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/> Tunas Baru’s Q2 and H1/20 results were acceptable, with robust revenue growth. The company benefited from a surge in demand for essential consumer products amid COVID-19. However, profitability weakened, as margins for refined palm oil products are lower than those for upstream CPO (albeit usually more stable). The company continued to generate negative FCF, as capex and working capital outflows were persistently higher than expected. Leverage remains moderately weak, with Net Debt/EBITDA at 3.8x (FYE 2019: 3.7x).  <br/></p>

  Tunas Baru’s Q2 and H1/20 results were acceptable, with robust revenue growth. The company benefited from a surge in demand for essential consumer products amid COVID-19. However, profitability weakened, as margins for refined palm oil products are lower than those for upstream CPO (albeit usually more stable). The company continued to generate negative FCF, as capex and working capital outflows were persistently higher than expected. Leverage remains moderately weak, with Net Debt/EBITDA at 3.8x (FYE 2019: 3.7x).   

Tunas Baru - Earnings Flash - H1 FY 2020 Results - Lucror Analytics

Tunas Baru Lampung

Tunas Baru - Earnings Flash - H1 FY 2020 Results - Lucror Analytics