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.

High Yield Experts

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

Credit

Adani Ports & Special Economic Zone / Credit

Adani Ports & Special Economic Zone (ADSEZ IN)

<p><br />  Adani Ports reported FY 2018-19 results that were in line with expectations and the 9M figures. Positively, the core ports segment continued to report robust earnings growth, driven by higher cargo volumes. This helped to offset a sharp revenue decline from the SEZ segment. That said, we note the SEZ revenue came in just marginally below guidance. The overall financial profile remains healthy, albeit slightly weaker y-o-y. Going forward, we expect FCF generation to be slightly negative, on account of the recently announced acquisitions and higher capex needs. </p>

   Adani Ports reported FY 2018-19 results that were in line with expectations and the 9M figures. Positively, the core ports segment continued to report robust earnings growth, driven by higher cargo volumes. This helped to offset a sharp revenue decline from the SEZ segment. That said, we note the SEZ revenue came in just marginally below guidance. The overall financial profile remains healthy, albeit slightly weaker y-o-y. Going forward, we expect FCF generation to be slightly negative, on account of the recently announced acquisitions and higher capex needs. 

Adani Ports - Earnings Flash - FY 2018-19 Results - Lucror Analytics