Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Equity Bottom-Up

Smoore International Holdings / Equity Bottom-Up

<ul>
<li>China's National Team was steadily buying ETF's during and after the Third Plenum.  Southbound Connect Flows continue to be positive during July.</li>
<li>
<a href="https://www.smartkarma.com/entities/smoore-international-holdings" target="_blank" data-smartkarma-citation="entities:28241:1" rel="noopener">Smoore International Holdings (6969 HK)</a> , <a href="https://www.smartkarma.com/entities/xinjiang-goldwind-science-technology-h" target="_blank" data-smartkarma-citation="entities:10112:1" rel="noopener">Xinjiang Goldwind Science &amp; Technology (2208 HK)</a> and <a href="https://www.smartkarma.com/entities/hisense-home-appliances-group-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20107:1" rel="noopener">Hisense Home Appliances Group Co., Ltd. H (921 HK)</a>  benefited from positive news sentiment this week.</li>
<li>
<a href="https://www.smartkarma.com/entities/chow-tai-fook-jewellery-group" target="_blank" data-smartkarma-citation="entities:549:1" rel="noopener">Chow Tai Fook Jewellery (1929 HK)</a> and <a href="https://www.smartkarma.com/entities/asm-pacific-technology-ltd" target="_blank" data-smartkarma-citation="entities:15061:1" rel="noopener">ASM Pacific Technology (522 HK)</a> suffered on negative news, while <a href="https://www.smartkarma.com/entities/meituan" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> continued its pullback in concert with the retail food sector.</li>
</ul>


China's National Team was steadily buying ETF's during and after the Third Plenum.  Southbound Connect Flows continue to be positive during July.

Smoore International Holdings (6969 HK) , Xinjiang Goldwind Science &amp; Technology (2208 HK) and Hisense Home Appliances Group Co., Ltd. H (921 HK)  benefited from positive news sentiment this week.

Chow Tai Fook Jewellery (1929 HK) and ASM Pacific Technology (522 HK) suffered on negative news, while Meituan (3690 HK) continued its pullback in concert with the retail food sector.


The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

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.

British American Tobacco  / Equity Bottom-Up

<ul><li>During the last quarter, BAT showed a decent performance with growing revenue, profit, and earnings per share.</li><li>The focus on New Categories has been successful, with revenue from non-combustibles increasing significantly.</li><li>By prioritizing sharper execution and responsible New Category development, BAT aims to navigate regulatory challenges.</li></ul>

During the last quarter, BAT showed a decent performance with growing revenue, profit, and earnings per share.The focus on New Categories has been successful, with revenue from non-combustibles increasing significantly.By prioritizing sharper execution and responsible New Category development, BAT aims to navigate regulatory challenges.

British American Tobacco PLC ADR: Major Drivers

<ul><li>British American Tobacco delivered decent financial results and successfully navigated a progressively challenging macro environment.</li><li>In New Categories, the company delivered strong revenue growth driven by Geo expansion, innovation, and share growth.</li><li>British American Tobacco launched the first connected Vapour device of the Group, Vuse ePod2 plus, that drives increased pod consumption.</li></ul>

British American Tobacco delivered decent financial results and successfully navigated a progressively challenging macro environment.In New Categories, the company delivered strong revenue growth driven by Geo expansion, innovation, and share growth.British American Tobacco launched the first connected Vapour device of the Group, Vuse ePod2 plus, that drives increased pod consumption.

British American Tobacco: New Category Growth

Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

<ul>
<li>British American Tobacco's stock could reach $45 per share.</li>
<li>The firm's dividend policy means a dividend yield of 6%+ is likely to sustain.</li>
<li>The organization's non-combustible products segment is skyrocketing and makes up approximately 15% of the company's revenue mix, consequently providing valuable economies of scope.</li>
</ul>


British American Tobacco's stock could reach $45 per share.
The firm's dividend policy means a dividend yield of 6%+ is likely to sustain.
The organization's non-combustible products segment is skyrocketing and makes up approximately 15% of the company's revenue mix, consequently providing valuable economies of scope.


British American Tobacco: Attractive Return Potential, 6%+ Yield Likely To Sustain

<ul><li>This is our first report on global tobacco major, British American Tobacco.</li><li>British American Tobacco is known for its dividend and yield and also for regular buybacks.</li><li>With British American Tobacco’s innovative Glo platform hyper X2, it has improved all key aspects of the company’s successful model Glo Hyper significantly.</li></ul>

This is our first report on global tobacco major, British American Tobacco.British American Tobacco is known for its dividend and yield and also for regular buybacks.With British American Tobacco’s innovative Glo platform hyper X2, it has improved all key aspects of the company’s successful model Glo Hyper significantly.

British American Tobacco ADR: Initiation of Coverage – Financial Forecasts

United Kingdom

British American Tobacco P.L.C. operates as a holding company for a group of companies that manufactures, markets, and sells cigarettes and other tobacco products including cigars and roll-your-own tobacco.

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British American Tobacco (BTI US)

The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

China's National Team continued buying in the ETF market. Smoore International, Xinjiang Goldwind and Hisense had positive news sentiment, while...

David Mudd

British American Tobacco PLC ADR: Major Drivers

During the last quarter, BAT showed a decent performance with growing revenue, profit, and earnings per share. The focus on New Categories has...

Baptista Research

British American Tobacco: New Category Growth

British American Tobacco delivered decent financial results and successfully navigated a progressively challenging macro environment. In New...

Baptista Research

British American Tobacco: Attractive Return Potential, 6%+ Yield Likely To Sustain

British American Tobacco's stock could reach $45 per share. The firm's dividend policy means a dividend yield of 6%+ is likely to sustain.

Pearl Gray Equity and Research

British American Tobacco ADR: Initiation of Coverage – Financial Forecasts

This is our first report on global tobacco major, British American Tobacco. British American Tobacco is known for its dividend and yield and also...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)