CreditDaily Briefs

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

In today’s briefing:

  • Lucror Analytics – Morning Views Asia
  • Delta Dunia Makmur – ESG Report – Lucror Analytics


Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: New World Development, Vedanta Resources, Softbank Group, AAC Technologies
  • In the US, the December (preliminary) S&P manufacturing PMI fell to 48.3 (49.5 e / 49.7 p), while the services PMI expanded to 58.5 (55.8 e / 56.1 p).
  • The composite PMI also rose to 56.6 (55.1 e / 54.9 p). Treasuries were little changed, ahead of the Fed’s rate decision tomorrow. The yield on the 2Y and 10Y UST were flat at 4.25% and 4.40%, respectively.

Delta Dunia Makmur – ESG Report – Lucror Analytics

By Trung Nguyen

  • PT Delta Dunia Makmur Tbk (BUMA) is a holding company with an operational entity, PT Bukit Makmur Mandiri Utama, which is one of the largest coal-mining contractors in Indonesia by production volume.
  • Its two other subsidiaries, PT Banyubiru Sakti and PT Pulau Mutiara Persada, are non-active entities which held coal exploration permits.
  • Formerly a textile business, BUMA was transformed into a real estate company in 2008 following the sale of the erstwhile business. 

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