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

CIFI Holdings' FY 2020 results were acceptable and in line with expectations, given the healthy contracted sales growth, improved revenue recognition and stable debt. The gross margin contraction appears to be manageable, and is consistent with industry trends. Negatively, we do not expect material leverage improvement going forward, given the company's growth ambitions and the need to replenish its limited land bank. CIFI's financial metrics are slightly weaker than BB-rated peers, but we believe that the risks are somewhat mitigated by its robust business profile and good operational track record. The company's financial metrics have been broadly stable for the past three years (albeit at a moderately weak level), which provides some comfort to investors.

  CIFI Holdings' FY 2020 results were acceptable and in line with expectations, given the healthy contracted sales growth, improved revenue recognition and stable debt. The gross margin contraction appears to be manageable, and is consistent with industry trends. Negatively, we do not expect material leverage improvement going forward, given the company's growth ambitions and the need to replenish its limited land bank.   CIFI's financial metrics are slightly weaker than BB-rated peers, but we believe that the risks are somewhat mitigated by its robust business profile and good operational track record. The company's financial metrics have been broadly stable for the past three years (albeit at a moderately weak level), which provides some comfort to investors. 

CIFI Holdings - Earnings Flash - FY 2020 Results - Lucror Analytics