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>WESCO International Inc. recently reported its financial results for the second quarter of 2024, showcasing a complex financial picture amidst a challenging economic environment.</li><li>The global provider of supply chain solutions and electrical products experienced a slight decline in overall sales, which did not fully meet the company’s expectations.</li><li>The total organic sales decreased by less than 1%, influenced by a mixed and multi speed economic background.</li></ul>

WESCO International Inc. recently reported its financial results for the second quarter of 2024, showcasing a complex financial picture amidst a challenging economic environment.The global provider of supply chain solutions and electrical products experienced a slight decline in overall sales, which did not fully meet the company’s expectations.The total organic sales decreased by less than 1%, influenced by a mixed and multi speed economic background.

WESCO International: Initiation Of Coverage - An Insight Into Its Core Business Strategy! - Major Drivers

<ul><li>Woodward, Inc. presented its financial results and operational achievements for the third quarter of fiscal year 2024.</li><li>From a financial perspective, Woodward reported net sales of $848 million in the third quarter, marking a 6% increase from the previous year.</li><li>The increase was primarily supported by growth in the Aerospace segment, which saw an 8% rise to $518 million.</li></ul>

Woodward, Inc. presented its financial results and operational achievements for the third quarter of fiscal year 2024.From a financial perspective, Woodward reported net sales of $848 million in the third quarter, marking a 6% increase from the previous year.The increase was primarily supported by growth in the Aerospace segment, which saw an 8% rise to $518 million.

Woodward Inc.: Initiation Of Coverage - Expanded Presence in the Chinese Market & Other Major Drivers

Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Equity Capital Markets and Advisory Business

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector. The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space. Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. Auctus provides Corporate Broking, Equity Research and Investment Banking services.

<ul><li>• Condor has received a second natural gas allocation to feed the second modular LNG plant near the Kuryk Port on the Caspian Sea.</li><li>• The natural gas allocation will allow the company to produce the energy equivalent of 565,000 litres of diesel per day (~400 t/d of LNG).</li><li>• This is line with the company’s targets and is a key milestone in derisking the Kuryk plant.</li></ul>

• Condor has received a second natural gas allocation to feed the second modular LNG plant near the Kuryk Port on the Caspian Sea.• The natural gas allocation will allow the company to produce the energy equivalent of 565,000 litres of diesel per day (~400 t/d of LNG).• This is line with the company’s targets and is a key milestone in derisking the Kuryk plant.

Condor Energies Inc. (TSX: CDR): Further feed gas allocation in Kazakhstan is key step to derisking the 2nd high value LNG plant

<ul><li>WEX's Q2 2024 results present a mixed bag of performance and outlooks reflecting challenges alongside achievements.</li><li>The company registered a record quarterly revenue of $673 million, an 8% year-over-year increase, attributable to growth across all three segments.</li><li>Adjusted net income per diluted share was $3.91, marking an 8% climb from the previous year.</li></ul>

WEX's Q2 2024 results present a mixed bag of performance and outlooks reflecting challenges alongside achievements.The company registered a record quarterly revenue of $673 million, an 8% year-over-year increase, attributable to growth across all three segments.Adjusted net income per diluted share was $3.91, marking an 8% climb from the previous year.

WEX Inc.: Initiation Of Coverage - A Focused Approach on Electric Vehicle Market Integration & Other Major Drivers

Thematic (Sector/Industry)

<ul><li>AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX CN)C; Target price A$0.75 per share: Production boost at Anshof in October – The ANS-2A sidetrack well has encountered a 6.5 m net vertical oil column in high quality Eocene-aged sandstone reservoir.</li><li>The reservoir quality encountered at ANS-2A is consistent with ANS-2 (porosity and permeability ~20% higher than at ANS-3).</li><li>The oil-water contact was encountered very close to the top of the water wet reservoir encountered at ANS-2.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX CN)C; Target price A$0.75 per share: Production boost at Anshof in October – The ANS-2A sidetrack well has encountered a 6.5 m net vertical oil column in high quality Eocene-aged sandstone reservoir.The reservoir quality encountered at ANS-2A is consistent with ANS-2 (porosity and permeability ~20% higher than at ANS-3).The oil-water contact was encountered very close to the top of the water wet reservoir encountered at ANS-2.

WESCO International: Initiation Of Coverage - An Insight Into Its Core Business Strategy! - Major Drivers

WESCO International Inc. recently reported its financial results for the second quarter of 2024, showcasing a complex financial picture amidst a...

Baptista Research

Woodward Inc.: Initiation Of Coverage - Expanded Presence in the Chinese Market & Other Major Drivers

Woodward, Inc. presented its financial results and operational achievements for the third quarter of fiscal year 2024. From a financial...

Baptista Research

Condor Energies Inc. (TSX: CDR): Further feed gas allocation in Kazakhstan is key step to derisking the 2nd high value LNG plant

• Condor has received a second natural gas allocation to feed the second modular LNG plant near the Kuryk Port on the Caspian Sea. • The natural...

Auctus Advisors

WEX Inc.: Initiation Of Coverage - A Focused Approach on Electric Vehicle Market Integration & Other Major Drivers

WEX's Q2 2024 results present a mixed bag of performance and outlooks reflecting challenges alongside achievements. The company registered a...

Baptista Research

AUCTUS ON FRIDAY - 20/09/2024

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX CN)C; Target price A$0.75 per share: Production boost at Anshof in...

Auctus Advisors