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

Lippo Karawaci's FY 2021 results were strong and exceeded expectations, with robust revenue and soaring EBITDA. Moreover, operating cash flows turned positive ahead of management's guidance (FY 2022 onwards). The financial risk profile has improved significantly, and liquidity is sound. We expect upward rating pressure to start building in FY 2022, as the company's business and financial risk profile has improved significantly. Meanwhile, the agencies' forecasts appear too conservative. We revise our recommendation to "Buy" from "Hold" on the LPKRIJ 6.75 26. The notes dropped following Russia's invasion of Ukraine, and are now trading at 96 and yielding 7.9%. The yields are attractive, given the fast-improving fundamentals and our expectation of robust FY 2022 results.

  Lippo Karawaci's FY 2021 results were strong and exceeded expectations, with robust revenue and soaring EBITDA. Moreover, operating cash flows turned positive ahead of management's guidance (FY 2022 onwards). The financial risk profile has improved significantly, and liquidity is sound.   We expect upward rating pressure to start building in FY 2022, as the company's business and financial risk profile has improved significantly. Meanwhile, the agencies' forecasts appear too conservative.   We revise our recommendation to "Buy" from "Hold" on the LPKRIJ 6.75 26. The notes dropped following Russia's invasion of Ukraine, and are now trading at 96 and yielding 7.9%. The yields are attractive, given the fast-improving fundamentals and our expectation of robust FY 2022 results. 

Lippo Karawaci - Earnings Flash - FY 2021 Results - Lucror Analytics