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/> Melco Resorts’ Q2/22 results were in line with our expectations. Positively, the company’s overseas assets (in the Philippines and Cyprus) reported strong revenue growth and positive EBITDA, which partly offset the very weak performance in Macau. In addition, the company’s liquidity is strongest among peers, with sufficient cash and availability under its credit facility to last 22 months in a zero-revenue scenario. We expect the company’s expansionary capex to be curtailed in 2023 (after the remaining USD 250 mn of capex for Studio City Phase 2). That said, we view negatively MLCO's small share repurchases.<br/></p>

  Melco Resorts’ Q2/22 results were in line with our expectations. Positively, the company’s overseas assets (in the Philippines and Cyprus) reported strong revenue growth and positive EBITDA, which partly offset the very weak performance in Macau. In addition, the company’s liquidity is strongest among peers, with sufficient cash and availability under its credit facility to last 22 months in a zero-revenue scenario. We expect the company’s expansionary capex to be curtailed in 2023 (after the remaining USD 250 mn of capex for Studio City Phase 2). That said, we view negatively MLCO's small share repurchases. 

Melco Resorts - Earnings Flash - Q2 FY 2022 Results - Lucror Analytics

Melco Resorts & Entertainment

Melco Resorts - Earnings Flash - Q2 FY 2022 Results - Lucror Analytics