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

Trung Nguyen

Senior Credit Analyst

Credit

Agung Podomoro Land’s 9M/19 results remained weak, but positively, the liquidity crisis has been resolved. Marketing sales continued to be weak. Revenue and earnings plunged, and the financial risk profile continued to deteriorate rapidly. Liquidity, while improved, was still poor. Although the near-term liquidity crisis associated with the two loan facilities has been abated, operations remain a medium- to long-term issue. The business has burnt cash at a rapid pace, with the exceptional Q3/19 possibly not sustainable. The Central Park Mall sale will bring a much-welcome large amount of proceeds (IDR 6.3 tn), which can be used to execute its projects. We see fair ratings for APLN (currently rated B2/CCC+ by Moody's and Fitch) at around B3/B-.

  Agung Podomoro Land’s 9M/19 results remained weak, but positively, the liquidity crisis has been resolved. Marketing sales continued to be weak. Revenue and earnings plunged, and the financial risk profile continued to deteriorate rapidly. Liquidity, while improved, was still poor.   Although the near-term liquidity crisis associated with the two loan facilities has been abated, operations remain a medium- to long-term issue. The business has burnt cash at a rapid pace, with the exceptional Q3/19 possibly not sustainable. The Central Park Mall sale will bring a much-welcome large amount of proceeds (IDR 6.3 tn), which can be used to execute its projects.   We see fair ratings for APLN (currently rated B2/CCC+ by Moody's and Fitch) at around B3/B-. 

Agung Podomoro Land - Earnings Flash - 9M FY 2019 Results - Lucror Analytics