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 and sizeable exposure to urban redevelopment projects. In H1/21, the company's revenue weakened on account of a decline in property delivered. That said, profitability improved on the back of higher revenue contributions from primary development works in urban redevelopment projects. Contracted sales growth has been promising. Times China's land banking pace has been reasonable since last year. The debt level has fallen, in line with the regulatory direction in the property sector. The company's significant exposure to urban redevelopment could become a strong base for Times China's saleable resources at a low cost, if it is added to the land bank following primary development works. However, it seems that no urban redevelopment project was added to the company's land bank in H1/21. Times China's debt profile has been extended, in order to better match the long development cycle of urban redevelopment projects.

  Times China has a simple build-to-sell business model and sizeable exposure to urban redevelopment projects. In H1/21, the company's revenue weakened on account of a decline in property delivered. That said, profitability improved on the back of higher revenue contributions from primary development works in urban redevelopment projects. Contracted sales growth has been promising. Times China's land banking pace has been reasonable since last year. The debt level has fallen, in line with the regulatory direction in the property sector.   The company's significant exposure to urban redevelopment could become a strong base for Times China's saleable resources at a low cost, if it is added to the land bank following primary development works. However, it seems that no urban redevelopment project was added to the company's land bank in H1/21. Times China's debt profile has been extended, in order to better match the long development cycle of urban redevelopment projects. 

Times China - Earnings Flash - H1 FY 2021 Results - Lucror Analytics