Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Equity Capital Markets

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<a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> shares had a breakout relative to the MSCI China index and showing good momentum during the low volume days of summer.  
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<a href="https://www.smartkarma.com/entities/power-assets-holdings-ltd" target="_blank" data-smartkarma-citation="entities:788:1" rel="noopener">POWER ASSETS HOLDINGS (6 HK)</a> has shown a breakout relative to MSCI Hong Kong with a defensive business and 5%+ dividend yield. 
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<a href="https://www.smartkarma.com/entities/wh-group-ltd" target="_blank" data-smartkarma-citation="entities:13200:1" rel="noopener">WH GROUP (288 HK)</a> has also shown a breakout relative to the MSCI Hong Kong after its announcement of the spinoff of Smithfield Foods in the US. 
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BYD (1211 HK) shares had a breakout relative to the MSCI China index and showing good momentum during the low volume days of summer.  


POWER ASSETS HOLDINGS (6 HK) has shown a breakout relative to MSCI Hong Kong with a defensive business and 5%+ dividend yield. 


WH GROUP (288 HK) has also shown a breakout relative to the MSCI Hong Kong after its announcement of the spinoff of Smithfield Foods in the US. 



Technically Speaking, Breakouts and Breakdowns: HONG KONG (July 24)

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>Hormel Foods Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Additionally, Hormel Foods recently introduced an LTO for the fall season: apple cider donut-flavored cashews, which the team anticipates will increase category volume and attention.</li><li>Hormel Foods noticed a recovery across the turkey portfolio in its Retail segment and increased volume in important categories.</li></ul>

Hormel Foods Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.Additionally, Hormel Foods recently introduced an LTO for the fall season: apple cider donut-flavored cashews, which the team anticipates will increase category volume and attention.Hormel Foods noticed a recovery across the turkey portfolio in its Retail segment and increased volume in important categories.

Hormel Foods Corporation: Unveiling the Powerhouses Behind Their Volume Boost! - Major Drivers

<ul><li>Hormel Foods Corporation delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.</li><li>The company made progress in rectifying inefficiencies and plans to responsibly manage and lower inventory levels in the future despite the margin impact from inventory adjustments.</li><li>We give Hormel Foods Corporation a 'Hold' rating with a revised target price.</li></ul>

Hormel Foods Corporation delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.The company made progress in rectifying inefficiencies and plans to responsibly manage and lower inventory levels in the future despite the margin impact from inventory adjustments.We give Hormel Foods Corporation a 'Hold' rating with a revised target price.

Hormel Foods Corporation: Does It Have Any Kind Of Competitive Advantage? – Key Drivers

Credit

<ul><li>Hormel Foods Corporation is one of the leading protein food companies across the globe.</li><li>It has a strong portfolio of brands and operates in the same domain as Smithfield Foods and Tyson Foods.</li><li>Sales in the company’s retail channel have been increasing for Hormel, led by brands like Mary Kitchen, Hormel Square Table, Dinty Moore, Hormel Natural Choice, SKIPPY, and SPAM.</li></ul>

Hormel Foods Corporation is one of the leading protein food companies across the globe.It has a strong portfolio of brands and operates in the same domain as Smithfield Foods and Tyson Foods.Sales in the company’s retail channel have been increasing for Hormel, led by brands like Mary Kitchen, Hormel Square Table, Dinty Moore, Hormel Natural Choice, SKIPPY, and SPAM.

Hormel Foods Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on Hormel Foods Corporation, one of the leading protein food companies across the globe.</li><li>Hormel achieved another quarter of growth in organic sales led by its solid performances from its food service businesses and its center store grocery portfolio.</li><li>In the quarter, Hormel saw growth from its food and ethnic forward portfolios.</li></ul>

This is our first report on Hormel Foods Corporation, one of the leading protein food companies across the globe.Hormel achieved another quarter of growth in organic sales led by its solid performances from its food service businesses and its center store grocery portfolio.In the quarter, Hormel saw growth from its food and ethnic forward portfolios.

Hormel Foods Corporation: Initiation of Coverage – Investment In Garudafood & Other Drivers

United States

Hormel Foods Corporation manufactures and markets consumer-branded meat and food products.  The Company processes meat and poultry products and produces a variety of prepared foods.  Hormel markets its products around the world under a variety of branded names.

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Hormel Foods (HRL US)

Technically Speaking, Breakouts and Breakdowns: HONG KONG (July 24)

BYD Company, Power Assets and WH Group all experienced breakouts during the week. WH Group announced a spin off of its Smithfield Foods business...

David Mudd

Hormel Foods Corporation: Unveiling the Powerhouses Behind Their Volume Boost! - Major Drivers

Hormel Foods Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the...

Baptista Research

Hormel Foods Corporation: Does It Have Any Kind Of Competitive Advantage? – Key Drivers

Hormel Foods Corporation delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus. The company made...

Baptista Research

Hormel Foods Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

Hormel Foods Corporation is one of the leading protein food companies across the globe. It has a strong portfolio of brands and operates in the...

Baptista Research

Hormel Foods Corporation: Initiation of Coverage – Investment In Garudafood & Other Drivers

This is our first report on Hormel Foods Corporation, one of the leading protein food companies across the globe. Hormel achieved another quarter...

Baptista Research

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