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

Road King’s FY 2018 results were robust, thanks to higher earnings and profitability, with stable debt levels. The pace of land acquisitions has slowed. The company's financial metrics improved, with Revenue/Debt of 88% (FY 2017: 59%), while Debt/Capitalisation strengthened to 51% (FY 2017: 54%). Liquidity remains adequate, with the solid cash balance being sufficient to cover short-term debt. We also like the steady cash dividends from the toll-road business, which are estimated to cover one-third of interest expenses. We move our recommendation to "Buy" the ROADKG '23s from "Hold".

   Road King’s FY 2018 results were robust, thanks to higher earnings and profitability, with stable debt levels. The pace of land acquisitions has slowed. The company's financial metrics improved, with Revenue/Debt of 88% (FY 2017: 59%), while Debt/Capitalisation strengthened to 51% (FY 2017: 54%).    Liquidity remains adequate, with the solid cash balance being sufficient to cover short-term debt. We also like the steady cash dividends from the toll-road business, which are estimated to cover one-third of interest expenses.    We move our recommendation to "Buy" the ROADKG '23s from "Hold". 

Road King - Earnings Flash - FY 2018 Results - Lucror Analytics

Road King Infrastructure

Road King - Earnings Flash - FY 2018 Results - Lucror Analytics