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>Recently, Amkor Technology detailed its results from the first quarter of 2024, showcasing a robust investment case characterized by substantial revenue growth, innovative technological advances, and strategic partnerships.</li><li>While the revenues of the company stood at $1.37 billion, representing a 7% year-on-year decline, this was largely due to the considerable downturn from the automotive and industrial markets following a multi-quarter industry cycle.</li><li>However, the company remains positive about potential market recovery signs and increased demand for its specialized products and services.</li></ul>

Recently, Amkor Technology detailed its results from the first quarter of 2024, showcasing a robust investment case characterized by substantial revenue growth, innovative technological advances, and strategic partnerships.While the revenues of the company stood at $1.37 billion, representing a 7% year-on-year decline, this was largely due to the considerable downturn from the automotive and industrial markets following a multi-quarter industry cycle.However, the company remains positive about potential market recovery signs and increased demand for its specialized products and services.

Amkor Technology: IoT Wearables and AR/VR Technologies & 5 Major Growth Drivers

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) (TSM US)

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>Taiwan Tech Rebounds Sharply Alongside Major Nvidia/U.S. Tech Rebound Last Week. Wave of Major Earnings Releases This Week -- See Our Key Events Section.</li>
<li>Apple's Latest Supplier List Released Last Week -- Nanya Tech, Lotes, and Novatek Dropped. New List Shows Apple Struggling to Diversify from China.</li>
<li>Apple iOS 18 Will Heavily Feature Edge AI Running Locally on the iPhone for User' Privacy and Security -- We Believe This Could Be a Major Driver of Phone Upgrades</li>
</ul>


Taiwan Tech Rebounds Sharply Alongside Major Nvidia/U.S. Tech Rebound Last Week. Wave of Major Earnings Releases This Week -- See Our Key Events Section.
Apple's Latest Supplier List Released Last Week -- Nanya Tech, Lotes, and Novatek Dropped. New List Shows Apple Struggling to Diversify from China.
Apple iOS 18 Will Heavily Feature Edge AI Running Locally on the iPhone for User' Privacy and Security -- We Believe This Could Be a Major Driver of Phone Upgrades


Taiwan Tech Weekly: Major Week of Earnings; Apple's Edge AI Could Make Your Current IPhone Obsolete

<ul><li>Amkor Technology, Inc.'s Q4 2023 earnings call outlined a year of challenges due to macroeconomic headwinds, excess inventory, and geopolitical tensions, which led to an 8% decline in annual revenue.</li><li>However, the firm also reported steady performance with Q4 revenue standing at $1.75 billion and full-year revenue at $6.5 billion.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Amkor Technology, Inc.'s Q4 2023 earnings call outlined a year of challenges due to macroeconomic headwinds, excess inventory, and geopolitical tensions, which led to an 8% decline in annual revenue.However, the firm also reported steady performance with Q4 revenue standing at $1.75 billion and full-year revenue at $6.5 billion.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Amkor Technology: Engagement in Secular Growth Markets & Other Major Drivers

<ul><li>Amkor Technology delivered an all-around beat in the most recent quarterly result, surpassing revenue and profitability expectations.</li><li>Despite a year-to-date revenue decrease of 8% compared to the previous year, Amkor outperformed the estimated semiconductor industry decline of over 15%.</li><li>Despite an anticipated decline in overall smartphone units, the communication end market experienced significant third-quarter revenue, surpassing $1 billion.</li></ul>

Amkor Technology delivered an all-around beat in the most recent quarterly result, surpassing revenue and profitability expectations.Despite a year-to-date revenue decrease of 8% compared to the previous year, Amkor outperformed the estimated semiconductor industry decline of over 15%.Despite an anticipated decline in overall smartphone units, the communication end market experienced significant third-quarter revenue, surpassing $1 billion.

Amkor Technology Inc.: Beating the Odds in Semiconductor Industry! - Major Drivers

<ul><li>Amkor Technology, Inc. delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings.</li><li>Amkor met its estimates for the second quarter with revenue of $1.46 billion and EPS of $0.26.</li><li>Due to decreased end-market demand, particularly in the Android supply chain, inventory consumption is taking longer than expected.</li></ul>

Amkor Technology, Inc. delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings.Amkor met its estimates for the second quarter with revenue of $1.46 billion and EPS of $0.26.Due to decreased end-market demand, particularly in the Android supply chain, inventory consumption is taking longer than expected.

Amkor Technology Inc.: The Unseen Forces Propelling Demand! - Major Drivers

United States

Amkor Technology, Inc. provides semiconductor packaging and test services.  The Company offers deep submicron wafer fabrication, wafer probe testing, integrated circuit packaging assembly and design, final testing, reliability testing, burn-in, and electrical characterization.

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Amkor Technology (AMKR US)

Amkor Technology: IoT Wearables and AR/VR Technologies & 5 Major Growth Drivers

Recently, Amkor Technology detailed its results from the first quarter of 2024, showcasing a robust investment case characterized by substantial...

Baptista Research

Taiwan Tech Weekly: Major Week of Earnings; Apple's Edge AI Could Make Your Current IPhone Obsolete

Taiwan rebounded strongly last week alongside Nvidia and U.S. tech. This week will be another major earnings week. Apple's edge AI for user privacy...

Vincent Fernando, CFA

Amkor Technology: Engagement in Secular Growth Markets & Other Major Drivers

Amkor Technology, Inc.'s Q4 2023 earnings call outlined a year of challenges due to macroeconomic headwinds, excess inventory, and geopolitical...

Baptista Research

Amkor Technology Inc.: Beating the Odds in Semiconductor Industry! - Major Drivers

Amkor Technology delivered an all-around beat in the most recent quarterly result, surpassing revenue and profitability expectations. Despite a...

Baptista Research

Amkor Technology Inc.: The Unseen Forces Propelling Demand! - Major Drivers

Amkor Technology, Inc. delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but...

Baptista Research

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