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

Jababeka has delivered acceptable FY 2021 results, with slight revenue and earnings increases. The financial risk profile improved slightly, but remained weak with elevated leverage and thin coverage ratios. Liquidity is adequate for the next 12 months. The strong FY 2021 and Q1/22 marketing sales will likely support decent growth in revenue and earnings from the Real Estate pillar. However, the key concern remains refinancing risk for the USD 300 mn 6.5 2023 notes that will mature in October. The company announced in late July 2021 that it plans to buy back the 2023 notes, with the intention of issuing USD 350 mn in new notes to fund this transaction. No further details were provided, and Jababeka has not released an update in this regard.

  Jababeka has delivered acceptable FY 2021 results, with slight revenue and earnings increases. The financial risk profile improved slightly, but remained weak with elevated leverage and thin coverage ratios. Liquidity is adequate for the next 12 months. The strong FY 2021 and Q1/22 marketing sales will likely support decent growth in revenue and earnings from the Real Estate pillar.   However, the key concern remains refinancing risk for the USD 300 mn 6.5 2023 notes that will mature in October. The company announced in late July 2021 that it plans to buy back the 2023 notes, with the intention of issuing USD 350 mn in new notes to fund this transaction. No further details were provided, and Jababeka has not released an update in this regard. 

Jababeka - Earnings Flash - FY 2021 Results - Lucror Analytics

Kawasan Industri Jababeka

Jababeka - Earnings Flash - FY 2021 Results - Lucror Analytics