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

Credit Analyst, Lucror Analytics

Chuanyi Zhou

Credit Analyst

Credit

Times China has a simple build-to-sell business model, with the company's expansion funded extensively by debt. Sales growth and liquidity have been sound. Land acquisition accelerated in H1/19, with a focus on the Greater Bay Area. At the same time, the company increased its JV investments as well. Contracted sales growth slowed during the period, but remained decent. We expect contracted sales to maintain healthy growth, given the company's favourable geographical exposure and sufficient saleable resources. Revenue recognition could further accelerate in the second half of the year, considering the strong contracted sales in the past two years. The margin will likely be stable.

   Times China has a simple build-to-sell business model, with the company's expansion funded extensively by debt. Sales growth and liquidity have been sound. Land acquisition accelerated in H1/19, with a focus on the Greater Bay Area. At the same time, the company increased its JV investments as well.    Contracted sales growth slowed during the period, but remained decent. We expect contracted sales to maintain healthy growth, given the company's favourable geographical exposure and sufficient saleable resources. Revenue recognition could further accelerate in the second half of the year, considering the strong contracted sales in the past two years. The margin will likely be stable. 

Times China - Earnings Flash - H1 FY 2019 Results - Lucror Analytics