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>Best Buy delivered a positive result and managed an all-around beat last quarter.</li><li>While absorbing more significant incentive compensation costs than Best Buy saw last year, the company managed to maintain level SG&A costs.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Best Buy delivered a positive result and managed an all-around beat last quarter.While absorbing more significant incentive compensation costs than Best Buy saw last year, the company managed to maintain level SG&A costs.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Best Buy Co. Inc.: Unpacking the Strategies Yielding Profitability Gains in Membership Programs! - Major Drivers

APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/sml-group" target="_blank" data-smartkarma-citation="entities:36102:1" rel="noopener">SML Group (SMLGZ HK)</a> is looking to raise about US$200m in its upcoming Hong Kong IPO.</li>
<li>SML Group (SMLG) is a vertically integrated digital identification solutions provider. It primarily engages in developing, manufacturing and selling label and tag products with radio frequency identification (RFID).</li>
<li>SMLG’s revenue growth rebounded post-COVID on the back of improved consumer sentiment. However, the firm’s profitability growth has been slowing down yet it has undertaken additional debt to payout dividends.</li>
</ul>



SML Group (SMLGZ HK) is looking to raise about US$200m in its upcoming Hong Kong IPO.
SML Group (SMLG) is a vertically integrated digital identification solutions provider. It primarily engages in developing, manufacturing and selling label and tag products with radio frequency identification (RFID).
SMLG’s revenue growth rebounded post-COVID on the back of improved consumer sentiment. However, the firm’s profitability growth has been slowing down yet it has undertaken additional debt to payout dividends.


SML Group Pre-IPO - Guided Decline in Profitability but Spike in Dividend Payout

<ul><li>Best Buy delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.</li><li>Despite cautious consumer behavior due to inflation and low confidence, Best Buy maintained consistent purchasing patterns and demographics.</li><li>Customer satisfaction scores improved for in-home services, delivery, and remote support, highlighting the company's focus on customer support.</li></ul>

Best Buy delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.Despite cautious consumer behavior due to inflation and low confidence, Best Buy maintained consistent purchasing patterns and demographics.Customer satisfaction scores improved for in-home services, delivery, and remote support, highlighting the company's focus on customer support.

Best Buy Co: Investing in Omnichannel Capabilities to Stay Ahead of the Competition – Key Drivers

<ul><li>Best Buy managed to deliver an all-around beat in the last quarter in a relatively challenging operating environment.</li><li>Moreover, customer demand for virtual interactions has stayed elevated and sustained strong sales growth from video sales, phone, and chat.</li><li>Throughout the quarter, the company has been advancing its strategic initiatives and investing in areas vital for its long-term growth.</li></ul>

Best Buy managed to deliver an all-around beat in the last quarter in a relatively challenging operating environment.Moreover, customer demand for virtual interactions has stayed elevated and sustained strong sales growth from video sales, phone, and chat.Throughout the quarter, the company has been advancing its strategic initiatives and investing in areas vital for its long-term growth.

Best Buy Inc: New Upgrade+ Program & Other Developments

<ul><li>Best Buy delivered a decent result this quarter surpassing Wall Street expectations on all counts.</li><li>Best Buy is also viewing more interest in the sales events such as tax-free events, prime day, and other events that are geared at an exceptional value.</li><li>Best Buy also opened new outlet stores, finished store remodels, and started to implement newly signed deals with healthcare companies.</li></ul>

Best Buy delivered a decent result this quarter surpassing Wall Street expectations on all counts.Best Buy is also viewing more interest in the sales events such as tax-free events, prime day, and other events that are geared at an exceptional value.Best Buy also opened new outlet stores, finished store remodels, and started to implement newly signed deals with healthcare companies.

Best Buy Inc: New Small Format Digital-First Store & Other Drivers

United States

Best Buy Co., Inc. retails consumer electronics, home office products, entertainment software, appliances and related services through its retail stores, as well as its web site.  The Company also retails pre-recorded home entertainment products through retail stores.

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Best Buy Co Inc (BBY US)

Best Buy Co. Inc.: Unpacking the Strategies Yielding Profitability Gains in Membership Programs! - Major Drivers

Best Buy delivered a positive result and managed an all-around beat last quarter. While absorbing more significant incentive compensation costs...

Baptista Research

SML Group Pre-IPO - Guided Decline in Profitability but Spike in Dividend Payout

SML Group (SMLGZ HK) is looking to raise about US$200m in its upcoming Hong Kong IPO. The firm’s profitability growth has been slowing down yet it...

Ethan Aw

Best Buy Co: Investing in Omnichannel Capabilities to Stay Ahead of the Competition – Key Drivers

Best Buy delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings...

Baptista Research

Best Buy Inc: New Upgrade+ Program & Other Developments

Best Buy managed to deliver an all-around beat in the last quarter in a relatively challenging operating environment. Moreover, customer demand...

Baptista Research

Best Buy Inc: New Small Format Digital-First Store & Other Drivers

Best Buy delivered a decent result this quarter surpassing Wall Street expectations on all counts. Best Buy is also viewing more interest in the...

Baptista Research

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