Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

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.

Credit

Yanlord Land’s FY 2022 results were acceptable, given its robust contracted sales and cash collection despite the challenging industry environment. In addition, its net debt and leverage metrics were largely stable. We also view positively that the company has not declared any dividend, in order to conserve cash. Going forward, we expect Yanlord's liquidity risk profile to remain manageable, despite a reduction in the company’s proportion of freely available cash at FYE 2022. We also anticipate that the company will continue to limit new land acquisitions, in favour of an asset-light approach towards property development. For FY 2023, management has guided for a moderate y-o-y decline in contracted sales. This could reflect its expectation for the property sector to remain subdued.

  Yanlord Land’s FY 2022 results were acceptable, given its robust contracted sales and cash collection despite the challenging industry environment. In addition, its net debt and leverage metrics were largely stable. We also view positively that the company has not declared any dividend, in order to conserve cash.   Going forward, we expect Yanlord's liquidity risk profile to remain manageable, despite a reduction in the company’s proportion of freely available cash at FYE 2022. We also anticipate that the company will continue to limit new land acquisitions, in favour of an asset-light approach towards property development. For FY 2023, management has guided for a moderate y-o-y decline in contracted sales. This could reflect its expectation for the property sector to remain subdued.  

Yanlord Land - Earnings Flash - FY 2022 Results - Lucror Analytics

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Singapore

Yanlord Land Group Ltd is a real estate development company. The Company develops high-end residential property projects in the Peoples Republic of China.

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Yanlord Land (YLLG SP)

Yanlord Land - Earnings Flash - FY 2022 Results - Lucror Analytics

Yanlord Land’s FY 2022 results were acceptable, given its robust contracted sales and cash collection despite the challenging industry...

Lucror Analytics

Weekly Wrap - 24 Feb 2023

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Weekly Wrap - 17 Feb 2023

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Weekly Wrap - 10 Feb 2023

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Weekly Wrap - 03 Feb 2023

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

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