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>Teck Resources Limited recently announced its third-quarter financial results, reflecting significant developments and operational achievements.</li><li>The company successfully completed the sale of its Steelmaking Coal business, marking its transition to a pure-play energy transition metals company.</li><li>This provided Teck Resources with substantial liquidity, receiving USD 7.3 billion in cash, which fundamentally strengthened its financial position.</li></ul>

Teck Resources Limited recently announced its third-quarter financial results, reflecting significant developments and operational achievements.The company successfully completed the sale of its Steelmaking Coal business, marking its transition to a pure-play energy transition metals company.This provided Teck Resources with substantial liquidity, receiving USD 7.3 billion in cash, which fundamentally strengthened its financial position.

Teck Resources Limited: Its Recent Strategic Project Development & Capital Management Driving Our Bullishness! - Major Drivers

<ul><li>Teck Resources Limited, a diversified resource company, has undergone significant transformation, particularly emphasized in its Q2 2024 earnings report.</li><li>The sale of its steelmaking coal business has strategically repositioned Teck as a company with a pure focus on metals vital for global development and the transition to renewable energy.</li><li>This report encapsulates both the financial and operational milestones reached during the quarter, alongside future prospects and challenges.</li></ul>

Teck Resources Limited, a diversified resource company, has undergone significant transformation, particularly emphasized in its Q2 2024 earnings report.The sale of its steelmaking coal business has strategically repositioned Teck as a company with a pure focus on metals vital for global development and the transition to renewable energy.This report encapsulates both the financial and operational milestones reached during the quarter, alongside future prospects and challenges.

Teck Resources Limited: Expanding Copper Production Capacity & An Insight Into Its Business Strategy! - Major Drivers

<ul><li>Teck Resources Limited presented their first-quarter 2024 earnings with mixed results and robust strategic endeavors, reflecting a complex but promising operational environment.</li><li>The company successfully completed all major construction at QB including the ship loader and molybdenum plant, marking a significant step in enhancing their production capacity.</li><li>The completion of these facilities aligns with Teck's strategic shift towards expanding its copper production capabilities, a pivotal move given the looming global demand associated with the transition to a low-carbon economy.</li></ul>

Teck Resources Limited presented their first-quarter 2024 earnings with mixed results and robust strategic endeavors, reflecting a complex but promising operational environment.The company successfully completed all major construction at QB including the ship loader and molybdenum plant, marking a significant step in enhancing their production capacity.The completion of these facilities aligns with Teck's strategic shift towards expanding its copper production capabilities, a pivotal move given the looming global demand associated with the transition to a low-carbon economy.

Teck Resources Limited: Its Growth Story Through Advanced Projects and Infrastructure Investments & Other Major Drivers

<ul><li>This is our first report on natural resource exploration player, Teck Resources Limited.</li><li>The company showed a strong fourth quarter performance across their business, advancing operations at QB and reporting a record-breaking quarterly copper production.</li><li>This also led to an Adjusted EBITDA of $1.7 billion in Q4 and $6.4 billion for the year.</li></ul>

This is our first report on natural resource exploration player, Teck Resources Limited.The company showed a strong fourth quarter performance across their business, advancing operations at QB and reporting a record-breaking quarterly copper production.This also led to an Adjusted EBITDA of $1.7 billion in Q4 and $6.4 billion for the year.

Teck Resources Limited: Initiation Of Coverage  - 6 Growth Catalysts

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Commodities

<ul>
<li>With China's slew of stimulus measures released last month, we are confident that copper prices will break 10,000 USD/ton soon. </li>
<li>The COMEX spread with LME has now started to build up to over 300 USD/ton, signaling that macro funds are getting bullish on copper.</li>
<li>We continue to like the equity route to play copper with pure plays like <a href="https://www.smartkarma.com/entities/southern-copper-corp" target="_blank" data-smartkarma-citation="entities:16279:1" rel="noopener">Southern Copper (SCCO US)</a> , <a href="https://www.smartkarma.com/entities/ivanhoe-mines-ltd" target="_blank" data-smartkarma-citation="entities:25338:1" rel="noopener">Ivanhoe Mines (IVN CN)</a>, and <a href="https://www.smartkarma.com/entities/teck-resources-ltd-36dbdad5-1430-4d7a-8578-31bc50086f72" target="_blank" data-smartkarma-citation="entities:33343:1" rel="noopener">Teck Resources (TECK US)</a>.</li>
</ul>


With China's slew of stimulus measures released last month, we are confident that copper prices will break 10,000 USD/ton soon. 
The COMEX spread with LME has now started to build up to over 300 USD/ton, signaling that macro funds are getting bullish on copper.
We continue to like the equity route to play copper with pure plays like Southern Copper (SCCO US) , Ivanhoe Mines (IVN CN), and Teck Resources (TECK US).


Copper Tracker Oct 7th, 2024: Copper Set to Pass 10,000 USD/Ton

Canada

Teck Resources Ltd. is an integrated natural resource group with activities in mining, smelting, and refining.  The Company mines zinc, copper, molybdenum, gold, and metallurgical coal in the United States, Canada, Peru, and Chile. Teck also produces refined metals, specialized metal products, and other products.

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Teck Resources (TECK US)

Teck Resources Limited: Its Recent Strategic Project Development & Capital Management Driving Our Bullishness! - Major Drivers

Teck Resources Limited recently announced its third-quarter financial results, reflecting significant developments and operational...

Baptista Research

Teck Resources Limited: Expanding Copper Production Capacity & An Insight Into Its Business Strategy! - Major Drivers

Teck Resources Limited, a diversified resource company, has undergone significant transformation, particularly emphasized in its Q2 2024 earnings...

Baptista Research

Teck Resources Limited: Its Growth Story Through Advanced Projects and Infrastructure Investments & Other Major Drivers

Teck Resources Limited presented their first-quarter 2024 earnings with mixed results and robust strategic endeavors, reflecting a complex but...

Baptista Research

Teck Resources Limited: Initiation Of Coverage - 6 Growth Catalysts

This is our first report on natural resource exploration player, Teck Resources Limited. The company showed a strong fourth quarter performance...

Baptista Research

Copper Tracker Oct 7th, 2024: Copper Set to Pass 10,000 USD/Ton

With the slew of Chinese stimulus measures, we discuss how to play the copper price increasing beyond 10,000 USD/ton in the near-term.

Sameer Taneja

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