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 Bottom-Up

<ul><li>Aflac Incorporated reported its first quarter 2024 financial results, showcasing a mixture of encouraging and challenging outcomes.</li><li>The report indicates solid earnings with net earnings per diluted share standing at $3.25, and an adjusted increase by 7.1% to $1.66, signaling robust profitability.</li><li>These results reflect diligent management of expenses and underwriting, contributing to strong pretax profit margins of 32.8% in Japan and 21% in the U.S. In Japan, Aflow of new and innovative products continued, including the latest medical insurance launch aimed at younger populations.</li></ul>

Aflac Incorporated reported its first quarter 2024 financial results, showcasing a mixture of encouraging and challenging outcomes.The report indicates solid earnings with net earnings per diluted share standing at $3.25, and an adjusted increase by 7.1% to $1.66, signaling robust profitability.These results reflect diligent management of expenses and underwriting, contributing to strong pretax profit margins of 32.8% in Japan and 21% in the U.S. In Japan, Aflow of new and innovative products continued, including the latest medical insurance launch aimed at younger populations.

Aflac Incorporated: Strategic Sales Execution & Diverse Distribution Channels In The U.S. & Japan! - Major Drivers

<ul><li>Aflac delivered an all-around beat in the previous quarter, with a notable 12.4% year-over-year increase in sales in Japan.</li><li>The Japanese market's success is attributed to a significant surge in cancer insurance sales, particularly through collaborations with Japan Post Company and Japan Post Insurance.</li><li>As the company continues to strengthen its market position, the commitment to prudent liquidity and capital management remains unwavering.</li></ul>

Aflac delivered an all-around beat in the previous quarter, with a notable 12.4% year-over-year increase in sales in Japan.The Japanese market's success is attributed to a significant surge in cancer insurance sales, particularly through collaborations with Japan Post Company and Japan Post Insurance.As the company continues to strengthen its market position, the commitment to prudent liquidity and capital management remains unwavering.

Aflac Incorporated: Key Strategies Driving Their Financial Triumph in Japan and the U.S.! - Major Drivers

<ul><li>Aflac managed to exceed analyst expectations in terms of revenue and earnings.</li><li>The company's diligent efforts and strategic initiatives in the United States and Japan have yielded strong results, positioning Aflac for future growth.</li><li>In Japan, the rollout of new products like WINGS cancer insurance and refreshed policies have contributed to significant sales growth, particularly in the cancer insurance segment.</li></ul>

Aflac managed to exceed analyst expectations in terms of revenue and earnings.The company's diligent efforts and strategic initiatives in the United States and Japan have yielded strong results, positioning Aflac for future growth.In Japan, the rollout of new products like WINGS cancer insurance and refreshed policies have contributed to significant sales growth, particularly in the cancer insurance segment.

Aflac Incorporated: Strategic Alliances That Are Set to Propel Their Future! - Major Drivers

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>The company’s targets are underwhelming given the opportunity but low expectations built in</li>
<li>A revamped strategy to increase profitability and shareholder returns is “radical” for this old-school company</li>
<li>Execution is key for certain parts of the plan, but the market can do the rest</li>
</ul>


The company’s targets are underwhelming given the opportunity but low expectations built in
A revamped strategy to increase profitability and shareholder returns is “radical” for this old-school company
Execution is key for certain parts of the plan, but the market can do the rest


Return to Sender: Japan Post Holdings (6178.T) – Entering the Modern Age

<ul>
<li>A company that is geared to Japan's macro revival with additional micro catalysts. </li>
<li>Ownership of financial companies which are set to benefit from a normalisation of Japanese monetary policy.</li>
<li>The low Price to Book means the company will need to keep up momentum on its capital management plans to  stay in the Prime Section of Topix.</li>
</ul>


A company that is geared to Japan's macro revival with additional micro catalysts. 
Ownership of financial companies which are set to benefit from a normalisation of Japanese monetary policy.
The low Price to Book means the company will need to keep up momentum on its capital management plans to  stay in the Prime Section of Topix.


Japan Post Holdings (6178.T) - Going Places!

United States

Aflac, Inc. is a general business holding company. The Company, through its subsidiaries, provides supplemental insurance to individuals in the United States and Japan.  Aflac's products include accident/disability plans, cancer expense plans, short-term disability plans, sickness and hospital indemnity plans, hospital intensive care plans, and fixed-benefit dental plans.

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Aflac Inc (AFL US)

Aflac Incorporated: Strategic Sales Execution & Diverse Distribution Channels In The U.S. & Japan! - Major Drivers

Aflac Incorporated reported its first quarter 2024 financial results, showcasing a mixture of encouraging and challenging outcomes. The report...

Baptista Research

Aflac Incorporated: Key Strategies Driving Their Financial Triumph in Japan and the U.S.! - Major Drivers

Aflac delivered an all-around beat in the previous quarter, with a notable 12.4% year-over-year increase in sales in Japan. The Japanese market's...

Baptista Research

Aflac Incorporated: Strategic Alliances That Are Set to Propel Their Future! - Major Drivers

Aflac managed to exceed analyst expectations in terms of revenue and earnings. The company's diligent efforts and strategic initiatives in the...

Baptista Research

Return to Sender: Japan Post Holdings (6178.T) – Entering the Modern Age

Company's underwhelming targets should be beaten. Its plans are being revamped with a "radical" strategy to increase profitability and shareholder...

Rikki Malik

Japan Post Holdings (6178.T) - Going Places!

A company positioned for Japan's economic recovery, benefiting from financial sector ownership and capital management plans to increase its Value.

Rikki Malik

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Aflac Incorporated: Strategic Sales Execution & Diverse Distribution Channels In The U.S. & Japan! - Major Drivers

Aflac Incorporated reported its first quarter 2024 financial results, showcasing a mixture of encouraging and challenging outcomes. The report...

Baptista Research

Aflac Incorporated: Key Strategies Driving Their Financial Triumph in Japan and the U.S.! - Major Drivers

Aflac delivered an all-around beat in the previous quarter, with a notable 12.4% year-over-year increase in sales in Japan. The Japanese market's...

Baptista Research

Aflac Incorporated: Strategic Alliances That Are Set to Propel Their Future! - Major Drivers

Aflac managed to exceed analyst expectations in terms of revenue and earnings. The company's diligent efforts and strategic initiatives in the...

Baptista Research

Return to Sender: Japan Post Holdings (6178.T) – Entering the Modern Age

​Company's underwhelming targets should be beaten. Its plans are being revamped with a "radical" strategy to increase profitability and shareholder...

Rikki Malik

Japan Post Holdings (6178.T) - Going Places!

​A company positioned for Japan's economic recovery, benefiting from financial sector ownership and capital management plans to increase its Value.

Rikki Malik

Company's underwhelming targets should be beaten. Its plans are being revamped with a "radical" strategy to increase profitability and shareholder...

A company positioned for Japan's economic recovery, benefiting from financial sector ownership and capital management plans to increase its Value.