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

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Seazen Group</li>
<li>The US market was closed for Labour Day yesterday.</li>
<li>Contracted sales for China's Top 100 developers in August declined 18% y-o-y and 2% m-o-m to CNY 207 bn (albeit narrowing from -24% y-o-y in July), according to CRIC.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Seazen Group
The US market was closed for Labour Day yesterday.
Contracted sales for China's Top 100 developers in August declined 18% y-o-y and 2% m-o-m to CNY 207 bn (albeit narrowing from -24% y-o-y in July), according to CRIC.


<ul>
<li>UST yield movements were muted yesterday, amid an absence of macro news and ahead of the CPI data release today.</li>
<li>The yields on the 2Y and 10Y UST were unchanged at 3.77% and 4.29%, respectively.</li>
<li>Equities retreated, with the S&amp;P 500 and Nasdaq both declining 0.3% to 6,373 and 21,385, respectively. </li>
</ul>


UST yield movements were muted yesterday, amid an absence of macro news and ahead of the CPI data release today.
The yields on the 2Y and 10Y UST were unchanged at 3.77% and 4.29%, respectively.
Equities retreated, with the S&amp;P 500 and Nasdaq both declining 0.3% to 6,373 and 21,385, respectively. 


<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Seazen Group</li>
<li>Long-end treasury yields rose on Friday, amid US President Donald Trump’s threats of a 35% tariff on Canadian goods and a 15-20% baseline tariff on other countries without deals. The UST curve bear steepened, with the yield on the 2Y UST rising 1 bp to 3.88%, while that on the 10Y UST was up 6 bps at 4.41%. Equities retreated from all-time highs, with the S&amp;P 500 and Nasdaq down 0.3% and 0.2%, at 6,260 and 20,586, respectively.</li>
<li>Mr Trump has shared tariff-letter screenshots on Truth Social to announce a 30% tariff on goods from the EU and Mexico, which are separate from all sectoral tariffs. The letters warn that “goods transhipped to evade a higher tariff will be subject to that higher tariff”, and “if for any reason you decide to raise your tariffs and retaliate, then, whatever the number you choose to raise them by, will be added onto the 30% that we charge”.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Seazen Group
Long-end treasury yields rose on Friday, amid US President Donald Trump’s threats of a 35% tariff on Canadian goods and a 15-20% baseline tariff on other countries without deals. The UST curve bear steepened, with the yield on the 2Y UST rising 1 bp to 3.88%, while that on the 10Y UST was up 6 bps at 4.41%. Equities retreated from all-time highs, with the S&amp;P 500 and Nasdaq down 0.3% and 0.2%, at 6,260 and 20,586, respectively.
Mr Trump has shared tariff-letter screenshots on Truth Social to announce a 30% tariff on goods from the EU and Mexico, which are separate from all sectoral tariffs. The letters warn that “goods transhipped to evade a higher tariff will be subject to that higher tariff”, and “if for any reason you decide to raise your tariffs and retaliate, then, whatever the number you choose to raise them by, will be added onto the 30% that we charge”.


<ul>
<li>US treasuries climbed yesterday, on the back of soft PPI data as well as a solid auction of 30Y notes.</li>
<li>The UST curve bull flattened, with the yield on the 2Y UST declining 4 bps to 3.91%, while that on the 10Y UST was down 6 bps at 4.36%.</li>
<li>Equities rose, with the S&amp;P 500 and Nasdaq up 0.4% and 0.2%, respectively. </li>
</ul>


US treasuries climbed yesterday, on the back of soft PPI data as well as a solid auction of 30Y notes.
The UST curve bull flattened, with the yield on the 2Y UST declining 4 bps to 3.91%, while that on the 10Y UST was down 6 bps at 4.36%.
Equities rose, with the S&amp;P 500 and Nasdaq up 0.4% and 0.2%, respectively. 


<ul>
<li>Seazen Group (formerly known as Future Land) is among the most established property developers in China's Yangtze River Delta region, targeting first-time home buyers and upgraders.</li>
<li>The company has broad exposure in many Chinese cities, particularly lower-tier ones.</li>
<li>In addition, it has a portfolio of more than 150 investment properties, including the Wuyue-branded shopping malls.</li>
</ul>


Seazen Group (formerly known as Future Land) is among the most established property developers in China's Yangtze River Delta region, targeting first-time home buyers and upgraders.
The company has broad exposure in many Chinese cities, particularly lower-tier ones.
In addition, it has a portfolio of more than 150 investment properties, including the Wuyue-branded shopping malls.


Seazen Group - ESG Report - Lucror Analytics

China

Seazen Group Limited is a comprehensive real estate enterprise primarily engaged in the investment, development, management, and sale of properties across China. The company develops residential properties and mixed-use complexes, including its 'Wuyue Plaza' brand, and provides commercial property management and other related services. It was founded in 1993 and is headquartered in Shanghai, China.

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Seazen (1030 HK)

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Seazen Group The US market was closed for...

Lucror Analytics

Lucror Analytics - Morning Views Asia

UST yield movements were muted yesterday, amid an absence of macro news and ahead of the CPI data release today. The yields on the 2Y and 10Y UST...

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Seazen Group Long-end treasury yields rose on...

Lucror Analytics

Lucror Analytics - Morning Views Asia

The UST curve bull flattened, with the yield on the 2Y UST declining 4 bps to 3.91%, while that on the 10Y UST was down 6 bps at 4.36%.

Lucror Analytics

Seazen Group - ESG Report - Lucror Analytics

Seazen Group (formerly known as Future Land) is among the most established property developers in China's Yangtze River Delta region, targeting...

Lucror Analytics

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)