In today’s briefing:
- Lucror Analytics – Morning Views Asia
- Medco Energi – Earnings Flash – FY 2024 Results – Lucror Analytics
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Tata Motors
- In the US, the March nonfarm payrolls unexpectedly increased to 228 k (140 k e / 117 k revised p), albeit the February figure was revised downwards to 117 k (from 151 k). The unemployment rate edged up to 4.2% (4.1% e / 4.1% p).
- Average hourly earnings came in at 0.3% m-o-m (0.3% e / 0.2% revised p) and 3.8% y-o-y (4.0% e / 4.0% p).
Medco Energi – Earnings Flash – FY 2024 Results – Lucror Analytics
- Medco Energi’s performance remained robust in FY 2024, with the company reporting stable earnings but improved cash flows.
- FCF was positive and net debt declined, supported by the disposal of Medco’s Vietnamese assets.
- Consolidated Net Debt/EBITDA was healthy at 2.3x.
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