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>Southern Copper Corporation delivered a strong result and managed an all-around beat in the last quarter, demonstrating resilience and adaptability.</li><li>Copper, constituting a significant 75% of their sales, faced a marginal 9% decline in production, primarily due to diminished ore grades in the Cuajone mine.</li><li>Amidst these challenges, Southern Copper remained proactive, predicting a 6% increase in copper production for the year 2023, aiming for 917,000 tons.</li></ul>

Southern Copper Corporation delivered a strong result and managed an all-around beat in the last quarter, demonstrating resilience and adaptability.Copper, constituting a significant 75% of their sales, faced a marginal 9% decline in production, primarily due to diminished ore grades in the Cuajone mine.Amidst these challenges, Southern Copper remained proactive, predicting a 6% increase in copper production for the year 2023, aiming for 917,000 tons.

Southern Copper Corporation: Can It Defy The Odds? - Major Drivers

<ul><li>Southern Copper Corporation delivered disappointing results as the company could not meet the revenue and earnings expectations of Wall Street.</li><li>Another element that is having an impact on the copper market is low copper inventories.</li><li>We give Southern Copper Corporation a 'Hold' rating with a revised target price.</li></ul>

Southern Copper Corporation delivered disappointing results as the company could not meet the revenue and earnings expectations of Wall Street.Another element that is having an impact on the copper market is low copper inventories.We give Southern Copper Corporation a 'Hold' rating with a revised target price.

Southern Copper Corporation: Is the Decline of the Copper Market Affecting Their Revenue? – Major Drivers

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>Low-Cost producer of copper and zinc with two of the biggest  ten mines in the world.</li>
<li>Recent mine acquisition and increased production at existing mines will grow earnings.</li>
<li>The supply and demand imbalance in copper will lead to higher prices.</li>
</ul>


Low-Cost producer of copper and zinc with two of the biggest  ten mines in the world.
Recent mine acquisition and increased production at existing mines will grow earnings.
The supply and demand imbalance in copper will lead to higher prices.


Mmg Limited 1208.HK - It's Got It All - Copper, EV's, and AI!

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mmg-ltd" target="_blank" data-smartkarma-citation="entities:13961:1" rel="noopener">Mmg Ltd (1208 HK)</a> today announced a 2:5 Rights Offering to raise US$1.15bn at HK$2.62/share in order to pay down debt from their recent Botswanan copper mine acquisition. </li>
<li>It was a sizeable acquisition, and the near-term EV/EBITDA of the acquisition is 10x or above. The longer-term EV/EBITDA is in the 3s based on expansion later this decade.</li>
<li>The Rights Offering is underwritten, supported by its 67.5% owner. SOUTHBOUND holds 10+%. There are short dynamics, arb dynamics, "don't wanna spend more" dynamics. There's a path here.</li>
</ul>



Mmg Ltd (1208 HK) today announced a 2:5 Rights Offering to raise US$1.15bn at HK$2.62/share in order to pay down debt from their recent Botswanan copper mine acquisition. 
It was a sizeable acquisition, and the near-term EV/EBITDA of the acquisition is 10x or above. The longer-term EV/EBITDA is in the 3s based on expansion later this decade.
The Rights Offering is underwritten, supported by its 67.5% owner. SOUTHBOUND holds 10+%. There are short dynamics, arb dynamics, "don't wanna spend more" dynamics. There's a path here.


MMG (1208 HK) - $1.1bn+ Rights Offering - Expect Regular Rights Trading Dynamics

Independent Sell Side Equity Research Analyst, ChartSmarter

Douglas Busch

Independent Sell Side Equity Research Analyst

ChartSmarter

ChartSmarter is a service dedicated to the art of technical analysis.

On a daily basis we write up actionable ideas on a specific, major S&P sector on both the long and short side, in an easy yet thorough way. In the notes we give precise entries and exits, while looking to capture the "meat" of a trend.

Technical Analysis.

Technical Analysis

<ul>
<li>S&amp;P 5700 year end target remains intact after MONTHLY breakout. </li>
<li>Copper and silver rally to resume with dollar potentially falling.</li>
<li>Semis continue to lead tech and look for software to join.</li>
</ul>


S&amp;P 5700 year end target remains intact after MONTHLY breakout. 
Copper and silver rally to resume with dollar potentially falling.
Semis continue to lead tech and look for software to join.


United States

Southern Copper Corporation conducts mining operations in Peru and Mexico.  The Company owns and operates open pit mines and metallurgical complexes that produce copper, molybdenum, zinc, and precious metals.

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Southern Copper (SCCO US)

Southern Copper Corporation: Can It Defy The Odds? - Major Drivers

Southern Copper Corporation delivered a strong result and managed an all-around beat in the last quarter, demonstrating resilience and...

Baptista Research

Southern Copper Corporation: Is the Decline of the Copper Market Affecting Their Revenue? – Major Drivers

Southern Copper Corporation delivered disappointing results as the company could not meet the revenue and earnings expectations of Wall...

Baptista Research

Mmg Limited 1208.HK - It's Got It All - Copper, EV's, and AI!

The stock is breaking out of a 3 year range today, with copper prices continuing to move up. We continue to like this stock and also Sumitomo...

Rikki Malik

MMG (1208 HK) - $1.1bn+ Rights Offering - Expect Regular Rights Trading Dynamics

Copper miner MMG (1208 HK) bought another copper mine this spring and needs to pay off the bridge loan. Thus a rights offering. It starts cheap....

Travis Lundy

Commodity Comeback

S&P 5700 year-end target remains intact after breakout, copper and silver rally expected as dollar falls, semis leading tech with software to follow.

Douglas Busch

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Southern Copper Corporation: Can It Defy The Odds? - Major Drivers

Southern Copper Corporation delivered a strong result and managed an all-around beat in the last quarter, demonstrating resilience and...

Baptista Research

Southern Copper Corporation: Is the Decline of the Copper Market Affecting Their Revenue? – Major Drivers

Southern Copper Corporation delivered disappointing results as the company could not meet the revenue and earnings expectations of Wall...

Baptista Research

Mmg Limited 1208.HK - It's Got It All - Copper, EV's, and AI!

The stock is breaking out of a 3 year range today, with copper prices continuing to move up. We continue to like this stock and also Sumitomo...

Rikki Malik

MMG (1208 HK) - $1.1bn+ Rights Offering - Expect Regular Rights Trading Dynamics

Copper miner MMG (1208 HK) bought another copper mine this spring and needs to pay off the bridge loan. Thus a rights offering. It starts cheap....

Travis Lundy

Commodity Comeback

​S&P 5700 year-end target remains intact after breakout, copper and silver rally expected as dollar falls, semis leading tech with software to follow.

Douglas Busch

S&P 5700 year-end target remains intact after breakout, copper and silver rally expected as dollar falls, semis leading tech with software to follow.