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

Trung Nguyen

Senior Credit Analyst

Credit

Yanzhou Coal’s FY 2018 results were strong. The company achieved robust revenue and EBITDA growth (+28% and 40% y-o-y, respectively), on the back of increased sales volumes and selling prices. Net borrowings declined slightly, which helped to drive a continued improvement in the financial profile. The company’s results will continue to be closely linked to the development of coal prices, as this business accounts for the lion's share of its earnings. During the earnings call, management forecast that Chinese coal prices will remain largely stable, fluctuating between CNY 570-630 per tonne this year. For FY 2019, the company expects sales volumes of self-produced coal to increase 7% y-o-y, supported by the ramp-up of existing mines. Yanzhou has set an annual capex target of CNY 9 bn, which is largely unchanged from FY 2018.

   Yanzhou Coal’s FY 2018 results were strong. The company achieved robust revenue and EBITDA growth (+28% and 40% y-o-y, respectively), on the back of increased sales volumes and selling prices. Net borrowings declined slightly, which helped to drive a continued improvement in the financial profile.    The company’s results will continue to be closely linked to the development of coal prices, as this business accounts for the lion's share of its earnings. During the earnings call, management forecast that Chinese coal prices will remain largely stable, fluctuating between CNY 570-630 per tonne this year. For FY 2019, the company expects sales volumes of self-produced coal to increase 7% y-o-y, supported by the ramp-up of existing mines. Yanzhou has set an annual capex target of CNY 9 bn, which is largely unchanged from FY 2018. 

Yanzhou Coal - Earnings Flash - FY 2018 Results - Lucror Analytics

Yankuang Energy Group

Yanzhou Coal - Earnings Flash - FY 2018 Results - Lucror Analytics