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

Trung Nguyen

Senior Credit Analyst

Credit

Xiaomi Corp's FY 2022 results were in line with expectations and the weakness in the smartphone market. However, we see some positive signs, such as the reasonable Q4 results, improved selling prices on the back of the premiumisation strategy, as well as the stable Internet of Things (IoT) segment. The balance sheet remains in a large net cash position, with cash more than 2x total debt. We believe the worst may be over for Xiaomi. The re-opening of offline stores in China following the easing of COVID-19 related measures in 2023 would drive up demand for the company's premium phones, as well as the average selling prices and gross margins. We expect the smartphone market to stabilise in H2, though overall shipments in the year should remain weak.

  Xiaomi Corp's FY 2022 results were in line with expectations and the weakness in the smartphone market. However, we see some positive signs, such as the reasonable Q4 results, improved selling prices on the back of the premiumisation strategy, as well as the stable Internet of Things (IoT) segment. The balance sheet remains in a large net cash position, with cash more than 2x total debt.   We believe the worst may be over for Xiaomi. The re-opening of offline stores in China following the easing of COVID-19 related measures in 2023 would drive up demand for the company's premium phones, as well as the average selling prices and gross margins. We expect the smartphone market to stabilise in H2, though overall shipments in the year should remain weak. 

Xiaomi Corp - Earnings Flash - FY 2022 Results - Lucror Analytics