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

Lenovo’s Q4 and FY 2018-19 results were strong, with solid performance across segments. Encouraging signs included: [1] PCSD's industry-beating growth rate, with Lenovo reclaiming its top spot in the market; [2] the Mobile segment turning profitable in H2; [3] the data centre segment's sustained strong momentum and shrinking net loss. We think it is likely that both Mobile and Data Centre Group will be profitable in FY 2019-20. These results seem to reinforce Lenovo's prior track record of turning around unprofitable businesses, and its history of superb working capital management. The financial risk profile improved significantly to a level in line with an investment-grade rating. Liquidity is sound. In 2019, we expect Lenovo's growth momentum to be sustained. We expect Mobile revenue to return to growth, with profits remaining positive. Hence, on a consolidated basis, we anticipate increases in revenue and especially earnings, as both Mobile and DCG should be profitable. With Huawei and ZTE successively the targets of US tariffs and restrictions, Lenovo may be a beneficiary of the trade war, as it could step in to fill the gap left by both tech giants in both mobile and 5G.

   Lenovo’s Q4 and FY 2018-19 results were strong, with solid performance across segments. Encouraging signs included: [1] PCSD's industry-beating growth rate, with Lenovo reclaiming its top spot in the market; [2] the Mobile segment turning profitable in H2; [3] the data centre segment's sustained strong momentum and shrinking net loss. We think it is likely that both Mobile and Data Centre Group will be profitable in FY 2019-20. These results seem to reinforce Lenovo's prior track record of turning around unprofitable businesses, and its history of superb working capital management. The financial risk profile improved significantly to a level in line with an investment-grade rating. Liquidity is sound.    In 2019, we expect Lenovo's growth momentum to be sustained. We expect Mobile revenue to return to growth, with profits remaining positive. Hence, on a consolidated basis, we anticipate increases in revenue and especially earnings, as both Mobile and DCG should be profitable.    With Huawei and ZTE successively the targets of US tariffs and restrictions, Lenovo may be a beneficiary of the trade war, as it could step in to fill the gap left by both tech giants in both mobile and 5G. 

Lenovo - Earnings Flash - FY 2018-19 Results - Lucror Analytics