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>Ambev, a brewing company in Brazil, has seen an increase in volume growth for Q1 in both the beer and the non-alcoholic beverages (NAB) industry, with Brazil delivering its best Q1 volume performance in history.</li><li>This growth was driven by its premium and core plus brands, with the company estimating market share growth for the fifth consecutive quarter.</li><li>Moreover, cash flow from operating activities and free cash flow grew by almost BRL 1.3 billion each compared to the previous year.</li></ul>

Ambev, a brewing company in Brazil, has seen an increase in volume growth for Q1 in both the beer and the non-alcoholic beverages (NAB) industry, with Brazil delivering its best Q1 volume performance in history.This growth was driven by its premium and core plus brands, with the company estimating market share growth for the fifth consecutive quarter.Moreover, cash flow from operating activities and free cash flow grew by almost BRL 1.3 billion each compared to the previous year.

Ambev S.A.: These Are The 4 Biggest Growth Drivers & 3 Major Challenges In Its Path! - Financial Forecasts

<ul><li>Ambev delivered an all-around beat in the previous quarter.</li><li>Notably, strong organic sales growth included a 7% increase in pricing, reflecting the value-based pricing implemented last year and new pricing introduced this year to enhance customer value.</li><li>Ambev's commitment to value-based pricing strategies and adaptability in the face of dynamic global energy prices was evident.</li></ul>

Ambev delivered an all-around beat in the previous quarter.Notably, strong organic sales growth included a 7% increase in pricing, reflecting the value-based pricing implemented last year and new pricing introduced this year to enhance customer value.Ambev's commitment to value-based pricing strategies and adaptability in the face of dynamic global energy prices was evident.

Ambev S.A.: Is Their Digital Transformation Setting a New Standard in the Beverage Sector? - Major Drivers

Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Cross Asset Strategy

<ul>
<li>This report identifies stocks at the extremes of their positioning or momentum ranges within our active Global EM fund universe.</li>
<li>We have pinpointed eight stocks either at their historical positioning extremes or undergoing significant changes in fund ownership, providing detailed ownership profiles for each.</li>
<li>HDFC Bank loses steam after merger, Nu Holdings surges to new highs, POSCO plunges to new fund ownership lows.</li>
</ul>


This report identifies stocks at the extremes of their positioning or momentum ranges within our active Global EM fund universe.
We have pinpointed eight stocks either at their historical positioning extremes or undergoing significant changes in fund ownership, providing detailed ownership profiles for each.
HDFC Bank loses steam after merger, Nu Holdings surges to new highs, POSCO plunges to new fund ownership lows.


Active GEM Funds:  Extremes in Positioning & Momentum

Global Emerging Market Equities, Propitious Research

Wium Malan, CFA

Global Emerging Market Equities

Independent, Fundamental Quantitative Research

Propitious Research

Fully independent, fundamental and quantitative equity research, focused on companies in the Telecommunication, Media, Technology, Internet and Healthcare sectors in the Global Emerging Markets. Idea generation focused on Quality stocks, trading below their intrinsic Value, with sound Corporate Governance.

Quantitative Analysis

<ul>
<li>An overview (and output) of our machine learning-driven GEM screening model, which seeks to find the best medium-term long ideas within the top 100 stocks in the MSCI GEM Index.</li>
<li>The model is based on 1) a quantitative multifactor screening model, enhanced by two AI Technology-based approaches; 2) a Deep Neural Network model, and 3) a Recurrent Neural Network model.</li>
<li>Developed over roughly 4 years and implemented in its current state for over 3 years, the model has a solid real-world alpha-generating performance track record, discussed in detail below.</li>
</ul>


An overview (and output) of our machine learning-driven GEM screening model, which seeks to find the best medium-term long ideas within the top 100 stocks in the MSCI GEM Index.
The model is based on 1) a quantitative multifactor screening model, enhanced by two AI Technology-based approaches; 2) a Deep Neural Network model, and 3) a Recurrent Neural Network model.
Developed over roughly 4 years and implemented in its current state for over 3 years, the model has a solid real-world alpha-generating performance track record, discussed in detail below.


Brazil

Ambev SA primary business is the production and distribution of beer. The Company also operates in the soft drinks and non-alcoholic and non-carbonated businesses with proprietary brands. Ambev has exclusive bottler and distributor rights for Pepsi CSD products in Brazil.

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Ambev (ABEV US)

Ambev S.A.: These Are The 4 Biggest Growth Drivers & 3 Major Challenges In Its Path! - Financial Forecasts

Ambev, a brewing company in Brazil, has seen an increase in volume growth for Q1 in both the beer and the non-alcoholic beverages (NAB) industry,...

Baptista Research

Ambev S.A.: Is Their Digital Transformation Setting a New Standard in the Beverage Sector? - Major Drivers

Ambev delivered an all-around beat in the previous quarter. Notably, strong organic sales growth included a 7% increase in pricing, reflecting the...

Baptista Research

Active GEM Funds: Extremes in Positioning & Momentum

GEM Extreme Stocks. HDFC Bank loses steam after merger, Nu Holdings surges to new highs, POSCO plunges to new fund ownership lows.

Steven Holden

Screening for GEMs: January 2024

This insight provides an overview of our, machine learning-driven, proprietary GEM screening model, based on a Multifactor model, a Deep Neural...

Wium Malan, CFA

Screening for GEMs: December 2023

This insight provides an overview of our, machine learning-driven, proprietary GEM screening model, based on a Multifactor model, a Deep Neural...

Wium Malan, CFA

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