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

Live Nation Entertainment, Inc / Equity Bottom-Up

<ul><li>Live Nation Entertainment has delivered an impressive performance in its third quarter of 2024, demonstrating strong forward-looking indicators across various segments of its operations.</li><li>A detailed examination of the earnings results reveals both positive aspects and potential areas of concern that could impact future performance.</li><li>Starting with Ticketmaster, Live Nation's ticketing segment, there has been robust activity with a reported 15% increase in sales in early October year-over-year.</li></ul>

Live Nation Entertainment has delivered an impressive performance in its third quarter of 2024, demonstrating strong forward-looking indicators across various segments of its operations.A detailed examination of the earnings results reveals both positive aspects and potential areas of concern that could impact future performance.Starting with Ticketmaster, Live Nation's ticketing segment, there has been robust activity with a reported 15% increase in sales in early October year-over-year.

Live Nation Entertainment: Food & Beverage Transformation As A Critical Growth Lever! - Major Drivers

<ul><li>Live Nation Entertainment reported a robust performance in the second quarter of 2024, reflecting a sustained demand for live entertainment despite varying regional dynamics.</li><li>The company’s broad spectrum of activities, including concert promotions, venue operations, ticketing services, and sponsorship, continues to draw significant consumer interest, underpinned by strategic promotions and a diverse event pipeline.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Live Nation Entertainment reported a robust performance in the second quarter of 2024, reflecting a sustained demand for live entertainment despite varying regional dynamics.The company’s broad spectrum of activities, including concert promotions, venue operations, ticketing services, and sponsorship, continues to draw significant consumer interest, underpinned by strategic promotions and a diverse event pipeline.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Live Nation Entertainment: A Story Of Expansion and Optimization of Venue Portfolio! - Major Drivers

<ul><li>Live Nation Entertainment, a leading events promoter and venue operator, delivered a solid performance in the first quarter of 2024, underscored by a 20% increase in concerts attendance in North America and continued expansion of its international business.</li><li>Driving this growth has been the company's persistent focus on consumer demand, effective operational strategies, and diversification into new markets and genres.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Live Nation Entertainment, a leading events promoter and venue operator, delivered a solid performance in the first quarter of 2024, underscored by a 20% increase in concerts attendance in North America and continued expansion of its international business.Driving this growth has been the company's persistent focus on consumer demand, effective operational strategies, and diversification into new markets and genres.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Live Nation Entertainment: 4 Pivotal Drivers Impacting Its Growth! - Financial Forecasts

<ul><li>This is our first report on entertainment major, Live Nation Entertainment.</li><li>The company has been experiencing an upward performance trajectory in the final quarter and full year of 2023.</li><li>The company's growth is informed by several business strategies, including deferred revenue, early planning, and shifting to outdoor amphitheaters.</li></ul>

This is our first report on entertainment major, Live Nation Entertainment.The company has been experiencing an upward performance trajectory in the final quarter and full year of 2023.The company's growth is informed by several business strategies, including deferred revenue, early planning, and shifting to outdoor amphitheaters.

Live Nation Entertainment Inc.: Initiation Of Coverage - Major Drivers

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>Hong Kong Alpha portfolio lost 2.9% in November, but has outperformed its benchmark by 4.9% since inception on October 1st.  It has outperformed HSI, HSCI and HSCEI by 9%.</li>
<li>Hong Kong Alpha has generated idiosyncratic returns during the market correction.  The portfolio has no exposure to energy, healthcare and property sectors. </li>
<li>We exit 4 positions at the end of the month and add positions in software, tech components, travel and restaurant sectors.</li>
</ul>


Hong Kong Alpha portfolio lost 2.9% in November, but has outperformed its benchmark by 4.9% since inception on October 1st.  It has outperformed HSI, HSCI and HSCEI by 9%.
Hong Kong Alpha has generated idiosyncratic returns during the market correction.  The portfolio has no exposure to energy, healthcare and property sectors. 
We exit 4 positions at the end of the month and add positions in software, tech components, travel and restaurant sectors.


HONG KONG ALPHA PORTFOLIO (November 2024)

United States

Live Nation Entertainment, Inc. produces live concerts and sells tickets to those events over the Internet. The Company also offers ticketing services for leading arenas, stadiums, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters.

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Live Nation Entertainment, Inc (LYV US)

Live Nation Entertainment: Food & Beverage Transformation As A Critical Growth Lever! - Major Drivers

Live Nation Entertainment has delivered an impressive performance in its third quarter of 2024, demonstrating strong forward-looking indicators...

Baptista Research

Live Nation Entertainment: A Story Of Expansion and Optimization of Venue Portfolio! - Major Drivers

Live Nation Entertainment reported a robust performance in the second quarter of 2024, reflecting a sustained demand for live entertainment...

Baptista Research

Live Nation Entertainment: 4 Pivotal Drivers Impacting Its Growth! - Financial Forecasts

Live Nation Entertainment, a leading events promoter and venue operator, delivered a solid performance in the first quarter of 2024, underscored...

Baptista Research

Live Nation Entertainment Inc.: Initiation Of Coverage - Major Drivers

This is our first report on entertainment major, Live Nation Entertainment. The company has been experiencing an upward performance trajectory in...

Baptista Research

HONG KONG ALPHA PORTFOLIO (November 2024)

Hong Kong Alpha portfolio continues to outperform during the market correction in HK/China stocks. We continue to like the consumer discretionary...

David Mudd

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