Equity Long-Short Analyst

Pyari Menon

Thematic (Sector/Industry)

<ul>
<li>The companies that are best positioned to take advantage of the 5G growth are a mix of equipment vendors, chipset companies, device makers, and enterprise solution providers. </li>
<li>The top ten companies to benefit from 5G rollout based on innovation and citation count are Samsung Electronics, Qualcomm, LG Electronics, AT&amp;T, Huawei, Intel, Google, Ericsson, Apple, and Nokia 
</li>
<li>A stand-out in 5G technology rankings is <a href="https://www.smartkarma.com/entities/lg-electronics-inc" target="_blank" data-smartkarma-citation="entities:8814:1" rel="noopener">LG Electronics (066570 KS)</a> which is punching well above its current market share in the industry. </li>
</ul>


The companies that are best positioned to take advantage of the 5G growth are a mix of equipment vendors, chipset companies, device makers, and enterprise solution providers. 
The top ten companies to benefit from 5G rollout based on innovation and citation count are Samsung Electronics, Qualcomm, LG Electronics, AT&amp;T, Huawei, Intel, Google, Ericsson, Apple, and Nokia 

A stand-out in 5G technology rankings is LG Electronics (066570 KS) which is punching well above its current market share in the industry. 


Stock Ideas from Data Mining Technical Publications: A Look at 5G

Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

<ul><li>The unprecedented amount of liquidity is having profound implications for high growth tech companies.</li><li>Expected topline growth rate has become the number one business valuation driver in the cloud space.</li><li>The hidden risk of rising interest rates and fading momentum trade is often left unaccounted for, which could soon create serious problems.</li></ul>

The unprecedented amount of liquidity is having profound implications for high growth tech companies.Expected topline growth rate has become the number one business valuation driver in the cloud space.The hidden risk of rising interest rates and fading momentum trade is often left unaccounted for, which could soon create serious problems.

The Cloud Space In Numbers: What Matters The Most

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

International Business Machines / Equity Capital Markets

<ul><li>IBM had a below-par result as it failed to meet market expectations causing a slight correction in the stock.</li><li>If we exclude the upcoming spin-off of Kyndryl, the company’s revenue growth was around 2.5% for the quarter with many of its traditional businesses such as global financing and systems showing a negative growth.</li><li>The company’s global business services segment benefited from robust demand for its cloud, consulting, application management, and global process services.</li></ul>

IBM had a below-par result as it failed to meet market expectations causing a slight correction in the stock.If we exclude the upcoming spin-off of Kyndryl, the company’s revenue growth was around 2.5% for the quarter with many of its traditional businesses such as global financing and systems showing a negative growth.The company’s global business services segment benefited from robust demand for its cloud, consulting, application management, and global process services.

International Business Machines (IBM) - Investment Thesis

International Business Machines / Equity Bottom-Up

<ul>
<li>A year later and IBM has significantly underperformed the market while still having all the signs of a classic value trap.</li>
<li>Embarking upon an aggressive M&amp;A strategy while paying high dividend per share and increasing leverage does not seem like a recipe for success.</li>
<li>With almost a month left before the separation of Kyndryl, future prospects of the managed infrastructure business appear bleak.</li>
</ul>


A year later and IBM has significantly underperformed the market while still having all the signs of a classic value trap.
Embarking upon an aggressive M&amp;A strategy while paying high dividend per share and increasing leverage does not seem like a recipe for success.
With almost a month left before the separation of Kyndryl, future prospects of the managed infrastructure business appear bleak.


IBM: Misallocation Of Capital Is Risky Even At Low Multiples

Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

GLOBALFOUNDRIES has filed for an IPO in the US.  The company's filing reveals a strategy that may not be focused on the leading edge of the market, but it seems to be well aimed at good margins and manageable R&amp;D costs.

GLOBALFOUNDRIES has filed for an IPO in the US.  The company's filing reveals a strategy that may not be focused on the leading edge of the market, but it seems to be well aimed at good margins and manageable R&amp;D costs.

United States

International Business Machines Corporation (IBM) provides computer solutions through the use of advanced information technology. The Company's solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

International Business Machines (IBM US)

Stock Ideas from Data Mining Technical Publications: A Look at 5G

5G connectivity is expected to spawn new business and services across sectors. We review the technological positioning of companies competing in...

Pyari Menon

The Cloud Space In Numbers: What Matters The Most

The unprecedented amount of liquidity is having profound implications for high growth tech companies. Expected topline growth rate has become the...

Vladimir Dimitrov, CFA

International Business Machines (IBM) - Investment Thesis

IBM had a below-par result as it failed to meet market expectations causing a slight correction in the stock. If we exclude the upcoming spin-off...

Baptista Research

IBM: Misallocation Of Capital Is Risky Even At Low Multiples

A year later and IBM has significantly underperformed the market while still having all the signs of a classic value trap. Embarking upon an...

Vladimir Dimitrov, CFA

GLOBALFOUNDRIES IPO - Good Timing

Is this a good time for GLOBALFOUNDRIES to go public? Given the company's focus on older processes, and the market's current shortages, it seems...

Jim Handy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)