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

Lifestyle International Holdings / Credit

Lifestyle International Holdings (1212 HK)

Lifestyle International's FY 2018 results featured no surprises, with sound results from continuing operations. That said, profits were down due to a disposal last year and unrealised losses from the investment portfolio. The top-line growth may be challenging to sustain this year, given US-China trade tensions and the weakening CNY, which may led to reduced consumption by visitors from mainland China. Borrowings remained stable, although interest expenses rose in line with the HIBOR. The company's leverage may increase as the Kai Tak project progresses. We view the company’s increasingly aggressive dividend payouts (amounting to 61.5% of profits) as credit negative.

   Lifestyle International's FY 2018 results featured no surprises, with sound results from continuing operations. That said, profits were down due to a disposal last year and unrealised losses from the investment portfolio. The top-line growth may be challenging to sustain this year, given US-China trade tensions and the weakening CNY, which may led to reduced consumption by visitors from mainland China.    Borrowings remained stable, although interest expenses rose in line with the HIBOR. The company's leverage may increase as the Kai Tak project progresses. We view the company’s increasingly aggressive dividend payouts (amounting to 61.5% of profits) as credit negative. 

Lifestyle International - Earnings Flash - FY 2018 Results - Lucror Analytics