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

Credit Analyst, Lucror Analytics

Chuanyi Zhou

Credit Analyst

Credit

COG’s H1/20 results were in line with our expectations, albeit revenue was weaker. The credit profile remains satisfactory, despite some deterioration from the reduced earnings and higher debt. In our view, the company’s explanation that it increased short-term borrowings to maintain banking relationships is acceptable at this point, with the amount being insignificant. Looking ahead, we agree with management that the operating environment could become more favourable in H2/20, which might support a recovery in revenue growth. That said, the upstream O&G business in Canada may remain under pressure, though it only contributed 3% of H1 revenue. Overall, we expect the company’s credit profile to weaken slightly, on account of soft earnings.

  COG’s H1/20 results were in line with our expectations, albeit revenue was weaker. The credit profile remains satisfactory, despite some deterioration from the reduced earnings and higher debt. In our view, the company’s explanation that it increased short-term borrowings to maintain banking relationships is acceptable at this point, with the amount being insignificant.   Looking ahead, we agree with management that the operating environment could become more favourable in H2/20, which might support a recovery in revenue growth. That said, the upstream O&G business in Canada may remain under pressure, though it only contributed 3% of H1 revenue. Overall, we expect the company’s credit profile to weaken slightly, on account of soft earnings. 

China Oil & Gas - Earnings Flash - H1 FY 2020 Results - Lucror Analytics

China Oil And Gas

China Oil & Gas - Earnings Flash - H1 FY 2020 Results - Lucror Analytics