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

Indika Energy's H1/21 results were strong as expected, given the solid recovery in coal prices from October 2020 onwards. The financial risk profile has improved significantly. Liquidity remains adequate and the debt maturity profile continues to be healthy. We expect even stronger performance in H2/21, and revise our forecast for the year due to the extent of the coal price recovery. The Newcastle benchmark is now at USD 152/ton, almost triple y-o-y. We expect FY 2021 revenue and EBITDA to grow by 25% and 70%, respectively. We also expect Debt/EBITDA and Net Debt/EBITDA to dip below 3x and 2x by FYE 2021. We foresee that Moody’s and Fitch may revise their outlooks on Indika to stable from negative soon.

  Indika Energy's H1/21 results were strong as expected, given the solid recovery in coal prices from October 2020 onwards. The financial risk profile has improved significantly. Liquidity remains adequate and the debt maturity profile continues to be healthy.   We expect even stronger performance in H2/21, and revise our forecast for the year due to the extent of the coal price recovery. The Newcastle benchmark is now at USD 152/ton, almost triple y-o-y. We expect FY 2021 revenue and EBITDA to grow by 25% and 70%, respectively. We also expect Debt/EBITDA and Net Debt/EBITDA to dip below 3x and 2x by FYE 2021.   We foresee that Moody’s and Fitch may revise their outlooks on Indika to stable from negative soon. 

Indika Energy - Earnings Flash - H1 FY 2021 Results - Lucror Analytics