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 Capital Markets

<ul><li>This is our first report on one of the largest asset managers, BlackRock.</li><li>While the market situation in 2022 was among the most difficult years, BlackRock delivered decent organic growth and ended the year with an all-around beat.</li><li>The company generated $300 billion in total net inflows in 2022, which led the industry, and experienced positive organic base fee growth.</li></ul>

This is our first report on one of the largest asset managers, BlackRock.While the market situation in 2022 was among the most difficult years, BlackRock delivered decent organic growth and ended the year with an all-around beat.The company generated $300 billion in total net inflows in 2022, which led the industry, and experienced positive organic base fee growth.

BlackRock Inc.: Initiation of Coverage – Business Strategy & Key Drivers

Equity Bottom-Up

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

<ul><li>The SET Index is expected to move downward amid light volume, with the resistance at 1,605/1,610 points and the support at 1,588/1,580 points, as investors are awaiting the US inflation figure to be released today and slowing down their investment ahead of the long holiday.</li><li>Today, keep a close watch on the US inflation figure in March, which is expected to slow to +5.1% YoY from 6% YoY in February thanks to the high base effect and lower non-farm payrolls.</li><li>Due to the high uncertainty in the leadup to the long holiday, we recommend defensive stocks.</li></ul>

The SET Index is expected to move downward amid light volume, with the resistance at 1,605/1,610 points and the support at 1,588/1,580 points, as investors are awaiting the US inflation figure to be released today and slowing down their investment ahead of the long holiday.Today, keep a close watch on the US inflation figure in March, which is expected to slow to +5.1% YoY from 6% YoY in February thanks to the high base effect and lower non-farm payrolls.Due to the high uncertainty in the leadup to the long holiday, we recommend defensive stocks.

Recommend Defensive Stocks Amid the Uncertainty Regarding US Inflation and Banks' Earnings Results

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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.

Nexus Select Trust / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nexus-select-trust" target="_blank" data-smartkarma-citation="entities:36566:1" rel="noopener">Nexus Select Trust (NST IN)</a>  is looking to raise up to US$500m in its upcoming India IPO. </li>
<li>NST is a REIT with a portfolio of 17 Grade A urban consumption centers. It is backed by Blackstone.</li>
<li>In this note, we will talk about the positive aspects of the deal.</li>
</ul>



Nexus Select Trust (NST IN)  is looking to raise up to US$500m in its upcoming India IPO. 
NST is a REIT with a portfolio of 17 Grade A urban consumption centers. It is backed by Blackstone.
In this note, we will talk about the positive aspects of the deal.


Nexus Select Trust Pre-IPO - The Positives - Forecasting Robust Growth

United States

BlackRock, Inc. provides investment management services. The Company offers investment, advisory, and risk management services. BlackRock serves individuals, families, educational, governments, insurance companies, and non profit organizations worldwide.

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BlackRock (BLK US)

BlackRock Inc.: Initiation of Coverage – Business Strategy & Key Drivers

This is our first report on one of the largest asset managers, BlackRock. While the market situation in 2022 was among the most difficult years,...

Baptista Research

BlackRock Inc.: Initiation of Coverage – Business Strategy & Key Drivers

This is our first report on one of the largest asset managers, BlackRock. While the market situation in 2022 was among the most difficult years,...

Baptista Research

Today's Dominant Ideas

The SET Index is expected to move downward amid light volume, with the resistance at 1,605/1,610 points and the support at 1,588/1,580 points, as...

Krungthai XSpring

Nexus Select Trust Pre-IPO - The Positives - Forecasting Robust Growth

Nexus Select Trust, backed by Blackstoner, is looking to raise up to US$500m in its upcoming India IPO. In this note, we will talk about the...

Sumeet Singh

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