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

Following the recent string of high-profile fraud scandals, from Luckin Coffee in China to Wirecard in Germany, our In-Focus section this month deals with our framework for discerning fraud in Asian companies. We also give an overview of common techniques used to manipulate financial information in Asian markets, and present case studies of alleged or confirmed fraud drawn from our coverage universe. The Asia Monthly focuses on providing updates on recent events, information on new issues and spread movements, as well as summarising our top picks and discussing specific areas of interest in the “In-Focus” section. The Asia Monthly is intended to broaden investors' understanding of the Asian USD high-yield market.

  Following the recent string of high-profile fraud scandals, from Luckin Coffee in China to Wirecard in Germany, our In-Focus section this month deals with our framework for discerning fraud in Asian companies. We also give an overview of common techniques used to manipulate financial information in Asian markets, and present case studies of alleged or confirmed fraud drawn from our coverage universe.   The Asia Monthly focuses on providing updates on recent events, information on new issues and spread movements, as well as summarising our top picks and discussing specific areas of interest in the “In-Focus” section. The Asia Monthly is intended to broaden investors' understanding of the Asian USD high-yield market. 

Asia HY Monthly - Framework For Discerning Fraud In Asian Companies - Lucror Analytics

The Asia HY Trade Recommendations report for the month of June includes a summary of our recommendations. The report also features relative-value charts and lists of the bonds in the Lucror Asia HY index.

  The Asia HY Trade Recommendations report for the month of June includes a summary of our recommendations. The report also features relative-value charts and lists of the bonds in the Lucror Asia HY index. 

Asia HY Trade Recommendations - June 2020 - Lucror Analytics

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.<ul><li><a href='#lucror-entity-12151'>Garuda Indonesia (Persero)</a></li><li><a href='#lucror-entity-20679'>Mnc Investama</a></li><li><a href='#lucror-entity-473'>Wynn Macau Ltd</a></li></ul>

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.Garuda Indonesia (Persero)Mnc InvestamaWynn Macau Ltd

Morning Views Asia: Garuda Indonesia (Persero), Mnc Investama, Wynn Macau Ltd

ASEAN (Indo) & China-focused. Ex-Deputy HoR UBS.

Johannes Salim, CFA

Equity Bottom-Up

<ul><li>Conference call with Mr. Hary Tanoesoedibjo reveals that <a href="https://www.smartkarma.com/entities/20679" target="_blank" data-smartkarma-citation="entities:20679:1">Mnc Investama Tbk Pt (BHIT IJ)</a> would focus on three core businesses: media, financial services, and property.</li><li>Overall tone of Mr. Tanoesoedibjo is optimistic, with property being the new growth driver.</li><li>Media business (75% of BHIT's revenue in 1H17) hits flattish growth, owing to weaker than expected domestic consumption recovery.</li><li>Another big question is if he, openly admiring Trump, will run for president in 2019.  </li></ul>

Conference call with Mr. Hary Tanoesoedibjo reveals that Mnc Investama Tbk Pt (BHIT IJ) would focus on three core businesses: media, financial services, and property.Overall tone of Mr. Tanoesoedibjo is optimistic, with property being the new growth driver.Media business (75% of BHIT's revenue in 1H17) hits flattish growth, owing to weaker than expected domestic consumption recovery.Another big question is if he, openly admiring Trump, will run for president in 2019.  

MNC Investama: Conference Call with the Chairman

Indonesia

MNC Asia Holding is an Indonesian conglomerate operating across media and entertainment, financial services, tourism and hospitality, and energy sectors. It manages four free-to-air television stations, provides comprehensive financial services including banking and insurance, and develops integrated tourism and hospitality properties. The company is headquartered in Jakarta, Indonesia, and was founded in 1989.

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MNC Asia Holding (BHIT IJ)

Asia HY Monthly - Framework For Discerning Fraud In Asian Companies - Lucror Analytics

Following the recent string of high-profile fraud scandals, from Luckin Coffee in China to Wirecard in Germany, our In-Focus section this month...

Lucror Analytics

Asia HY Trade Recommendations - June 2020 - Lucror Analytics

The Asia HY Trade Recommendations report for the month of June includes a summary of our recommendations. The report also features relative-value...

Lucror Analytics

Morning Views Asia: Garuda Indonesia (Persero), Mnc Investama, Wynn Macau Ltd

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

MNC Investama: Conference Call with the Chairman

Conference call with Mr. Hary Tanoesoedibjo reveals that Mnc Investama Tbk Pt (BHIT IJ) would focus on three core businesses: media, financial...

Johannes Salim, CFA

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52-week Range

Market Cap (USDm)

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