Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Sappi, Telecom Italia, Banijay, Modulaire, Borr Drilling, Bombardier, Nissan Motor, Nomad Foods (Iglo), Ineos, Ineos Quattro, Air France-KLM, Victoria

Western Digital Corp: 1 director

A director at Western Digital Corp sold 10,000 shares at 161.321USD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...

Symbotic Inc: 2 directors

Two Directors at Symbotic Inc sold after exercising options/sold 15,735 shares at between 76.751USD and 82.087USD. The significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the co...

Cipher Mining Inc: 1 director

A director at Cipher Mining Inc sold 173,094 shares at 22.520USD and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...

Capital One Financial Corp: 2 directors

Two Directors at Capital One Financial Corp sold/sold after exercising options 105,487 shares at between 219.410USD and 220.685USD. The significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary tra...

HF Sinclair Corp: 2 directors

Two Directors at HF Sinclair Corp sold 960,375 shares at between 52.080USD and 53.280USD. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over th...

Robinhood Markets Inc: 2 directors

A director at Robinhood Markets Inc sold/sold after exercising options 48,350 shares at 140.614USD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's dire...

Etsy Inc: 2 directors

Two Directors at Etsy Inc sold/sold after exercising options 6,295 shares at between 57.800USD and 57.810USD. The significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company...

Compagnie Gener. des Etablissements Michelin: Key facts and statistics...

A summary company profile, detailing Compagnie Gener. des Etablissements Michelin’s business operations and financial highlights.

Cerba - ESG Report - Lucror Analytics

Moody's Ratings assigns provisional rating to new Class A-R Notes to b...

Moody's Ratings (Moody's) has assigned the following provisional rating to the notes to be issued by Perpetual Trustee Company Limited in its capacity as trustee of the Progress 2020-1 Trust. IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. SUCH USE ...

Environmental Risk – Global:Greater credit materiality of land degrada...

Sectors with complex supply chains, such as agriculture and consumer goods, can have high exposure to natural capital risks such as land degradation, with credit implications.

STWD 2025-FL4, LLC: Pre-sale report

CRE CLO pre-sale report

Galaxy Entertainment Group (27 HK): 3Q25: Normalised EBITDA Up 5% qoq;...

Galaxy’s 3Q25 normalised adjusted EBITDA rose 5% qoq, but Typhoon Ragasa decreased the EBITDA by HK$140m. In Oct 25, the company delivered good performance, driven by robust visitations and an unusual win rate in the VIP segment, with this momentum continuing into Nov 25. Looking ahead, management expects 4Q25 to perform slightly above normal seasonality, supported by the top premium mass and VIP segments. Maintain BUY; cut target price by 4% to HK$47.00 (previously HK$49.00).

BeOne Medicines (6160 HK): 9M25: Results Beat; Enters A New Era Of Rap...

BeOne Medicines’ 3Q25 revenue surged 43.3% to US$3.8b, with adjusted net earnings of US$693m beating estimates. The company raised its 2025 revenue guidance and slightly lowered its cost forecast. BRUKINSA's strong sales outlook and improved operational efficiency are expected to drive robust earnings and cash flow growth. Furthermore, its efficient R&D progress supports sustainable long-term growth through future product launches. Maintain BUY and raise target price from HK$240.00 to HK$252.00.

China Automobile Weekly: Review Of 3Q25 Results And 4Q25 Outlook.

The anti-involution policy boosted OEMs’ 3Q25 earnings by ending the price war. However, the industry disruptor BYD saw worsened liquidity due to sales slowdown and inventory pile-up. Auto part companies saw margin erosion in 3Q25 due to delayed impacts from the OEMs’ price war, but 4Q25 margin will stabilise. Maintain MARKET WEIGHT. Top BUYs: CATL and Geely. Top SELLs: BYD and Li Auto. Cut target price for Li Auto to HK$60.0. Raise target price for Weichai to HK$24.50.

Bangchak Sriracha (BSRC TB) - 3Q25: Strong Quarterly Results

Company Results | Bangchak Sriracha (BSRC/BUY/Bt4.30/Target: Bt7.00) BSRC reported a strong turnaround in 3Q25 with a net profit of Bt343m from a loss in 2Q25, driven by a higher operating GRM of US$6.7/bbl, improved diesel and jet spreads, and lower crude premiums. Crude run rose to 142kbd and total sales volume increased to 2.24bn liters. The company benefited from efficiency gains, record marine fuel sales, and reduced finance costs. This marks the final quarterly report before BSRC’s merge...

Thai Airways (THAI TB) - Expect Strong Core Profit Growth In 3Q25

Company Update | Thai Airways (THAI TB/HOLD/Bt9.55/Target: Bt9.70) THAI is expected to post a 3Q25 core profit of Bt4.3b, surging from Bt1.3b in 3Q24, driven by lower fuel and maintenance costs. Revenue should be Bt42.8b (-3.8% yoy) amid lower yields, though RPK and RFTK remain strong. THAI’s maintenance cost should drop by 20–30% in 3Q25 after extending aircraft usage before servicing. However, uncertainty persists as the Ministry of Finance may regain board control in the upcoming AGM. We main...

Environmental Risk – Global: Greater credit materiality of land degrad...

Sectors with complex supply chains, such as agriculture and consumer goods, can have high exposure to natural capital risks such as land degradation, with credit implications.

Environmental Risk – Global:Greater credit materiality of land degrada...

Sectors with complex supply chains, such as agriculture and consumer goods, can have high exposure to natural capital risks such as land degradation, with credit implications.