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>This is our first report on game development software market leader, Unity Software.</li><li>The company’s stock has taken a beating loke most other software players with a negative bottom-line.</li><li>Its previous quarterly result was also below par despite the company generating $320 million, an increase of 36% from the previous year.</li></ul>

This is our first report on game development software market leader, Unity Software.The company’s stock has taken a beating loke most other software players with a negative bottom-line.Its previous quarterly result was also below par despite the company generating $320 million, an increase of 36% from the previous year.

Unity Software Inc.: Initiation of Coverage – IronSource Acquisition

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.

<ul>
<li>Sony and LEGO’s investment in Epic comes shortly after the official release of Unreal Engine 5 which promises to significantly improve efficiency for game designers and visual effects artists. </li>
<li>We had predicted that Sony and Epic would continue to drift closer and would eventually dominate the metaverse and this does nothing to change that view.</li>
<li>We discuss below the impact on some popular metaverse plays which investors seem to fail to realise are only metaverse plays because they can be shorted.</li>
</ul>


Sony and LEGO’s investment in Epic comes shortly after the official release of Unreal Engine 5 which promises to significantly improve efficiency for game designers and visual effects artists. 
We had predicted that Sony and Epic would continue to drift closer and would eventually dominate the metaverse and this does nothing to change that view.
We discuss below the impact on some popular metaverse plays which investors seem to fail to realise are only metaverse plays because they can be shorted.


Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul>
<li>On 22 December, there there were four global metaverse ETFs launched by the local asset management companies in Korea.</li>
<li>Two days after the launch, the combined market caps of these four ETFs have already reached 163 billion won.</li>
<li>These four ETFs have different components, they all have the following four stocks in common (AMD, Microsoft, Unity Software, and Nvidia). </li>
</ul>


On 22 December, there there were four global metaverse ETFs launched by the local asset management companies in Korea.
Two days after the launch, the combined market caps of these four ETFs have already reached 163 billion won.
These four ETFs have different components, they all have the following four stocks in common (AMD, Microsoft, Unity Software, and Nvidia). 


Launch of Global Metaverse ETFs by Local Asset Mgmt Companies & Update of Korean Metaverse ETFs

<ul>
<li>In this insight, we provide details of Roundhill Ball Metaverse ETF, which is the largest metaverse ETF in the world. </li>
<li>Roundhill Ball Metaverse ETF includes 8 Asian companies including Nintendo, Sony, and Samsung Electronics which could be beneficiaries of the metaverse growth world-wide. </li>
<li>The US and Korea have the biggest metaverse ETFs globally. Although the size of the metaverse ETFs is small right now, there is an enormous demand for metaverse ETFs globally. </li>
</ul>


In this insight, we provide details of Roundhill Ball Metaverse ETF, which is the largest metaverse ETF in the world. 
Roundhill Ball Metaverse ETF includes 8 Asian companies including Nintendo, Sony, and Samsung Electronics which could be beneficiaries of the metaverse growth world-wide. 
The US and Korea have the biggest metaverse ETFs globally. Although the size of the metaverse ETFs is small right now, there is an enormous demand for metaverse ETFs globally. 


Roundhill Ball Metaverse ETF: Largest Metaverse ETF Worldwide & Its Impact on Asian Metaverse Stocks

Latest News from the World’s Leading Innovators

Granite Bay Capital

An innovation focussed investment company

Granite Bay Capital is an innovation focussed investment company with a deep focus on the companies at the leading edge of innovation across major themes such as AI, ubiquitous computing, sustainability, automation and longevity.

<h2>Headline Development</h2><p>Hertz (HTZZ) just made the largest EV purchase ever, acquiring 100k Teslas (TLSA) for a reported $4.2b - half of which will go to Uber (UBER) drivers.  On top of this, Hertz will also invest significantly in EV charging infrastructure across its global operations.</p>

Headline DevelopmentHertz (HTZZ) just made the largest EV purchase ever, acquiring 100k Teslas (TLSA) for a reported $4.2b - half of which will go to Uber (UBER) drivers.  On top of this, Hertz will also invest significantly in EV charging infrastructure across its global operations.

United States

Unity Software Inc. provides software solutions. The Company offers graphic tools to create, run, and monetize real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. Unity Software serves customers worldwide.

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Unity Software (U US)

Unity Software Inc.: Initiation of Coverage – IronSource Acquisition

This is our first report on game development software market leader, Unity Software. The company’s stock has taken a beating loke most other...

Baptista Research

Sony – An Epic Funding Round

Sony and LEGO’s investment in Epic comes shortly after the official release of Unreal Engine 5. We discuss below the impact on some popular...

Mio Kato

Launch of Global Metaverse ETFs by Local Asset Mgmt Companies & Update of Korean Metaverse ETFs

On 22 December, there there were four global metaverse ETFs launched by the local asset management companies in Korea. The combined market caps of...

Douglas Kim

Roundhill Ball Metaverse ETF: Largest Metaverse ETF Worldwide & Its Impact on Asian Metaverse Stocks

In this insight, we provide details of Roundhill Ball Metaverse ETF, which is the largest metaverse ETF in the world. The US and Korea have the...

Douglas Kim

Weekly Innovation Review (WIRE) #55

Hertz (HTZZ) just made the largest EV purchase ever, acquiring 100k Teslas (TLSA) for a reported $4.2b - half of which will go...

Granite Bay Capital

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