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 Capital Markets

<ul><li>The year 2021 was a particularly historic one for Tesla and electric vehicles.</li><li>Although the management faced supply chain challenges throughout the year, they increased their volumes by nearly 90% which was truly remarkable.</li><li>Tesla is building Model Ys in Texas with the structural battery pack and 4680 cells, and they will start delivering after the vehicle receives final certification, which should happen soon.</li></ul>

The year 2021 was a particularly historic one for Tesla and electric vehicles.Although the management faced supply chain challenges throughout the year, they increased their volumes by nearly 90% which was truly remarkable.Tesla is building Model Ys in Texas with the structural battery pack and 4680 cells, and they will start delivering after the vehicle receives final certification, which should happen soon.

Tesla Inc.: Is The Cost Advantage Sustainable? 02/22

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul>
<li>Tesla beat CapIQ consensus for 4Q slightly, beating by 3.3% at the OP level and 6.5% at the top line. </li>
<li>Despite this, the reaction after hours was negative pointing to excessive froth in the name. </li>
<li>With the collapse in momentum for low quality small caps it seems reasonable to us to expect Tesla to be next.</li>
</ul>


Tesla beat CapIQ consensus for 4Q slightly, beating by 3.3% at the OP level and 6.5% at the top line. 
Despite this, the reaction after hours was negative pointing to excessive froth in the name. 
With the collapse in momentum for low quality small caps it seems reasonable to us to expect Tesla to be next.


Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<ul>
<li>Reuters confirmed the latest delay until mid-2023 for Cybertruck's rollout. </li>
<li>This is the latest in a string of pushed targets—won't likely be the last.</li>
<li>I suspect exciting new competition from more credible truck-makers may have chased Tesla back to the drawing board.</li>
</ul>


Reuters confirmed the latest delay until mid-2023 for Cybertruck's rollout. 
This is the latest in a string of pushed targets—won't likely be the last.
I suspect exciting new competition from more credible truck-makers may have chased Tesla back to the drawing board.


Tesla Cybertruck Delay Confirmed to Mid-2023—at Least.

<ul>
<li>
Tesla sold more cars in China in Q4 2021 than anywhere in the world. </li>
<li>
Model Y ramp-up continues, until it doesn't, while Model 3 struggles even harder to keep up. </li>
<li>Also true: Tesla is still losing market share in China—and every other key market.</li>
</ul>



Tesla sold more cars in China in Q4 2021 than anywhere in the world. 

Model Y ramp-up continues, until it doesn't, while Model 3 struggles even harder to keep up. 
Also true: Tesla is still losing market share in China—and every other key market.


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.

JL Mag Rare-Earth   / Equity Capital Markets

<ul>
<li>JL Mag Rare-earth Co. Ltd (JLM) raised around US$544m via its H-shares listing. </li>
<li>JLM is a producer of high-performance REPMs. It ranked first in the world by high-performance REPM production volume in 2020 with a market share of approximately 14.5%.</li>
<li>In this note, we look at the allocation results and trading dynamics.</li>
</ul>


JL Mag Rare-earth Co. Ltd (JLM) raised around US$544m via its H-shares listing. 
JLM is a producer of high-performance REPMs. It ranked first in the world by high-performance REPM production volume in 2020 with a market share of approximately 14.5%.
In this note, we look at the allocation results and trading dynamics.


JL Mag Rare Earth A/H Trading - Set for a Tepid Debut

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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Tesla (TSLA US)

Tesla Inc.: Is The Cost Advantage Sustainable? 02/22

The year 2021 was a particularly historic one for Tesla and electric vehicles. Although the management faced supply chain challenges throughout...

Baptista Research

Tesla – Starting to Look Safe to Short

Tesla beat CapIQ consensus for 4Q slightly, beating by 3.3% at the OP level and 6.5% at the top line. Despite this, the reaction after hours was...

Mio Kato

Tesla Cybertruck Delay Confirmed to Mid-2023—at Least.

Reuters confirmed the latest delay until mid-2023 for Cybertruck rollout, the latest in a string of pushed targets. Won't likely be the last as...

Vicki Bryan

Tesla's China Syndrome Will Spread

Tesla sold more cars in China in Q4 2021 than anywhere in the world. Model Y ramp-up continues, until it doesn't, while Model 3 struggles even...

Vicki Bryan

JL Mag Rare Earth A/H Trading - Set for a Tepid Debut

JL Mag Rare-earth Co. Ltd (JLM) raised around US$544m via its H-shares listing. In this note, we talk about the trading dynamics.

Sumeet Singh

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