan Property</a></li><li><a href='#lucror-entity-5225'>Country Garden Holdings Co</a></li><li><a href='#lucror-entity-26799'>Future Retail</a></li><li><a href='#lucror-entity-12601'>Kwg Property Holding</a></li><li><a href='#lucror-entity-240'>Sunac China Holdings</a></li><li><a href='#lucror-entity-216'>Tata Motors Ltd</a></li><li><a href='#lucror-entity-3474'>Yuzhou Properties Co</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.China Aoyuan PropertyCountry Garden Holdings CoFuture RetailKwg Property HoldingSunac China HoldingsTata Motors LtdYuzhou Properties Co

Morning Views Asia: China Aoyuan Property, Country Garden Holdings Co, Future Retail

India

Tata Motors Limited manufactures cars and commercial automotive vehicles. The Company designs, manufactures, and sells heavy, medium, and small commercial vehicles including trucks, tankers, vans, buses, ambulances and minibuses. Tata also manufactures small cars and sports utility vehicles.

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Tata Motors Ltd (TTMT IN)

Asia HY Trade Recommendations - March 2020 - Lucror Analytics

The Asia HY Trade Recommendations report for March 2020 includes a summary of our recommendations and high-conviction ideas. We also provide...

Lucror Analytics

Morning Views Asia: Azure Power Global Ltd, Bright Scholar Education, Geo Energy Resources

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

Lucror Analytics

Trade Ideas: China Showing Signs of Recovering While the Rest of the World Slows Down

There are now various media reports and company filings indicating that the on-the-ground situation in China is starting to improve. To add to that...

Sumeet Singh

High Distress Levels: Indian Companies Caught Off-Guard

The global market sentiments are in agony lately due to the vicious Covid-19 which is yet to loom in many geographies. Moreover, the fact that the...

Nitin Mangal

Morning Views Asia: China Aoyuan Property, Country Garden Holdings Co, Future Retail

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

Lucror Analytics

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