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

<p><br/> Yanzhou Coal’s FY 2020 results were weak, with profitability suffering significantly amid low coal prices. Earnings and cash flows slumped, leading to weakening in the financial profile as seen in the deterioration in leverage and coverage ratios. Liquidity is also weak. However, we note that coal prices are recovering, which should support earnings going forward. In addition, we expect the company will maintain good access to financing in order to roll over its short-term debt, supported by its indirect SOE status. This status is further strengthening on the back of an ongoing merger between parent Yankuang Group and Shandong Energy.  <br/></p>

  Yanzhou Coal’s FY 2020 results were weak, with profitability suffering significantly amid low coal prices. Earnings and cash flows slumped, leading to weakening in the financial profile as seen in the deterioration in leverage and coverage ratios. Liquidity is also weak. However, we note that coal prices are recovering, which should support earnings going forward. In addition, we expect the company will maintain good access to financing in order to roll over its short-term debt, supported by its indirect SOE status. This status is further strengthening on the back of an ongoing merger between parent Yankuang Group and Shandong Energy.   

Yanzhou Coal - Earnings Flash - FY 2020 Results - Lucror Analytics

Yankuang Energy Group

Yanzhou Coal - Earnings Flash - FY 2020 Results - Lucror Analytics