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

We view Fantasia as "High Risk" on the LARA scale, due to its elevated financial risk profile. The company is a small player in the Chinese property sector. Fantasia has high financial leverage for its size, and the company's weak Revenue/Debt would expose it to distress risk in the event of a downturn. Its key challenges are to achieve a turnaround in sales, replenish its land bank at a reasonable price, and refinance its large outstanding debt. The company has a track record of developing mass-market commercial and residential properties, with a solid base in the economically vibrant Pearl River Delta region and in Sichuan. We like the moderate pace of Fantasia’s expansion and its growing stream of recurring income. Growing value can be ascribed to the 50% holding in Colour Life, an asset-light property management company listed in 2014. Our fundamental Credit Bias on Fantasia is “Stable”, given the robust contracted sales, good pace of property delivery and strong margins. We view Fantasia as "Moderate" on the LAGA scale. The Board of Directors is sound, with three EDs and six INEDs. Neither the Chairman nor CEO has a controlling stake in the company.

  We view Fantasia as "High Risk" on the LARA scale, due to its elevated financial risk profile. The company is a small player in the Chinese property sector. Fantasia has high financial leverage for its size, and the company's weak Revenue/Debt would expose it to distress risk in the event of a downturn. Its key challenges are to achieve a turnaround in sales, replenish its land bank at a reasonable price, and refinance its large outstanding debt.   The company has a track record of developing mass-market commercial and residential properties, with a solid base in the economically vibrant Pearl River Delta region and in Sichuan. We like the moderate pace of Fantasia’s expansion and its growing stream of recurring income. Growing value can be ascribed to the 50% holding in Colour Life, an asset-light property management company listed in 2014.   Our fundamental Credit Bias on Fantasia is “Stable”, given the robust contracted sales, good pace of property delivery and strong margins.   We view Fantasia as "Moderate" on the LAGA scale. The Board of Directors is sound, with three EDs and six INEDs. Neither the Chairman nor CEO has a controlling stake in the company. 

Fantasia Holdings Group Co

Fantasia - Tear Sheet - Lucror Analytics