External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points (machine generated)<ul><li>Borr Drilling's Secured Bonds, maturing on November 15, 2030, are trading at around 89%, up from the high 70s since late May.</li><li>These bonds offer a coupon rate of 10.375% and an attractive internal rate of return (IRR), appealing to investors seeking equity-like returns.</li><li>Classified as senior secured, the bonds provide solid downside protection, making them a lower-risk investment alternative in the current stock market.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)Borr Drilling's Secured Bonds, maturing on November 15, 2030, are trading at around 89%, up from the high 70s since late May.These bonds offer a coupon rate of 10.375% and an attractive internal rate of return (IRR), appealing to investors seeking equity-like returns.Classified as senior secured, the bonds provide solid downside protection, making them a lower-risk investment alternative in the current stock market.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Borr Ihc 10,375% 2030 Bond (BORRNO) - Monday, Jun 23, 2025

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).</li>
<li>SPX is pulling back after hitting all-time highs; the gap at 6750-6772 is short-term support, and it is a clear sign bulls remain in control if this gap remains unfilled.</li>
<li>We will stay near-term bullish as long as the 3+ month uptrend continues (currently at ~6675). Additional supports include 6550-6569, 6480-6520, 6450, 6400-6410, 6340-6360, 6290, 6200, and 6100-6150</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
SPX is pulling back after hitting all-time highs; the gap at 6750-6772 is short-term support, and it is a clear sign bulls remain in control if this gap remains unfilled.
We will stay near-term bullish as long as the 3+ month uptrend continues (currently at ~6675). Additional supports include 6550-6569, 6480-6520, 6450, 6400-6410, 6340-6360, 6290, 6200, and 6100-6150


Magnificent Seven's Turn to Shine; Buy Pullbacks to 3+ Month SPX Uptrend and 50-Day MA

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>DBS recommends Sea due to Shopee's promising growth from live commerce and AI investments</li><li>Digital Core REIT may benefit from new opportunities post departure of tenant as a blank canvas, says DBS</li><li>UOB Kay Hian maintains 'buy' ratings on Seatrium and FLCT, while reducing Mapletree Logistics Trust's target price due to high vacancy rates in China</li></ul>

DBS recommends Sea due to Shopee's promising growth from live commerce and AI investmentsDigital Core REIT may benefit from new opportunities post departure of tenant as a blank canvas, says DBSUOB Kay Hian maintains 'buy' ratings on Seatrium and FLCT, while reducing Mapletree Logistics Trust's target price due to high vacancy rates in China

Singapore Market Roundup (03-Jan-2025): DBS top pick: Sea for growth in live commerce and AI.

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

China Oilfield Services H / Equity Bottom-Up

<ul>
<li>Business continues to grow as sales, profits and margins rise</li>
<li>The overall industry supply demand dynamics continue to be supportive</li>
<li>Key business drivers such as capacity utilisation and rates moving in the right direction</li>
</ul>


Business continues to grow as sales, profits and margins rise
The overall industry supply demand dynamics continue to be supportive
Key business drivers such as capacity utilisation and rates moving in the right direction


China Oilfield Services (2883.HK) – Interim Results Show Continued Strong Growth

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.

<ul>
<li>Lucror Analytics' ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).</li>
<li>We assess Borr Drilling's ESG as "Adequate", in line with its Environmental, Social and Governance scores. Controversies are "Immaterial", but Disclosure is "Weak".</li>
<li>Borr Drilling is one of the largest pure-play jack-up rig operators, with among the youngest and largest fleets in the jack-up drilling market segment.</li>
</ul>


Lucror Analytics' ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Borr Drilling's ESG as "Adequate", in line with its Environmental, Social and Governance scores. Controversies are "Immaterial", but Disclosure is "Weak".
Borr Drilling is one of the largest pure-play jack-up rig operators, with among the youngest and largest fleets in the jack-up drilling market segment.


Borr Drilling - ESG Report - Lucror Analytics

Mexico

Borr Drilling Limited provides commercial services. The Company offers drilling activities for oil and gas exploration and production industry. Borr Drilling serves customers worldwide.

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Borr Drilling (BORR US)

Borr Ihc 10,375% 2030 Bond (BORRNO) - Monday, Jun 23, 2025

Borr Drilling's secured bonds, maturing in 2030, are trading at 89% with a 10.375% coupon, offering attractive IRR and lower-risk investment...

Value Investors Club (VIC)

Magnificent Seven's Turn to Shine; Buy Pullbacks to 3+ Month SPX Uptrend and 50-Day MA

Magnificent Seven's $MAGS Turn to Shine; Buy Pullbacks to 3+ Month $SPX Uptrend and 50-day MA, currently 6655-6680. Buys: $AAPL $TSLA $NVDA $GOOGL...

Vermilion Research

Singapore Market Roundup (03-Jan-2025): DBS top pick: Sea for growth in live commerce and AI.

DBS favors Sea for growth, Digital Core REIT for opportunities, and local bank stocks OCBC and UOB; UOB Kay Hian updates on REITs and Seatrium,...

Singapore Market Roundup

China Oilfield Services (2883.HK) – Interim Results Show Continued Strong Growth

The company shows strong business growth with rising sales, profits, and margins driven by favorable industry supply-demand dynamics and key...

Rikki Malik

Borr Drilling - ESG Report - Lucror Analytics

We assess Borr Drilling's ESG as "Adequate", in line with its Environmental, Social and Governance scores. Controversies are "Immaterial", but...

Lucror Analytics

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