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

The Week That Was in ASEAN@Smartkarma -Thai Strategy, DBS Fallout, and Indonesia Credit.

Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

Credit

<p><br/> Modernland Realty's 9M/19 results were mixed. While the stronger earnings from high-margin industrial land sales is encouraging, cash flows remain very weak, with inadequate liquidity as a result. The financial risk profile continues to be highly elevated, especially in terms of cash-flow-based metrics, despite improving from FYE 2018 due to higher earnings. The company’s outlook is dependent on continued capital-raising activities such as a further drawdown on bank loans to sustain its operations. Thus, Modernland is highly susceptible to the loss of access to capital. We continue to expect downward rating pressure, as the company has breached the agencies’ negative triggers.<br/></p>

  Modernland Realty's 9M/19 results were mixed. While the stronger earnings from high-margin industrial land sales is encouraging, cash flows remain very weak, with inadequate liquidity as a result. The financial risk profile continues to be highly elevated, especially in terms of cash-flow-based metrics, despite improving from FYE 2018 due to higher earnings. The company’s outlook is dependent on continued capital-raising activities such as a further drawdown on bank loans to sustain its operations. Thus, Modernland is highly susceptible to the loss of access to capital. We continue to expect downward rating pressure, as the company has breached the agencies’ negative triggers. 

Modernland Realty - Earnings Flash - 9M FY 2019 Results - Lucror Analytics