Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Thematic (Sector/Industry)

<ul>
<li>U.S. had 79,717 public EV stations (up 6.3% YOY) and 239,759 ports (up 1.9% YOY) as of November 2025; California led EV charging station count with 24.1% share.</li>
<li>ChargePoint dominates Level 2 chargers (33% share), while Tesla leads in DC Fast charging (54% of total DC ports). Electrify America and EVgo follow with ~8% and 7% shares.</li>
<li>Europe surpassed 1 million charge points; China reached 4.53 million public and 18.64 million total chargers by October 2025.</li>
</ul>


U.S. had 79,717 public EV stations (up 6.3% YOY) and 239,759 ports (up 1.9% YOY) as of November 2025; California led EV charging station count with 24.1% share.
ChargePoint dominates Level 2 chargers (33% share), while Tesla leads in DC Fast charging (54% of total DC ports). Electrify America and EVgo follow with ~8% and 7% shares.
Europe surpassed 1 million charge points; China reached 4.53 million public and 18.64 million total chargers by October 2025.


US EV Charging Infrastructure Tracker - November 2025

Event-Driven

Comcast Corporation provides media and television broadcasting services. The Company offers video streaming, television programming, high-speed internet, cable television, and communication services. Comcast serves customers worldwide.

<ul>
<li>Comcast-Versant separation creates two focused businesses, with Comcast retaining broadband and infrastructure assets while Versant operates standalone cable networks and digital platforms.</li>
<li>The spin-off to be completed on January 2, 2026. When-issued trading began on Dec 15, 2025, while regular way trading to commence from January 5, 2026.</li>
<li>Overall, separation enhances transparency, improves peer comparability, and offers investors differentiated exposure across media and connectivity assets.</li>
</ul>


Comcast-Versant separation creates two focused businesses, with Comcast retaining broadband and infrastructure assets while Versant operates standalone cable networks and digital platforms.
The spin-off to be completed on January 2, 2026. When-issued trading began on Dec 15, 2025, while regular way trading to commence from January 5, 2026.
Overall, separation enhances transparency, improves peer comparability, and offers investors differentiated exposure across media and connectivity assets.


Comcast (Nasdaq: CMCSA) To Spin-Off Versant Media on January 2

<ul>
<li>Next 50 Indices offers broader and faster-growing sector exposure to Industrials than the STI, with twice the number of industrial constituents and stronger revenue momentum</li>
<li>Industrials within the Next50 Indices were observed to have healthier balance sheets with more attractive valuations and higher dividend yields versus large-cap STI peers</li>
<li>For investors seeking greater industrial growth optionality in Singapore, the Next 50 presents a differentiated and compelling opportunity set.</li>
</ul>


Next 50 Indices offers broader and faster-growing sector exposure to Industrials than the STI, with twice the number of industrial constituents and stronger revenue momentum
Industrials within the Next50 Indices were observed to have healthier balance sheets with more attractive valuations and higher dividend yields versus large-cap STI peers
For investors seeking greater industrial growth optionality in Singapore, the Next 50 presents a differentiated and compelling opportunity set.


Singapore Industrials Beyond the STI: A Differentiated Opportunity in the Next 50 Index

Unilever PLC manufactures personal care products. The Company offers consumer goods, food, detergents, fragrances, beauty, home, and personal care products. Unilever serves customers worldwide.

<ul>
<li>Unilever is set to complete the spin-off of its ice cream business by December 6, 2025. The new company will start trading from December 8, 2025.</li>
<li>The Magnum Ice Cream Company lists with ~€8 billion in revenue and improving margins, though elevated leverage post-spin is a concern.</li>
<li>Unilever’s ice cream spin-off streamlines its portfolio, but valuation uplift appears limited.</li>
</ul>


Unilever is set to complete the spin-off of its ice cream business by December 6, 2025. The new company will start trading from December 8, 2025.
The Magnum Ice Cream Company lists with ~€8 billion in revenue and improving margins, though elevated leverage post-spin is a concern.
Unilever’s ice cream spin-off streamlines its portfolio, but valuation uplift appears limited.


Unilever PLC to Spin Off Ice Cream Business on December 6

DuPont de Nemours, Inc. operates as a chemical company. The Company offers elastomeric photopolymer printing plates, structural and elastic adhesives, fluids, reinforcing composites, foams, coatings, rubber and elastomers, topical ingredients, food ingredients, animal nutrition, biomaterials, water purification technologies, and fibers.

<ul>
<li>On November 1, 2025, DuPont (NYSE: DD) completed the separation of its Electronics business as Qnity Electronics, Inc. (NYSE: Q), into a separate public company.</li>
<li>Regular-Way trading commenced on November 3, 2025.DD gained 2.97%, while Q lost -1.02% on the first day of regular way trading.</li>
<li>On an overall basis, DD (consolidated) gained 5.91% since the spin-off announcement on May 22, 2024, underperforming S&amp;P 500 which gained 29.1% during the same period.</li>
</ul>


On November 1, 2025, DuPont (NYSE: DD) completed the separation of its Electronics business as Qnity Electronics, Inc. (NYSE: Q), into a separate public company.
Regular-Way trading commenced on November 3, 2025.DD gained 2.97%, while Q lost -1.02% on the first day of regular way trading.
On an overall basis, DD (consolidated) gained 5.91% since the spin-off announcement on May 22, 2024, underperforming S&amp;P 500 which gained 29.1% during the same period.


DuPont Completes the Spin-Off of Qnity Electronics Inc.; Regular Way Trading Commences

GSBR Research
Leading Provider of Equity and Investment Research

US EV Charging Infrastructure Tracker - November 2025

The pace of growth of EV charging infrastructure in the U.S. remains modest. China, on the other hand, continues to extend its lead in EV charging....

GSBR Research

Comcast (Nasdaq: CMCSA) To Spin-Off Versant Media on January 2

Comcast-Versant separation creates focused businesses, enhancing transparency and offering investors differentiated exposure across media and...

GSBR Research

Singapore Industrials Beyond the STI: A Differentiated Opportunity in the Next 50 Index

Next 50 Indices provide more diverse and faster-growing industrial sector exposure in Singapore compared to STI, with stronger revenue momentum,...

GSBR Research

Unilever PLC to Spin Off Ice Cream Business on December 6

Unilever to spin off ice cream business by December 6, 2025, new company to start trading on December 8. Overall, spin-off unlikely to create...

GSBR Research

DuPont Completes the Spin-Off of Qnity Electronics Inc.; Regular Way Trading Commences

DuPont (DD) shares have jumped 21% since the regular way trading began on November 3, 2025. We had a bullish view on DD compared to its spin-off...

GSBR Research

US EV Charging Infrastructure Tracker - November 2025

The pace of growth of EV charging infrastructure in the U.S. remains modest. China, on the other hand, continues to extend its lead in EV charging....

GSBR Research

Comcast (Nasdaq: CMCSA) To Spin-Off Versant Media on January 2

​Comcast-Versant separation creates focused businesses, enhancing transparency and offering investors differentiated exposure across media and...

GSBR Research

Singapore Industrials Beyond the STI: A Differentiated Opportunity in the Next 50 Index

​Next 50 Indices provide more diverse and faster-growing industrial sector exposure in Singapore compared to STI, with stronger revenue momentum,...

GSBR Research

Unilever PLC to Spin Off Ice Cream Business on December 6

​Unilever to spin off ice cream business by December 6, 2025, new company to start trading on December 8. Overall, spin-off unlikely to create...

GSBR Research

DuPont Completes the Spin-Off of Qnity Electronics Inc.; Regular Way Trading Commences

DuPont (DD) shares have jumped 21% since the regular way trading began on November 3, 2025. We had a bullish view on DD compared to its spin-off...

GSBR Research

Comcast-Versant separation creates focused businesses, enhancing transparency and offering investors differentiated exposure across media and...

Next 50 Indices provide more diverse and faster-growing industrial sector exposure in Singapore compared to STI, with stronger revenue momentum,...

Unilever to spin off ice cream business by December 6, 2025, new company to start trading on December 8. Overall, spin-off unlikely to create...