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

Leonard Law, CFA

Senior Credit Analyst

Credit

<ul>
<li>SJM Holdings' Q4 and FY 2025 results were weak, as the company's market share declined and profitability worsened.</li>
<li>This was owing to a combination of: [1] disruption arising from the transition of gaming tables from the satellite casinos to its self-promoted properties; [2] intensified competition from peers amid the disruption; [3] lower win rates; and [4] one-off costs for smart tables, events, as well as expenses associated with the government's concession requirements.</li>
<li>Looking ahead, SJM’s market share should stabilise and gradually recover from the low level in Q4/25, supported by enhanced marketing efforts for its self-promoted casinos.</li>
</ul>


SJM Holdings' Q4 and FY 2025 results were weak, as the company's market share declined and profitability worsened.
This was owing to a combination of: [1] disruption arising from the transition of gaming tables from the satellite casinos to its self-promoted properties; [2] intensified competition from peers amid the disruption; [3] lower win rates; and [4] one-off costs for smart tables, events, as well as expenses associated with the government's concession requirements.
Looking ahead, SJM’s market share should stabilise and gradually recover from the low level in Q4/25, supported by enhanced marketing efforts for its self-promoted casinos.


SJM Holdings - Earnings Flash - FY 2025 Results - Lucror Analytics