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/> Wynn Macau’s poor H1/20 results were unsurprising and in line with industry trends as well as peers. Positively, tourism between China and Macau is set to fully normalise before end-September, before the Mainland’s golden week holidays in early October. We now expect EBITDA to recover to c. 60% of pre-pandemic levels in Q4/20, resulting in a small amount of positive FCF. That said, it is unclear if Macau’s tourist numbers will recover to pre-pandemic levels over the medium term, if COVID-19 persists. Meanwhile, the company has ample liquidity following its Notes issuance in June.<br/></p>

  Wynn Macau’s poor H1/20 results were unsurprising and in line with industry trends as well as peers. Positively, tourism between China and Macau is set to fully normalise before end-September, before the Mainland’s golden week holidays in early October. We now expect EBITDA to recover to c. 60% of pre-pandemic levels in Q4/20, resulting in a small amount of positive FCF. That said, it is unclear if Macau’s tourist numbers will recover to pre-pandemic levels over the medium term, if COVID-19 persists. Meanwhile, the company has ample liquidity following its Notes issuance in June. 

Wynn Macau - Earnings Flash - H1 FY 2020 Results - Lucror Analytics

Wynn Macau Ltd

Wynn Macau - Earnings Flash - H1 FY 2020 Results - Lucror Analytics