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

<ul><li>FedEx had a decent quarter and a particularly solid performance in December 2021.</li><li>The Omicron variant surge had a $350 million impact on third-quarter operating income, primarily at Express, as it influenced customer demand and put pressure on their operations, resulting in constrained capacity, network disruptions, and lower revenue and volumes.</li><li>The Omicron variant surge also slowed customer demand, resulting in lower volume than expected.</li></ul>

FedEx had a decent quarter and a particularly solid performance in December 2021.The Omicron variant surge had a $350 million impact on third-quarter operating income, primarily at Express, as it influenced customer demand and put pressure on their operations, resulting in constrained capacity, network disruptions, and lower revenue and volumes.The Omicron variant surge also slowed customer demand, resulting in lower volume than expected.

FedEx Corporation: Financial & Price Forecasts

<ul><li>FedEx is a part of the global oligopoly in the parcel shipping business along with U.S. rival UPS and Europe’s DHL Express.</li><li>It recently delivered its second consecutive quarter of 14% revenue growth demonstrated the robust demand for their differentiated portfolio and their ability to drive revenues.</li><li>The company is seeing high delivery volumes in their network, given the extraordinary amounts of shopping and shipping especially after the impact of the Omicron variant.</li></ul>

FedEx is a part of the global oligopoly in the parcel shipping business along with U.S. rival UPS and Europe’s DHL Express.It recently delivered its second consecutive quarter of 14% revenue growth demonstrated the robust demand for their differentiated portfolio and their ability to drive revenues.The company is seeing high delivery volumes in their network, given the extraordinary amounts of shopping and shipping especially after the impact of the Omicron variant.

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/delhivery-pvt-ltd" target="_blank" data-smartkarma-citation="entities:33471:1" rel="noopener">Delhivery (1058656D IN)</a> is the largest and fastest-growing 3PL express parcel delivery player in India by revenue in FY21. It has won SEBI approval to raise up to $1 billion.  </li>
<li>The fundamentals are mixed as it has been unable to leverage its leading position and strong growth to deliver profits or cash generation.  </li>
<li>Based on the draft red herring prospectus, we are cautious about this potential IPO as the negatives outweigh the positives.  </li>
</ul>



Delhivery (1058656D IN) is the largest and fastest-growing 3PL express parcel delivery player in India by revenue in FY21. It has won SEBI approval to raise up to $1 billion.  
The fundamentals are mixed as it has been unable to leverage its leading position and strong growth to deliver profits or cash generation.  
Based on the draft red herring prospectus, we are cautious about this potential IPO as the negatives outweigh the positives.  


Delhivery IPO Initiation: Can It Deliver?

United Parcel Service Cl B / Equity Capital Markets

<ul><li>With the holiday season around the corner and the increasing fear of the Omicron variant, one would believe that logistics players like FedEx and UPS are expected to have a tough time ahead.</li><li>In this report, we are looking to analyze the key qualitative factors that could influence the two companies’ stock price in the near future.</li><li>This would be followed by a detailed comparison and analysis of every single fundamental financial metric of the two companies including top-line performance, profitability, cash flow generation, capital structure, investments, working capital, and valuation over the past four quarterly results as well as the historical year-on-year financials.</li></ul>

With the holiday season around the corner and the increasing fear of the Omicron variant, one would believe that logistics players like FedEx and UPS are expected to have a tough time ahead.In this report, we are looking to analyze the key qualitative factors that could influence the two companies’ stock price in the near future.This would be followed by a detailed comparison and analysis of every single fundamental financial metric of the two companies including top-line performance, profitability, cash flow generation, capital structure, investments, working capital, and valuation over the past four quarterly results as well as the historical year-on-year financials.

FedEx vs. United Parcel Service - Which Logistics Behemoth Is More Financially Sound?

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 <strong>Samsung Electronics, Qualcomm, LG Electronics, AT&amp;T, Huawei, Intel, Google, Ericsson, Apple,</strong> and <strong>Nokia </strong>
</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

United States

FedEx Corp. delivers packages and freight to multiple countries and territories through an integrated global network.  The Company provides worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery, supply chain management services, customs brokerage services, and trade facilitation and electronic commerce solutions.

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

FedEx Corp (FDX US)

FedEx Corporation: Financial & Price Forecasts

FedEx had a decent quarter and a particularly solid performance in December 2021. The Omicron variant surge had a $350 million impact on...

Baptista Research

FedEx Corporation - Investment Thesis

FedEx is a part of the global oligopoly in the parcel shipping business along with U.S. rival UPS and Europe’s DHL Express. It recently delivered...

Baptista Research

Delhivery IPO Initiation: Can It Deliver?

Delhivery has won SEBI approval to raise up to $1 billion. Based on the draft red herring prospectus, we are cautious about this potential IPO as...

Arun George

FedEx vs. United Parcel Service - Which Logistics Behemoth Is More Financially Sound?

With the holiday season around the corner and the increasing fear of the Omicron variant, one would believe that logistics players like FedEx and...

Baptista Research

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)