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/> Sritex’s Q2/20 results were weak but within expectations. Earnings declined due to lower exports, partially offset by higher domestic sales. The gross margin contracted to 18%, a level we believe is still manageable for the company. Net Debt/EBITDA weakened to 3.9x (FYE 2019: 3.2x). For FY 2020, we forecast EBITDA to decline 20-25% y-o-y. FCF generation is likely to remain poor, owing to high working capital outflows. Positively, we foresee a slight recovery in export sales, as the Indonesian government has lifted its prohibition on exports of personal protection equipment. <br/></p>

  Sritex’s Q2/20 results were weak but within expectations. Earnings declined due to lower exports, partially offset by higher domestic sales. The gross margin contracted to 18%, a level we believe is still manageable for the company. Net Debt/EBITDA weakened to 3.9x (FYE 2019: 3.2x). For FY 2020, we forecast EBITDA to decline 20-25% y-o-y. FCF generation is likely to remain poor, owing to high working capital outflows. Positively, we foresee a slight recovery in export sales, as the Indonesian government has lifted its prohibition on exports of personal protection equipment.  

Sritex - Earnings Flash - H1 FY 2020 Results - Lucror Analytics

Sri Rejeki Isman

Sritex - Earnings Flash - H1 FY 2020 Results - Lucror Analytics