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>Best Buy's fourth quarter fiscal 2024 results displayed mixed sentiments, featuring both challenges and triumphs.</li><li>CEO Corie Barry commended the company's performance in dealing with a pressured Consumer Electronics (CE) sales environment, leading to a delivery of annual profitability at the high end of their original guidance.</li><li>However, revenues fell short of their guidance range.</li></ul>

Best Buy's fourth quarter fiscal 2024 results displayed mixed sentiments, featuring both challenges and triumphs.CEO Corie Barry commended the company's performance in dealing with a pressured Consumer Electronics (CE) sales environment, leading to a delivery of annual profitability at the high end of their original guidance.However, revenues fell short of their guidance range.

Best Buy Co.: Online Sales Growth & 5 Factors Driving Its Performance! - Financial Forecasts

<ul><li>Best Buy Co., Inc. delivered mixed results for the previous quarter, with revenues well below analyst expectations but managed earnings beat.</li><li>The company disclosed a 6.9% decline in comparable sales, a tad below the projected figure, due to softened consumer demand during the quarter.</li><li>The third quarter witnessed growth in the paid membership base and enhanced customer satisfaction across various service offerings.</li></ul>

Best Buy Co., Inc. delivered mixed results for the previous quarter, with revenues well below analyst expectations but managed earnings beat.The company disclosed a 6.9% decline in comparable sales, a tad below the projected figure, due to softened consumer demand during the quarter.The third quarter witnessed growth in the paid membership base and enhanced customer satisfaction across various service offerings.

Best Buy Co. Inc.: The Strategy Driving Their Membership Program Success! - Major Drivers

<ul><li>Best Buy delivered a positive result and managed an all-around beat last quarter.</li><li>While absorbing more significant incentive compensation costs than Best Buy saw last year, the company managed to maintain level SG&A costs.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Best Buy delivered a positive result and managed an all-around beat last quarter.While absorbing more significant incentive compensation costs than Best Buy saw last year, the company managed to maintain level SG&A costs.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Best Buy Co. Inc.: Unpacking the Strategies Yielding Profitability Gains in Membership Programs! - Major Drivers

Equity Capital Markets

<ul><li>Best Buy delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.</li><li>Despite cautious consumer behavior due to inflation and low confidence, Best Buy maintained consistent purchasing patterns and demographics.</li><li>Customer satisfaction scores improved for in-home services, delivery, and remote support, highlighting the company's focus on customer support.</li></ul>

Best Buy delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.Despite cautious consumer behavior due to inflation and low confidence, Best Buy maintained consistent purchasing patterns and demographics.Customer satisfaction scores improved for in-home services, delivery, and remote support, highlighting the company's focus on customer support.

Best Buy Co: Investing in Omnichannel Capabilities to Stay Ahead of the Competition – Key Drivers

APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC 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.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sml-group" target="_blank" data-smartkarma-citation="entities:36102:1" rel="noopener">SML Group (SMLGZ HK)</a> is looking to raise about US$200m in its upcoming Hong Kong IPO.</li>
<li>SML Group (SMLG) is a vertically integrated digital identification solutions provider. It primarily engages in developing, manufacturing and selling label and tag products with radio frequency identification (RFID).</li>
<li>SMLG’s revenue growth rebounded post-COVID on the back of improved consumer sentiment. However, the firm’s profitability growth has been slowing down yet it has undertaken additional debt to payout dividends.</li>
</ul>



SML Group (SMLGZ HK) is looking to raise about US$200m in its upcoming Hong Kong IPO.
SML Group (SMLG) is a vertically integrated digital identification solutions provider. It primarily engages in developing, manufacturing and selling label and tag products with radio frequency identification (RFID).
SMLG’s revenue growth rebounded post-COVID on the back of improved consumer sentiment. However, the firm’s profitability growth has been slowing down yet it has undertaken additional debt to payout dividends.


SML Group Pre-IPO - Guided Decline in Profitability but Spike in Dividend Payout

United States

Best Buy Co., Inc. retails consumer electronics, home office products, entertainment software, appliances and related services through its retail stores, as well as its web site.  The Company also retails pre-recorded home entertainment products through retail stores.

Best Buy Co Inc (BBY US)

Best Buy Co.: Online Sales Growth & 5 Factors Driving Its Performance! - Financial Forecasts

Best Buy's fourth quarter fiscal 2024 results displayed mixed sentiments, featuring both challenges and triumphs. CEO Corie Barry commended the...

Baptista Research

Best Buy Co. Inc.: The Strategy Driving Their Membership Program Success! - Major Drivers

Best Buy Co., Inc. delivered mixed results for the previous quarter, with revenues well below analyst expectations but managed earnings beat. The...

Baptista Research

Best Buy Co. Inc.: Unpacking the Strategies Yielding Profitability Gains in Membership Programs! - Major Drivers

Best Buy delivered a positive result and managed an all-around beat last quarter. While absorbing more significant incentive compensation costs...

Baptista Research

Best Buy Co: Investing in Omnichannel Capabilities to Stay Ahead of the Competition – Key Drivers

Best Buy delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings...

Baptista Research

SML Group Pre-IPO - Guided Decline in Profitability but Spike in Dividend Payout

SML Group (SMLGZ HK) is looking to raise about US$200m in its upcoming Hong Kong IPO. The firm’s profitability growth has been slowing down yet it...

Ethan Aw