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

<p><br/> KWG’s FY 2020 results were better than expected, thanks to its improved earnings and leverage. The gross margin was stable, even as most peers reported margin declines. We believe that the company's margins are sustainable, given its good-quality land bank and sizeable portfolio of urban renewal projects (which provided higher profitability). KWG has reduced the usage of JV structures for its newly acquired projects. As a result, the attributable ratio of the company's land bank has increased to a moderate level compared to peers (thus improving transparency). We do not foresee any meaningful debt reduction going forward, considering KWG's expansion appetite. Management has expressed its ambition of growing net profit by 20% p.a. over the next three years.<br/></p>

  KWG’s FY 2020 results were better than expected, thanks to its improved earnings and leverage. The gross margin was stable, even as most peers reported margin declines. We believe that the company's margins are sustainable, given its good-quality land bank and sizeable portfolio of urban renewal projects (which provided higher profitability). KWG has reduced the usage of JV structures for its newly acquired projects. As a result, the attributable ratio of the company's land bank has increased to a moderate level compared to peers (thus improving transparency). We do not foresee any meaningful debt reduction going forward, considering KWG's expansion appetite. Management has expressed its ambition of growing net profit by 20% p.a. over the next three years. 

KWG Group - Earnings Flash - FY 2020 Results - Lucror Analytics

Kwg Property Holding

KWG Group - Earnings Flash - FY 2020 Results - Lucror Analytics