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>The latest earnings from General Dynamics Corporation indicated a robust start to 2024.</li><li>Notably, there was a significant increase in total revenues, operating earnings, and net earnings compared to the previous year.</li><li>The corporation revealed earnings of $2.88 per share on revenue of $10.7 billion, demonstrating an 8.6% increase compared to the first quarter of the previous year.</li></ul>

The latest earnings from General Dynamics Corporation indicated a robust start to 2024.Notably, there was a significant increase in total revenues, operating earnings, and net earnings compared to the previous year.The corporation revealed earnings of $2.88 per share on revenue of $10.7 billion, demonstrating an 8.6% increase compared to the first quarter of the previous year.

General Dynamics Corporation: 5 Critical Developments Including Its  Aerospace Program & Its Performance In Combat Systems! - Major Drivers

<ul><li>Based on the Fourth Quarter 2023 Earnings Conference Call details, General Electric (GE) has exhibited positive performance with substantial progress.</li><li>In 2023, GE tripled earnings and generated almost 70% more free cash flow.</li><li>GE Aerospace and GE Vernova played substantial roles, with the former showing double-digit revenue, profit, and cash growth due to robust demand in commercial engines and services.</li></ul>

Based on the Fourth Quarter 2023 Earnings Conference Call details, General Electric (GE) has exhibited positive performance with substantial progress.In 2023, GE tripled earnings and generated almost 70% more free cash flow.GE Aerospace and GE Vernova played substantial roles, with the former showing double-digit revenue, profit, and cash growth due to robust demand in commercial engines and services.

General Electric Company: These Are The 6 Fundamental Factors Driving Its Performance In 2024 & Beyond! - Financial Forecasts

<ul><li>General Dynamics Corporation's quarterly and full-year results for 2023 indicate a strong performance with increased revenues and operating earnings as well as modest earnings per share growth.</li><li>However, the growth rate for earnings per share was slower than expected due to higher net income in the previous year.</li><li>Sequentially, the company's results improved significantly, with increases in revenue, operating earnings, net earnings, and earnings per share.</li></ul>

General Dynamics Corporation's quarterly and full-year results for 2023 indicate a strong performance with increased revenues and operating earnings as well as modest earnings per share growth.However, the growth rate for earnings per share was slower than expected due to higher net income in the previous year.Sequentially, the company's results improved significantly, with increases in revenue, operating earnings, net earnings, and earnings per share.

General Dynamics:  Continued Growth In The Aerospace Sector Responsible For A Bullish Thesis? - Major Drivers

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Thematic (Sector/Industry)

<ul><li>Last month, the DOE published a paper about the <a href="https://liftoff.energy.gov/wp-content/uploads/2024/09/LIFTOFF_DOE_AdvNuclear-vX6.pdf" target="_blank" rel="noopener">commercial liftoff of Advanced Nuclear.</a> </li><li>Larry Ellison mentioned that SMRs (Small modular reactors) will power data centers in the future, and Microsoft will unshutter 3 Mile Island for one last puff of a half-smoked cigarette. Just a few years ago, it was closed for economic reasons.</li><li>This is going to be the first in a series about Nuclear Power. Today, I’ll talk about Nuclear Reactors and the basics.</li></ul>

Last month, the DOE published a paper about the commercial liftoff of Advanced Nuclear. Larry Ellison mentioned that SMRs (Small modular reactors) will power data centers in the future, and Microsoft will unshutter 3 Mile Island for one last puff of a half-smoked cigarette. Just a few years ago, it was closed for economic reasons.This is going to be the first in a series about Nuclear Power. Today, I’ll talk about Nuclear Reactors and the basics.

Nuclear Zeitgeist Part 1: A Reactor Primer

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

<ul>
<li>PHC Holding had raised US$645m in its Japan IPO in Oct 2021, after the deal was downsized and priced at the low-end.</li>
<li>PHC is engaged in the development, manufacturing and sale of healthcare devices and services. The company has three main segments: Diabetes Management; Healthcare Services; and Diagnosis/Life Science.</li>
<li>The pre-IPO shareholders will be released from the lockup today on 11th Apr 2022. Its largest shareholder is KKR, who still owns a 39% stake in the company. </li>
</ul>


PHC Holding had raised US$645m in its Japan IPO in Oct 2021, after the deal was downsized and priced at the low-end.
PHC is engaged in the development, manufacturing and sale of healthcare devices and services. The company has three main segments: Diabetes Management; Healthcare Services; and Diagnosis/Life Science.
The pre-IPO shareholders will be released from the lockup today on 11th Apr 2022. Its largest shareholder is KKR, who still owns a 39% stake in the company. 


PHC Holdings IPO Lock-Up - Stock Might Be Cheap but It’s Stuck with a US$1bn Overhang

United States

General Electric Company is a globally diversified technology and financial services company. The Company's products and services include aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing, and industrial products.

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General Electric (GE US)

General Dynamics Corporation: 5 Critical Developments Including Its Aerospace Program & Its Performance In Combat Systems! - Major Drivers

The latest earnings from General Dynamics Corporation indicated a robust start to 2024. Notably, there was a significant increase in total...

Baptista Research

General Electric Company: These Are The 6 Fundamental Factors Driving Its Performance In 2024 & Beyond! - Financial Forecasts

Based on the Fourth Quarter 2023 Earnings Conference Call details, General Electric (GE) has exhibited positive performance with substantial...

Baptista Research

General Dynamics: Continued Growth In The Aerospace Sector Responsible For A Bullish Thesis? - Major Drivers

General Dynamics Corporation's quarterly and full-year results for 2023 indicate a strong performance with increased revenues and operating...

Baptista Research

Nuclear Zeitgeist Part 1: A Reactor Primer

Last month, the DOE published a paper about the commercial liftoff of Advanced Nuclear. Larry Ellison mentioned that SMRs (Small modular...

Fabricated Knowledge

PHC Holdings IPO Lock-Up - Stock Might Be Cheap but It’s Stuck with a US$1bn Overhang

PHC Holding had raised US$645m in its Japan IPO in Oct 2021, after the deal was downsized and priced at the low-end. The lock-up on pre-IPO...

Sumeet Singh

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